Caesars Entertainment Corporation (CEC)–formerly Harrah’s Entertainment—was acquired on January 28, 2008 by affiliates of Apollo Global Management, LLC and TPG Capital, LP in an all-cash transaction valued at approximately $30.7 billion, including the assumption of $12.4 billion of debt and the incurrence of approximately $1.0 billion of acquisition costs. As a result, the stock is [...]

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The Horse Racing Business of July 16, 2011 carried an analysis titled “How Well Managed is Churchill Downs, Inc.?” The post contained the assessment that “…the facts paint a picture of a masterful job [by management] of shepherding CDI through turbulent times, the turbulence caused largely by a languid economy and a pari-mutuel industry in free fall.” [...]

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This Thursday night (July 28, 2011) at Yonkers Raceway an amazing 3-year-old pacing filly, See You at Peelers, will try to add another victory to her 20-for-20 lifetime record. She likes the Yonkers’ track, where she is 4-for-4 including a win last month against colts in the $300,000-plus Art Rooney Pace. (Art Rooney was the [...]

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