Gambling in the USA

Eldorado Secures LGCB Approval for Caesars Acquisition

Published

5 years ago

January 22, 2020

Niji Narayan

Eldorado Secures LGCB Approval for Caesars Acquisition

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Eldorado Resorts has secured approval from the Louisiana Gaming Control Board (LGCB) for its pending acquisition of Caesars Entertainment.

Eldorado had announced in June 2019 an agreement to merge with Caesars Entertainment for about $8.58 billion. The transaction is expected to be consummated in the first half of 2020 and remains subject to the receipt of all required regulatory approvals and other closing conditions.

“The agreement to divest the Eldorado Shreveport is consistent with our continued focus on reducing debt ahead of the expected closing for the Caesars transaction in the first half of 2020,” Tom Reeg, CEO of Eldorado, said.

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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.