Eldorado Resorts has successfully acquired Caesars Entertainment and combined forces with them. This makes them the largest gambling and entertainment conglomerate in the entire United States.
Eldorado Resorts declared last June that they would purchase Caesars for $17.3 billion. This comprised $7.2 billion in cash and roughly 77 million shares of Eldorado stock.
Numerous regulatory bodies had to give their approval before the transaction could be finalized. The final one was the New Jersey Casino Control Commission.
The newly formed entity will be known as “Caesars Entertainment, Inc.” and will control over 55 casinos across the globe.
You can find more information about this on the iGB North America website.
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