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Caesars Entertainment jumps after announcing Mark Frissora will step down as CEOCaesars Entertainment CEO Mark Frissora is stepping down after 3 years in the role, the company announced on Thursday. no surprise here Wow, he must have sucked
Source: CNBC - 🏆 12. / 72 Read more »
Carl Icahn builds stake in Caesars Entertainment: CNBCBillionaire investor Carl Icahn is building a stake in casino operator Caesars E... Must see liquidation potential Cool to see the bloated zombie-corpse of late stage capitalism still out there actively trying to ruin people's lives. So inspiring!
Source: Reuters - 🏆 2. / 97 Read more »
This Caesars Palace Las Vegas villa costs $30,000-a-night — here's what you getTake a look inside this $30,000-a-night Caesars Palace villa in Las Vegas, with marcuslemonis. via CNBCMakeIt marcuslemonis MakeIt Is that fireplace for the painting? marcuslemonis MakeIt xrpcommunity - when moon? marcuslemonis MakeIt I would NEVER pay $30,000 for a room for a year let alone one night.. Even if I hit the lottery for hundreds of thousands of dollars I still wouldn't pay that much..
Source: CNBC - 🏆 12. / 72 Read more »
Marcus Corp will acquire Movie Tavern from VSS-Southern Theatres, LLCMarcus Theatres, a division of the Marcus Corporation , announced Friday it has agreed to acquire the assets of Movie Tavern, a luxury theater chain, from VSS-Southern Theatres, LLC, a part of private equity firm Veronis Suhler Stevenson's portfolio. Movie Tavern, which offers in-theater dining and luxury seating, has 22 locations and 208 screens in 9 states. The deal is valued at around $126 million, comprised of $30 million in cash and 2,450,000 shares of Marcus common stock. "We anticipate this acquisition will be accretive to earnings, earnings per share and cash flow in the first twelve months following the closing of the transaction, and expect a smooth integration of Movie Tavern into our circuit. In addition, by using common stock as a component of the consideration, we will continue to maintain an extremely strong balance sheet and be in a position to consider additional growth opportunities in the future," said Gregory Marcus, the president and CEO of the Marcus Corporation. The deal is expected to close early 2019. Shares of the Marcus Corporation have gained 43% in the year to date, while the S&P 500 has gained 2.5%.
Source: MarketWatch - 🏆 3. / 97 Read more »