Caesars Entertainment has sold its European and African casino businesses to Silver Point Capital’s investment company Metropolitan Gaming for an undisclosed amount.
The sale included 11 casinos located in the UK, Egypt and South Africa.
Silver Point plans to provide investment and strategic support to the business and work to develop Metropolitan as a leading brand in the luxury and premium gaming sectors, Metropolitan said.
As part of that development, Metropolitan appointed former Mohegan Gaming COO Michael Silberling as CEO.
Caesars Entertainment joins two successful gaming leaders, Caesars Entertainment and Eldorado Resorts, who have come together to create the largest and most diversified collection of destinations across the U.S.
Boasting many of the world’s most prestigious gaming brands, including Caesars Palace®, Harrah’s®, Horseshoe®, Eldorado®, Silver Legacy®, Circus Circus® Reno and Tropicana®, among many others, we are the global leader in gaming and hospitality. While each of our over 50 world-class resorts offer its own unique amenities, all share a common goal of providing unparalleled family-style service and exhilarating experiences.
Metropolitan Gaming is a UK based private limited company with share capital located in St James’s Square, London.
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