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Eldorado Resorts agrees $17.3bn merger with Caesars Entertainment

24th June 2019 12:29 pm GMT
Caesars Entertainment

New York-listed casino operator Eldorado Resorts has entered into a definitive merger agreement with rival Caesars Entertainment Corporation in a $17.3bn cash and stock deal which brings together two of the largest casino operators in the US.

The proposed transaction will see the enlarged company operate 60 domestic casino resorts and gaming facilities across 16 states.

Eldorado will acquire all of the outstanding shares of Caesars for a total value of $12.75 per share, consisting of $8.40 [...]

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