{"id":214,"date":"2024-06-19T07:48:18","date_gmt":"2024-06-19T04:48:18","guid":{"rendered":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/19\/caesars-entertainment-sells-playtika-for-4-4-billion\/"},"modified":"2024-06-20T17:11:16","modified_gmt":"2024-06-20T14:11:16","slug":"caesars-entertainment-sells-playtika-for-4-4-billion","status":"publish","type":"post","link":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/19\/caesars-entertainment-sells-playtika-for-4-4-billion\/","title":{"rendered":"Caesars Entertainment Sells Playtika for 4.4 Billion"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/BzCSx57hH9k\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>Caesar Entertainment (CE) is divesting its social gaming subsidiary, Playtika, for an impressive $4.4 billion. The acquiring entity? A syndicate partially financed by a branch of Shanghai Giant Network Technology, a prominent force in the digital gaming realm.  Rumors had circulated that CE itself, estimated at roughly $4 billion, might be on the market. The Wall Street Journal indicated that gaming corporations were circling as prospective purchasers, while Bloomberg noted multiple firms had presented offers around the $4 billion threshold. The Journal emphasized CE\u2019s mobile gaming division as a probable key element fueling the attention.  This action follows CE\u2019s announcement of a 29% surge in net income for the initial quarter of 2016, hitting $228 million. They credited this triumph to \u201crevenue generation expansion propelled by a heightened number of monthly subscribing users\u201d across both their social and mobile gaming platforms.  It\u2019s noteworthy that CE is retaining certain valuable holdings.  Their World Series of Poker trademark and real-currency online gaming ventures are excluded from this transaction.  This divestiture represents a significant shift for Playtika.  Harrah\u2019s originally acquired a 51% interest in the enterprise back in 2011 for a mere $90 million, with the prerogative to purchase the remainder within a two-year timeframe.  Caesar\u2019s Entertainment proceeded to secure the outstanding 49% later that same year, as per Globes.  The agreement is anticipated to finalize sometime within the third or fourth quarter of 2016.  Playtika\u2019s headquarters will remain in Israel. <\/p>\n<p>Yasuhiro Shi, the originator and head of Giant Network, commended Playtika, stating, \u201cTheir triumph is a demonstration of their gifted personnel, robust organizational ethos, sophisticated data analysis, and exceptional capacity to metamorphose and expand games.\u201d<\/p>\n<p>Mitch Garber, Chairman and CEO of CIE, reminisced about Playtika\u2019s path since CIE\u2019s purchase in 2011. \u201cIt\u2019s been extraordinary to observe Playtika\u2019s development from a modest startup with a mere 10 workers to a worldwide frontrunner in the gaming sector,\u201d he remarked.<\/p>\n<p>He further praised Playtika as a \u201chighly lucrative and swiftly expanding enterprise with over 1,300 staff members, numerous successful games, and millions of daily engaged players.\u201d Garber also had significant acclaim for Robert Antokol, Playtika\u2019s creator, deeming him a \u201cgenuine visionary and pioneer in the Israeli business realm who has not only constructed a remarkable company but also one of the most distinctive cultures I have ever encountered.\u201d<\/p>\n<p>This proclamation coincided with the information that Caesars Entertainment will be unveiling its second-quarter fiscal outcomes for 2016 on Tuesday. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caesar Entertainment (CE) is divesting its social gaming subsidiary, Playtika, for an impressive $4.4 billion. The acquiring entity? A syndicate partially financed by a branch of Shanghai Giant Network Technology, a prominent force in the digital gaming realm. Rumors had circulated that CE itself, estimated at roughly $4 billion, might be on the market. The [&hellip;]<\/p>\n","protected":false},"author":69,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Playtika Sold for $4.4 Billion: Is Caesar Entertainment Next?<\/title>\n<meta name=\"description\" content=\"Caesar Entertainment divests its social gaming arm, Playtika, in a massive $4.4 billion deal. 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