trending Market Intelligence /marketintelligence/en/news-insights/trending/6eTXsdkPAX4eQXEPGw_Vkg2 content esgSubNav
In This List

Caesars Entertainment completes sale of Harrah's Philadelphia casino

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook


Caesars Entertainment completes sale of Harrah's Philadelphia casino

Caesars Entertainment Corp. said Dec. 26 that it completed the sale of the real estate assets of the Harrah's Philadelphia casino to VICI Properties Inc.

The Nevada-based casino operator received $82.5 million in cash in the transaction. That reflects a reduction from the previously announced purchase price of $241.5 million, due to the value of certain modifications to VICI Properties' leases with Caesars.

Meanwhile, Caesars leased Harrah's Philadelphia from VICI Properties, and will continue to operate the casino as part of its network. The two companies also modified the lease to the Caesars Palace Las Vegas property.