The merger between Eldorado Resorts Inc. and Caesars Entertainment Corp. is official, creating the largest casino and gaming company in the United States.
The completion of the merger was announced by the new Ceasars Entertainment Inc. on Monday. The companies secured the final approval they needed on Friday after New Jersey regulators consented to the merger.
“We are pleased to have completed this transformative merger, thus making us the premier leader in gaming and hospitality,” said Tom Reeg, CEO of Caesars Entertainment, Inc., in a statement. “We look forward to executing on the numerous opportunities ahead to create value for all stakeholders.”
The merger further bolsters the regional presence of the combined companies, which now either own or operate gaming properties in 16 U.S. states, including Nevada, Colorado, Louisiana and New Jersey. The merged gaming entity, which keeps the Caesars name, counts 55 casino properties under its umbrella, which includes international properties as well.
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Source: Reno Gazette Journal – https://www.rgj.com/story/news/money/business/2020/07/20/eldorado-completes-caesars-merger-creates-largest-u-s-casino-company/5472813002/