Eldorado Resorts’ acquisition of larger Caesars Entertainment Corp., announced Monday, would form an industry giant with 60 domestic casino–resorts and gaming facilities across 16 states. The companies said the buyout would close next year. The deal is expected to bring major changes to the Strip — where the merged company may try to sell properties; and the deal is expected to raise questions about sports betting, regulatory issues, and the company’s possible future in Japan.
Caesars Entertainment being acquired by Eldorado Resorts in a $17.3B deal. The merged company will retain the Caesars name. Eldorado Resorts, a fast-growing regional casino operator whose lone Southern Nevada property had been the Tropicana Laughlin, is positioned to acquire the larger Caesars Entertainment, owner of 53 properties in 14 states and five countries outside the U.S. Eldorado, which has 26 properties in 12 states, has long been considered a suitor for Caesars, operators of nine Las Vegas resorts, since billionaire investor Carl Icahn took a controlling interest of Caesars’ board of directors.
Dion sang “Somewhere Over the Rainbow” during those closing moments, kneeling and holding her right hand up at the images of her alongside Angelil. Dion’s sons, 18-year-old Rene-Charles and 8-year-old twins Nelson and Eddy, then trooped out to present their legendary mom with two bouquets of red roses — and a separate, single white rose.
Video courtesy: CDA Productions, Inc./ Caesars Entertainment
Hear from Celine Dion about her 16 years on the Las Vegas Strip and what the future has in store for her. Video courtesy Caesars Entertainment.
Hear from Celine Dion about her 16 years on the Las Vegas Strip and what the future has in store for her. (Caesars Entertainment)
Las Vegas Morning Update – Thursday, June 7
Caesars will manage a non-gaming beachfront resort in Mexico. The 500-room Caesars Palace in Puerto Los Cabos will feature a 40,000-square foot convention center, a full service spa, three restaurants, pools and amenities for sports and entertainment. Mexican developer Grupo Questro will break ground on the $200 million resort in the first half of next year. The deal with Grupo Questro comes on the heals of a similar agreement signed last week by Caesars to manage two luxury, non-gaming hotels and a beach club in Dubai.
Todd Dewey, Kelly Stewart and Alan Berg go over their picks for week 8 of college football.
Todd Dewey, Kelly Stewart and Alan Berg go over their picks for NFL week 7.