Last $8.30 USD
Change Today +0.07 / 0.85%
Volume 76.1K
CACQ On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

caesars acquisition co-cl a (CACQ) Snapshot

Open
$8.19
Previous Close
$8.23
Day High
$8.53
Day Low
$8.12
52 Week High
03/11/14 - $16.98
52 Week Low
01/22/15 - $7.66
Market Cap
1.1B
Average Volume 10 Days
124.1K
EPS TTM
--
Shares Outstanding
136.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CAESARS ACQUISITION CO-CL A (CACQ)

caesars acquisition co-cl a (CACQ) Related Businessweek News

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caesars acquisition co-cl a (CACQ) Details

Caesars Acquisition Company, through its interests in Caesars Growth Partners, LLC, operates as a casino asset and entertainment company. It focuses on acquiring and developing a portfolio of operating assets, and equity and debt investments in the gaming and interactive entertainment industry. The company’s Interactive Entertainment segment provides interactive social and mobile casino-themed games, including Slotomania, a casino-themed game on Facebook, Apple iOS, and Android platform; Caesars Casino application on Facebook; Bingo Blitz, a bingo game on Facebook, Android, and Apple iOS; and the World Series of Poker social and mobile game on the Facebook platform, Amazon Kindle, Android devices, and all Apple iOS devices. This segment also operates three regulated online real money gaming Websites in the United Kingdom, including wsop.co.uk, caesarscasino.co.uk, and caesarsbingo.co.uk that primarily focus on poker, casino, and bingo related games; and in New Jersey comprising CaesarsCasino.com, HarrahsCasino.com, and WSOP.com. Its Casino Properties and Developments segment holds interest in a portfolio of casino-related assets that consist of Planet Hollywood, a casino resort located on the Las Vegas Strip in Las Vegas, Nevada; and an investment in the Horseshoe Baltimore, a casino project under development in Baltimore, Maryland. The company was founded in 2013 and is based in Las Vegas, Nevada.

caesars acquisition co-cl a (CACQ) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $114.6K
Chief Financial Officer
Total Annual Compensation: $73.0K
Compensation as of Fiscal Year 2013.

caesars acquisition co-cl a (CACQ) Key Developments

Caesars Entertainment Operating Company, Inc. Files Complaint against Caesars Acquisition Company, Caesars Growth Partners, LLC, Caesars Entertainment Corporation, Caesars Entertainment Resort Properties, LLC and Caesars Enterprise Services, LLC

On November 25, 2014, UMB Bank, solely in its capacity as Indenture Trustee under that certain indenture, dated as of February 14, 2012 (8.5% Indenture), governing Caesars Entertainment Operating Company Inc.'s 8.5% Senior Secured Notes due 2020 (8.5% Senior Secured Notes) (Plaintiff), and derivatively on behalf of CEOC, filed a lawsuit in the Court of Chancery in the State of Delaware against Caesars Acquisition Company, Caesars Growth Partners, LLC, Caesars Entertainment Corporation, CEOC, Caesars Entertainment Resort Properties, LLC, Caesars Enterprise Services, LLC, Gary Loveman, Jeffrey Benjamin, David Bonderman, Donald Colvin, Kelvin Davis, Fred J. Kleisner, Eric Press, Marc Rowan, David Sambur, Lynn C. Swann, Christopher J. Williams, Jeffrey Housenbold, Michael Cohen, Eric Hession, Ronen Stauber, and Steven Winograd (Defendants). The lawsuit alleges claims for actual and constructive fraudulent conveyance and transfer, insider preferences, illegal dividends, declaratory relief, breach of contract, intentional interference with contractual relations, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, usurpation of corporate opportunities, and unjust enrichment. The lawsuit seeks (1) imposition of a receiver for CEOC; (2) avoidance and/or rescission of certain transfers and the release of CEC's guarantee of the 8.5% Senior Secured Notes; (3) return of assets transferred in those transfers and release; (4) imposition of a constructive trust for the benefit of the assets transferred; (5) declaratory judgment that (i) no release has occurred and any such release is rescinded, (ii) CEC has breached the 8.5% Indenture by declaring the release, (iii) CEC remains liable on account of the CEC guarantee, (iv) certain transfers constitute a default under the 8.5% Indenture, and (v) CEC and the CEC board of directors intentionally interfered with the Plaintiff's and the holders of the 8.5% Senior Secured Notes' (the 8.5% Noteholders) contractual relations with CEOC; (6) reinstatement of the CEC guarantee (if and to the extent it has been terminated); (7) an injunction preventing Defendants from (i) further fraudulent transfers, fraudulent conveyances, and affiliated party transactions involving the assets of CEOC or its subsidiaries, (ii) receiving illegal dividends from CEOC or its subsidiaries, and (iii) conducting further transactions outside the ordinary course of business or transfers of assets from CEOC or its subsidiaries to or for the benefit of CEC, CERP, Growth Partners, CAC, CE Services, or CEC's two private equity sponsors, Apollo Global Management, LLC and TPG Global, LLC, as well as an injunction against further interference by CEC and the CEC board of directors with the 8.5% Noteholders' contractual relations with CEOC; (8) declaratory judgment that (i) CEOC is insolvent, (ii) due to CEOC's insolvency and Defendants' misconduct, Defendants must now manage CEOC principally for the benefit of all of its constituents, including its creditors, and (iii) CEOC was insolvent at all times relevant to Plaintiff's claims and that during such times Defendants should have been managing CEOC principally for the benefit of all of its constituents, including its creditors; (9) compensation from Defendants for CEOC's alleged losses and damages; (10) disgorgement by CEC, CERP, CAC, Growth Partners, and CE Services of monies and/or other assets allegedly improperly obtained (or that they may obtain in the future) from CEOC; and (11) an award to Plaintiff of the costs of this action, including attorney's fees.

Caesars Acquisition Company Announces Unaudited Condensed Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Caesars Acquisition Company announced unaudited condensed earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported loss from operations of $2.1 million, income before provision for income taxes of $22.8 million, net income of $2.8 million or $0.02 per share. For nine months, the company reported loss from operations of $16.2 million, income before provision for income taxes of $39.3 million, net income of $13.4 million or $0.10 per share.

Caesars Acquisition Company, Q3 2014 Earnings Call, Nov 10, 2014

Caesars Acquisition Company, Q3 2014 Earnings Call, Nov 10, 2014

 

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