Caesars Sells Nova Scotia Interest

Caesars Entertainment has sold its interest in the company that owns and operates Casino Nova Scotia Halifax and Casino Nova Scotia Sydney for about $70 million.

Under the terms of the deal, British Columbia-based Great Canadian Gaming Corporation acquires Caesars’ 95 percent interest in Metropolitan Entertainment Group.

MEG (which is not related to John Scher’s company of a similar name) owns and operates the two venues in partnership with the government-owned Nova Scotia Gaming Corporation.