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Eldorado buying Caesars in deal valued at $17B

Posted: Mon Jun 24, 2019 11:51 am
by OTABILL
Deal has been completed. It will be interesting to see what transpires in the future. Company will retain Caeser's name.

https://lasvegassun.com/news/2019/jun/2 ... ed-at-17b/

Re: Eldorado buying Caesars in deal valued at $17B

Posted: Mon Jun 24, 2019 11:55 am
by doris13
i read it still has to be approved so we shall see.

Re: Eldorado buying Caesars in deal valued at $17B

Posted: Mon Jun 24, 2019 11:58 am
by OTABILL
OTABILL wrote: ↑
Mon Jun 24, 2019 11:51 am
Deal has been completed. It will be interesting to see what transpires in the future. Company will retain Caeser's name.

https://lasvegassun.com/news/2019/jun/2 ... ed-at-17b/
Here is another article which mentions Caesar's rewards progam.

https://www.travelweekly.com/Travel-New ... ertainment

Re: Eldorado buying Caesars in deal valued at $17B

Posted: Mon Jun 24, 2019 12:16 pm
by OTABILL
doris13 wrote: ↑
Mon Jun 24, 2019 11:55 am
i read it still has to be approved so we shall see.
True. The merger needs approval of Caesar's and Eldorado's shareholders. In addition, gaming and trade regulators also need to approve. Assuming everyone agrees, the merger is expected to be final in the first half of 2020.

Re: Eldorado buying Caesars in deal valued at $17B

Posted: Sat Jul 20, 2019 4:42 am
by FAA
I’m not even staying Platinum. AC competition is really blowing their comps away.