When the deal goes through, the combined company will represent approximately 60 casino-resorts and gaming facilities in the United States. gaming market and will marry best-of-breed practices from both entities to ensure high levels of customer satisfaction and significant shareholder returns.' The combined entity will serve customers in essentially every major U.S. 'Together, we will have an extremely powerful suite of iconic gaming and entertainment brands, as well as valuable strategic alliances with industry leaders in sports betting and online gaming. gaming assets and is a strategically, financially and operationally compelling opportunity that brings immediate and long-term value to stakeholders of both companies,' Eldorado CEO Tom Reeg said in a statement. “Eldorado’s combination with Caesars will create the largest owner and operator of U.S. The deal is subject to approval of the stockholders of Eldorado and Caesars, the approval of applicable gaming authorities, the expiration of the applicable Hart-Scott-Rodino waiting period and other customary closing conditions.
The definitive merger agreement, already unanimously approved by both companies’ board of directors, is expected to be consummated in the first half of 2020. in a deal reflecting total consideration of approximately $17.3 billion. Eldorado Resorts will acquire all outstanding shares of Caesars Entertainment Corp.
