By The Weekly Edge desk ·
EGR reported that Caesars Digital’s Q2 revenue increased 2.3% to $351m. Adjusted EBITDA fell 15%, while Caesars cancelled its conference call amid Fertitta Entertainment’s $17.6bn acquisition.
The digital division reports lower adjusted earnings despite revenue growth.
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Caesars investors have approved the proposed acquisition by Tilman and Paige Fertitta, advancing the purchase of the casino operator.
The acquisition would take Caesars private, but shareholder approval leaves regulatory and other closing conditions outstanding.
Renewed examination by Wohl & Fruchter concerns Fertitta Entertainment’s proposed Caesars acquisition at $31 per share.
Caesars shareholders will vote on Fertitta Entertainment’s proposed takeover at the shareholder meeting on 22 September.
Caesars shareholders will vote on Fertitta Entertainment’s proposed takeover, which would take the company private.
The competing offer gives Caesars an alternative bid above Fertitta’s proposed price.