Gambling in the USA
Eldorado Resorts and Caesars mull over merger

US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages of discussion on a possible merger, according to sources familiar with the matter.
Caesars has recently agreed to allocate billionaire investor Carl Icahn, who has been pushing the company to sell itself, three board seats to his representatives, and a say on the selection of its next chief executive officer.
Caesars is providing some limited confidential financial information to Eldorado, which is carrying out due diligence on the potential combination of the two companies, the sources said.
Eldorado has yet to make a binding offer for Caesars, and there is no certainty any bid will materialise or that a deal will be successfully negotiated, the sources added, asking not to be identified because the matter is confidential.
Caesars and Eldorado have market capitalizations of $5.4 billion and $3.6 billion, respectively. They also had debt piles of $9.1 billion and $3.3 billion, respectively, as of the end of December.
Caesars declined to comment, while Eldorado did not immediately respond to a request for comment.
-
Asia7 days ago
Digital gaming disruption tackled in 1st AsPac Regulators’ Forum
-
Africa7 days ago
BetKing Renews Ikorodu City FC Partnership for 2025/26 NPFL Season
-
Compliance Updates7 days ago
Kongebonus statement: Norway’s election result signals gambling policy continuity, but licensing debate is set to intensify
-
Balkans7 days ago
BEGE Awards Nominations Now Open – Celebrating 16 Years of Industry Excellence!
-
Latest News7 days ago
Answer the Call of the Wild: ELA Games Unveils Its Latest Game “Buffalo Force”
-
Latest News7 days ago
Win a Fruity Fortune in BGaming’s Bonanza Trillion
-
Latest News7 days ago
Saddle up for big wins under the Bison Moon with the latest slot from Northern Lights Gaming
-
Latest News7 days ago
Slots Temple Announces Exclusive Free-to-Play Tournament Partnership with Pragmatic Play