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Posts Tagged ‘Sells’

Caesars Sells Harrah’s Las Vegas for $1.14 Billion

Caesars Entertainment Corporation has announced that it has entered into an agreement to sell Harrah’s Las Vegas to VICI Properties for $ 1.14 billion. If this sounds rather shocking, you may be relieved to know (or not really care, as the case may be) that it is all part of a plan. In mid-November, Caesars announced that it will acquire Centaur Holdings, LLC for $ 1.7 billion in cash. Centaur owns Hoosier Park Racing and Casino in Anderson, Indiana and the Indiana Grand Racing and Casino in Shelbyville, Indiana. The sale of Harrah’s Las Vegas is being used to finance the Centaur deal. It will also continue to be business as usual at Harrah’s, as Caesars will enter into a 15-year lease for the property, paying VICI an initial annual rent of $ 87.4 million, a number which will increase as the years go on. Caesars will continue to operate

Playtech Co-Founder Sells £329 Million of Company Stock

Playtech PLC’s co-founder Teddy Sagi, the company’s largest shareholder, has sold off a sizable chunk of his stock in the company. The sale was made through his trust, Brickington Trading Limited. It was known that Sagi was going to sell some of his stock, but he decided to increase the amount from 10 percent to 12 percent of his holdings. He still remains Playtech’s largest shareholder, owning 21.6 percent of the online gaming firm. The fun figures: 38.7 million ordinary shares for 850p each, a total of £329 million. As part of the sale, Sagi and Brickington (which sounds like a LEGO city) agreed to not sell any more shares for 180 days. The sale put a hurting on other shareholders, as naturally Playtech’s stock price plummeted to the level at which Brickington sold. On November 29th, the day before the sale, Playtech (LON: PTEC) closed at 921p per share.

Super High Roller Bowl Sells Out Two Months Before Start

More than two months before it is set to take to the felt, the 24/7 streaming network Poker Central and the Aria Resort & Casino’s Super High Roller Bowl tournament – which proved to be such a success in 2015 that it was expanded for this year – has sold out of seats for the $ 300,000 buy in event. Registration for the tournament opened up in January, well ahead of the May 29 play date at Aria in Las Vegas. The field was increased to 49 players (from the 43 that took part in 2015), but the buy-in was also decreased (to $ 300,000 from the $ 500,000 it was last year). As an additional treat, a still-unknown sponsor has put up $ 300,000 to bring the total prize pool to a nice round $ 15 million, with $ 5 million going to first place. Still, the speed in

Dogs Playing Poker Painting Sells for Over $650,000

They say the value of something is whatever someone else is willing to pay for it. All it takes is one person to REALLY want something for the price to skyrocket (well, maybe two people, as only a fool would bid against himself). So when you think of the kitchy dogs playing poker paintings, don’t laugh, because one of them just sold for $ 658,000 at Sotheby’s art auction. The painting, titled “Poker Game,” was painted in 1894 by Cassius Marcellus Coolidge. It is not THE dogs playing poker painting that has become famous in American history – that one, also by Coolidge, is called “A Friend in Need” – but nevertheless, it is considered an important part of American culture and thus has significant value as both art and Americana. Both “Poker Game” and “A Friend in Need” are part of a series of sixteen oil paintings (“Dogs Playing