News

Caesars Entertainment Corp: Potential Synergy Upside but Shift to EW Post ERI Acquisition Announcement

ERI is buying CZR for cash/stock worth ~$12.50. We move our PT to the implied value. We see potential bull case where the mkt values CZR at Friday's multiples inclusive of >$500m of synergies, implying $15. However, we see a (less likely) bear case the deal falls apart and the stock trades to $9

Zitro Experience México 2019 consolidates the company as leader in the Video Slots and Video Bingo Market in the country

The annual event, which has already become a benchmark in the sector, once again surprised the guests with its spectacular presentation of products, as well as entertainment of the highest level.