Swiss bank buys 10.3 mil. shares of Caesars stock
By Ed Komenda, Las Vegas Sun
Caesars Entertainment Corp. has sold 10.3 million shares of its common stock to a Swiss banking firm for $200 million, according to a filing with the Securities and Exchange Commission.
Credit Suisee Securities purchased the stock for $19.40 per share.
Tuesday’s sale follows the heels of the gaming giant’s Sept. 25 move to offer common stock to generate cash to pay down a mortgage loan.
Caesars is the parent company of Harrah’s Lake Tahoe and Harveys in Stateline.