CASINO WORLD NEWS Caesars sells European and African casinos to Metropolitan Gaming 2 years ago Iwo Bulski Post Views: 910 Metropolitan Gaming announced on August 4 that it has completed the acquisition of Caesars Entertainment’s European and African casino businesses. By completing the transaction on July 16, Metropolitan Gaming now owns and operates casinos in 11 locations across the United Kingdom, Egypt and South Africa, including Empire Casino in Leicester Square. The amount of the acquisition remains unknown. Parent company Silver Point will provide investment and strategic support to the business and will work collaboratively with management to develop Metropolitan Gaming “as a leading brand in the luxury and premium gaming sectors”, according to a press release. “We are very excited about the opportunity to acquire a number of historic and high-end casinos in the United Kingdom. The acquisition fits well with Silver Point’s focus on investing in high-quality businesses at opportune times,” – said Edward Mulé, Founding Partner of Silver Point. Metropolitan Gaming also announced newly appointed CEO Michael Silberling, who commented: “I am excited to join the amazing team at Metropolitan Gaming. The world, the global economy, and the hospitality industry have been rocked by the COVID-19 pandemic, but I believe that this team is well positioned to lead a strong rebound of this business, benefitting from their experience and expertise, and a partner that is committed to invest.” Regarding future plans, Silberling describes Metropolitan Gaming as focused on job creation and investment as the company partners with employees, regulators and the community “to create a safe, fun and memorable experience” for customers. Metropolitan Gaming Holdco Limited is a new gaming entity, created on July 12 by the combination of Silver Point Capital and Lancer Capital Management, both U.S. based private equity companies. Source: yogonet.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Casinos, Ceasars, Metropolian Gaming Continue Reading Previous TVBET goes live with the crypto casino BC.GameNext 10 of the biggest winners in the history of casinos More Stories EXPERTS WORLD NEWS Record 2022 numbers for Playtech 2 days ago Iwo Bulski CASINO How Do You Figure Out If a Slot Machine Will Win? 3 days ago Szarlot CASINO SOUTH AFRICA Where in the world are the most luxury casino destinations? 3 days ago Szarlot ONLINE WORLD NEWS TVBET enters distribution agreement with Golden Matrix Group 3 days ago Iwo Bulski CASINO ZIMBABWE Zimbabwe: Man killed at a gambling table 4 days ago Samuel ONLINE WORLD NEWS Slotegrator expands into Greece, Romania, and more with 1X2 Network 4 days ago Iwo Bulski CASINO SOUTH AFRICA Sun International bets big on gambling growth 6 days ago Iwo Bulski ONLINE WORLD NEWS Pragmatic Play to exhibit as Premium sponsor in GAT Expo Cartagena 1 week ago Iwo Bulski ONLINE WORLD NEWS Slotegrator partners with Panga Games 1 week ago Iwo Bulski CASINO SOUTH AFRICA Sun International on a roll as gamblers spend big after pandemic 2 weeks ago Samuel CASINO SOUTH AFRICA Kimberley’s Flamingo Casino comes of age 2 weeks ago Szarlot BETTING WORLD NEWS Parimatch suspends B2C operations in Ukraine 2 weeks ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.