Gambling in the USA

Eldorado Resorts to Buy Caesars Entertainment Corp

Published

6 years ago

June 25, 2019

Niji Narayan

Caesars Merger with Eldorado Moving Forward

Photo Source: tripsavvy.com

Reading Time: < 1 minute

Eldorado Resorts Inc., the US based casino operator, has agreed to merge with Caesars Entertainment Corp through a $17.3 billion cash and stock deal.

The deal, which is expected to be announced soon, values Caesars at close to $13 a share. The combined company’s ownership would be split roughly between Eldorado and Caesars shareholders.

An Eldorado spokesman said the company did not comment on rumours or speculation. Caesars did not immediately respond to requests for comment.

The combination of the two companies would create a serious competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International.

Related Topics:

Up Next

Mobile Betting Bill Fails to Progress Through New York Assembly

Don't Miss

Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.