[bsa_pro_ad_space id=1 link=same] [bsa_pro_ad_space id=2]

Skip to Content

Operator News

US – Eldorado and Caesars complete $17.3bn merger

By - 21 July 2020

Eldorado Resorts has announced it has completed a $17.3bn stock and cash acquisition of Caesars Entertainment Corporation to create the largest casino and entertainment company in the United States. Eldorado will take the iconic company’s name going forward as the largest casino owner in the world.

“We are pleased to have completed this transformative merger, thus making us the premier leader in gaming and hospitality. We look forward to executing on the numerous opportunities ahead to create value for all stakeholders,” explained Tom Reeg, CEO of Caesars Entertainment, Inc.

“Additionally, we are pleased to welcome all of our team members to the combined company, and we look forward to implementing all of the strategic initiatives that will position the company for continued growth.”

The combined company owns and operates more than 55 casino properties worldwide, including a portfolio of eight casino hotel properties on the Las Vegas Strip.

However, the company plans to shed several properties to satisfy antitrust concerns raised before approvals were granted by the Federal Trade Commission and regulators in Indiana and New Jersey. In Nevada, executives have said they may sell at least one Las Vegas Strip property.

Caesars owns or operates casinos in 16 states across the U.S. including Nevada, Colorado, Missouri, Iowa, Florida, Mississippi, Louisiana, Ohio, Illinois, Indiana, New Jersey, Pennsylvania, Arizona, North Carolina, California and Maryland.

Share via
Copy link