Eldorado Secures LGCB Approval for Caesars Acquisition

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.