Eldorado Gaming Acquires Caesars Entertainment, Creating a Casino Giant
Eldorado Gaming has finally acquired Caesars Entertainment, forming a powerful alliance that creates the largest casino and entertainment conglomerate in the entire nation.
Eldorado Gaming announced their intentions last June, proposing a $17.3 billion acquisition of Caesars. This included a $7.2 billion cash payment and approximately 77 million Eldorado shares.
This significant merger required approval from various regulatory bodies, and finally, the New Jersey Gaming Control Commission gave their consent, making the deal official.
Now that they are a unified entity, they will operate under the name “Caesars Entertainment, Inc.” and will oversee more than 55 casinos globally.
You can access the complete article on iGB North America.
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