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Gaming & Casinos
Casinos, gaming companies, and gambling operations
1 PE-owned brands|5 locations tracked
What PE Ownership Means for This Industry
$25B in debt loaded
The Caesars LBO was one of the largest corporate destructions in history
Apollo and TPG's $30.7B acquisition of Harrah's (renamed Caesars) loaded $25 billion in debt. They extracted hundreds of millions in fees while the company filed the largest gaming bankruptcy in history.
Source: New York Times, Bloomberg, 2015