Eldorado Resorts has acquired Caesars Entertainment, resulting in a merger that creates the largest casino and entertainment conglomerate in the United States.
Eldorado Resorts disclosed their intention to purchase Caesars for $17.3 billion last June. This acquisition involved $7.2 billion in cash and approximately 77 million Eldorado shares.
The combination received approval from numerous regulatory bodies. The New Jersey Casino Control Commission was the final entity to grant its consent, paving the way for the transaction to proceed.
The newly formed entity, known as “Caesars Entertainment, Inc.,” boasts a portfolio of over 55 casino hotels spanning the globe.
A comprehensive account of the event is accessible on iGB North America.
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