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Business
July 18, 2020
Caesars-Eldorado $17.3bn Merger a Fact in New Jersey Vote
The New Jersey Casino Control Commission has granted a final approval to the Eldorado-Caesars merger/buyout deal estimated at $17.3bn. New Jersey Gives Approval to Eldorado-Caesars Merger A final approval from New Jersey has come on Friday, July 17, allowing Eldorado Resorts Inc, a Nevada-based gaming giant, to finalize the acquisition of Caesars Entertainment Corp. in […]
Business
July 16, 2020
Eldorado-Caesars Merger Enters Final Chapter as Approval from NJ Regulator Is Expected Soon
Following the approval of Indiana and Nevada, the Eldorado-Caesars merger is entering its final chapter. Once the merger is completed, a new regional giant will be created which will operate in 16 states. NJ Regulator Expected to Make a Decision on the Megadeal The megadeal merger between Eldorado and Caesars is entering its final stage. […]
Legal
July 11, 2020
Indiana Gaming Commission Approves Eldorado Caesars Merger
Eldorado Resorts announced at a meeting Friday, July 10, it has obtained the approval from the Indiana Gaming Commission regarding the ongoing merger with Caesars Entertainment, subject to applicable conditions. The approval of the Indiana Gaming Commission left Eldorado needing to get the go-ahead from only two other regulatory bodies, the Indiana Horse Racing Commission […]
Business
July 7, 2020
Key Week for Eldorado Caesars Merger, Nevada, Indiana Hearings
The ongoing merger between Eldorado Resorts (ERI) and Caesars Entertainment (CZR) is facing a critical week ahead, as both the Nevada Gaming Control Board and the Nevada Gaming Commission will review its details on Wednesday, while on Friday, gaming authorities in Indiana are set to consider the $17.3 billion deal. Gaining the approvals of Nevada […]
Casino
July 4, 2020
Twin River Completes Isle of Capri & Lady Luck Acquisitions
Twin River Holdings, Inc reported Thursday it completed the deal to acquire the Isle of Capri in Kansas City, Missouri, and Lady Luck Casino in Vicksburg, Mississippi, for a combined price of $230 million, subject to customary adjustments. Twin River Expands into Missouri and Mississippi The deal to acquire Eldorado Resorts’ subsidiary companies which own […]
Industry
June 26, 2020
FTC: Eldorado-Caesars Merger Approved Subject to Closing Conditions
Eldorado Resorts and Caesars Entertainment announced almost simultaneously today that their pending $17.3 billion mega-merger deal overcame the main obstacle on the road to completion, the approval from the Federal Trade Commission (FTC). FTC Signals Conditional Green Light The FTC accepted a proposed consent order to conclude the review of the merger regarding the Hart-Scott-Rodino […]
Business
June 16, 2020
Eldorado Secures $400M Loan from VICI, Sells Land for $103M
Eldorado Resorts announced Monday after stock market close that it entered into deals with VICI Properties to generate $500 million ahead of the completion of its mega-merger deal with Caesars Entertainment. Eldorado Secures Loan from VICI The Reno-based casino operator signed a letter of intent to enter into a $400 million mortgage deal secured by […]
Business
June 14, 2020
No Stopping Eldorado-Caesars Deal of the Century Now
Eldorado and Caesars’ deal will complete “on time,” executives from both companies assure, and now pending regulatory approval. Eldorado Merger with Caesars Going as Planned Two years after Eldorado Resorts and Caesars Entertainment Corp. announced their plan to create a $17.3 billion gaming behemoth, the deal between the two companies seems to move along according […]
Legal
June 11, 2020
New Jersey Licensed Caesars’ Regional President, No News Regarding Eldorado Merger
New Jersey regulator is still to review the proposed merger between Caesars Entertainment and Eldorado Resorts. The Casino Control Commission in the Garden State issued an initial casino key employee license during its meeting Wednesday for Caesars’ Ronald Baumann, and deemed him qualified to serve as Regional President and CEO of Bally’s Atlantic City, Caesars […]
Casino
May 12, 2020
Eldorado CEO Says Merger on Track, Caesars Plans Reopening
Eldorado Resorts CEO Tom Reeg has expressed optimism about the pending merger between Caesars Entertainment Corp. and his company. Reeg commented that the $17.3 billion deal should be finalized by the end of June, as planned when the first was announced in 2019. The statement came during Eldorado’s earnings call on Monday, May 11, with […]