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Nevada Gaming Board Backs Caesars’ Takeover by Eldorado

 |  July 8, 2020

The Nevada Gaming Control Board recommended that the state approve the planned takeover of Caesars Entertainment Corp. by Eldorado Resorts Inc. — a big step forward for the multibillion-dollar casino merger.

The deal now goes before the Nevada Gaming Commission, which is also meeting Wednesday.

The merger,announced in June of last year, would make Eldorado the largest operator of casinos in the US, including marquee resorts such as Caesars Palace and Paris in Las Vegas. It’s a giant leap for the company, which until recently was a small, family-run casino business headquartered in Reno, Nevada.

The FTC accepted a proposed consent order, which concluded the FTC’s review of Eldorado’s pending merger with Caesars Entertainment in June.

Full Content: Bloomberg

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