Green light for world’s largest casino company – Eldorado Resorts, Inc. (NASDAQ:ERI)


The merger between Caesars Entertainment (CZR +0.7%) and Eldorado Resorts (ERI +2.5%) is expected go off in the first half of 2020 after regulatory approvals are secured.

Shareholders of both companies approved the combination last Friday.

Eldorado will pay $7.2B in cash and dole out 77M shares of stock to acquire 51% of Caesars. Eldorado also swallows up Caesars’ existing debt.

The new Caesars-named company, which will have 60 casino properties with 51K hotel rooms, will be the largest casino player in the world based off gaming assets.

The Caesars-Eldorado deal arrives with MGM Resorts (MGM +1.2%) in an asset-shedding mode.

Source: Press Release





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

New Bookmakers
Vietbet.eu Sportsbook Review
Vietbet.eu Sportsbook Review

Vietbet.eu Promo Code: GAMBLING35

Betanysports.eu Review For 2019
Betanysports.eu Review For 2019

Promo Code: GAMBLING35

Jazz Sportsbook Review 2019
Jazz Sportsbook Review 2019

Jazz Sportsbook Review 2019

Bookmaker.eu Sportsbook Review 2019
Bookmaker.eu Sportsbook Review 2019

Bookmaker.eu Sportsbook Review 2019

WagerWeb Sportsbook Review 2019
WagerWeb Sportsbook Review 2019

WagerWeb Sportsbook Review 2019

New Casinos
5.0 rating
Vietbet.eu Promo Code: GAMBLING35
5.0 rating
Promo Code: GAMBLING35
5.0 rating
Jazz Sportsbook Review 2019
5.0 rating
Bookmaker.eu Sportsbook Review 2019
5.0 rating
WagerWeb Sportsbook Review 2019