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.