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BankrollMob Forum » News » Eldorado and Caesars complete Merger Deal to become Largest Casino Owner in the World

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jul
27

Eldorado and Caesars complete Merger Deal to become Largest Casino Owner in the World

Tags: Caesars Entertainment, Eldorado Resorts, Indiana, Las Vegas, mergers
Posted on 27 July 2020 by "T".
Eldorado Resorts Inc. completed its $17.3 billion acquisition of Caesars Entertainment Corp. after overcoming a series of hurdles, including the worldwide pandemic, to become as the largest casino owner in the world. The New Jersey Casino Control Commission finally approved the merger after two days of hearings with Eldorado executives. An antitrust analyst assured the commission that the deal wi[...]   Read more » Eldorado and Caesars complete Merger Deal to become Largest Casino Owner in the World

  27-Jul-20, 11:32   #1
Eldorado and Caesars complete Merger Deal to become Largest Casino Owner in the World 0   
dule-vu 

Joined: May '09
Location: Croatia
Age: 35 (M)
Posts: 9336
you can imagine how big is this business when they will spend 17,3 billion on this transaction!so they will be largest casino owner in the world!you can see how big they were,when they payed in cash 7,2 billion dollars!just sick number in todays world!

     
  27-Jul-20, 15:38   #2
  0   
CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
Interesting situation regarding Indiana regulators who forced Eldorado & Caesars to sell three of five properties in Hoosier State. He did this as if they were owners of other people's buildings. Another detail is these billions that make this casino number 1 in the world.

     
  28-Jul-20, 14:28   #3
  0   
dule-vu 

Joined: May '09
Location: Croatia
Age: 35 (M)
Posts: 9336
In an agreement with New Jersey regulators, the officials of Eldorado assured regulators that the company would not close its three Atlantic City casinos for at least five years and it will spend $400 million improving facilities over the next three years, and reinvest 5% of annual revenue in the years after that.

     
  28-Jul-20, 15:52   #4
  0   
CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
These contracts have many stipulations... because there it is not easy at all, when you negotiate. Moreover, when the state puts its tail over your business, you have to do as they do. However, both sides are satisfied because was nice for both.


     
  9-Aug-20, 03:58   #5
  0   
antonis321 

Joined: Dec '14
Location: Greece
Age: 37 (M)
Posts: 731
WoW , $17.3 billion for the acquisition , that's crazy money for sure ,they spend a lot to make this merge real , and this decision and agreement was approved by the authorities , so now there is this casjono giant , the new Ceasars company . They have many casinos , they are for sure a huge player in the market . I want to believe this is good not only for the players of these Caesar's casinos , but for their employeed as well . Good luck for their businesses in this new era Smile

     
  9-Aug-20, 09:38   #6
  0   
CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
Crazy money, but recoverable in a few years, because this industry brings a lot of money. The richest casino owner has over $ 30 billion in wealth. I consider that one who bought has a lot to gain, especially now that he no longer has this rival in competition,

     
  9-Aug-20, 13:29   #7
  0   
dule-vu 

Joined: May '09
Location: Croatia
Age: 35 (M)
Posts: 9336
I know that every year more and more money come in this industry and that money have bigger value,then its had 10 or 15 years ago,but still when you read about something like this,its crazy how people know that even if they spend this money,they will back it very soon and will earn much more!

     
BankrollMob Forum » News » Eldorado and Caesars complete Merger Deal to become Largest Casino Owner in the World

 
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