homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


Subscriber content preview

June 25, 2019

Eldorado buys Caesars in deal valued at $17B

  • The purchase creates the largest gambling operator in the United States.
    • By REGINA GARCIA CANO
    Associated Press

    A casino juggernaut was formed Monday when Eldorado Resorts announced it is buying Caesars in a cash-and-stock deal valued at $17.3 billion.

    The acquisition will put about 60 casino-resorts in 16 states under a single name, Caesars, creating the largest gambling operator in the United States. The deal — following pressure from activist investor Carl Icahn — is targeted to close in the first half of 2020 if approved by gambling regulators and shareholders.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.