Rock Gaming Buys Part of Caesars Interactive Shares

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October 5th, 2012

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Rock Gaming Buys Part of Caesars Interactive Shares

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Rock Gaming Buys Part of Caesars Interactive Shares

An intriguing move was made by Caesars Entertainment this week, considering the approaching of the legalization of online gambling in the US.

Namely, it appears that the company has sold around 1.5 percent of the available shares in its Montreal-based Caesars Interactive Entertainment subsidiary to Rock Gaming, with which a the Caesars parent group is currently partnering on land casino ventures.

It has been learned from the Securities and Exchange Commission filings that Rock paid $60.8 million for an undisclosed piece of Caesars Interactive, with a further $19.2 million worth accessible as an option.

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Best known as Lips on the forum, she holds a Master’s degree in business and is an established expert in online gambling. With LCB since 2008, she served as Chief Content Writer and Land-Based Casino Manager unil mid 2024, bringing deep industry insight and creative vision to the network. Her forward-thinking approach and understanding of player needs have helped shape the forum’s identity and helped keep it ahead of other gambling communities.