Casino giant caesars entertainment company inform regulators on Friday, it is $$4.38 million sale of its Asian development property in macau.
Las Vegas company reports, it has with the securities and exchange commission in the first quarter results showed on Tuesday agreed to sell golf course properties of pearl dynasty investment co., LTD
Listed companies, said the sale is expected to close by the end of this year, and to raise funds to be used to repay the debt. Company's shares at $18.36 on Friday, a day is over, up 75 cents, or 4.26%.
Caesar's entertainment, Gary says Thompson, a spokesman for the confidentiality clauses in the sales agreement, ruled out the company's comment beyond its 10 - Q report disclosure.
, the report said the agreement calls for a week the initial deposit of $65700000, by the pearl river dynasty, plans to complete the transaction within 90 days. Caesar's entertainment company can keep $43800000, if the transaction failure.
Caesar is in the United States, the biggest casino operator Las Vegas, Atlantic city, New Jersey, indiana, Louisiana, Mississippi, and several other state property. It is the only major U.S. company not in macau casino gambling.
Rival firms MGM resorts, wynn resorts co., LTD., and Las Vegas sands group co., LTD. In about an hour's ferry city of China, Macao property can be arrived in Hong Kong.
Harrah's entertainment, the predecessor of $578 million in 2007, bought 175 acres of land, plan to include hotels and casinos. The property name to Caesar golf club in 2010, an enterprise name changes.
However, the company did not apply for at the beginning of the 21st century a limited number of Macao, the Macao government concessions it never get gambling
Caesar's entertainment company in the SEC filing, said last month that it plans to raise $120 million sale of shares in the company.
It was also in the process, to set up an online gambling sites players in the United States in the state of Nevada, and is taking steps to spin off its online gambling companies as an independent company.



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