Caesars Entertainment (CZR) Prices 31M Share Common Stock Offering at $56/Each

Caesars Entertainment, Inc. (NASDAQ: CZR) today announced the pricing of an underwritten public offering of 31,000,000 shares of its common stock at a public offering price of $56.00 per share. In connection with the offering, the company granted the underwriters a 30-day option to purchase up to an additional 4,650,000 shares of its common stock. The company expects to use the net proceeds from the offering for general corporate purposes, including, potentially, the previously announced possible cash offer for the entire issued and to be issued share capital of William Hill plc.

Deutsche Bank Securities and J.P. Morgan are acting as joint lead book-running managers for the offering. Credit Suisse and BofA Securities are acting as joint book-running managers for the offering and Macquarie Capital, BTIG, Truist Securities, Morgan Stanley, Citigroup, KeyBanc Capital Markets, Fifth Third Securities, Citizens Capital Markets, Barclays, Stifel, Union Gaming and Roth Capital Partners are acting as co-managers for the offering.

The offering is being made pursuant to an effective shelf registration statement (containing a prospectus) filed with the Securities & Exchange Commission.

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