Eldorado Resorts is strongly considering the sale of a Las Vegas Strip casino after finishing its acquisition of Caesars Entertainment next year, the Wall Street Journal reported.
Reno, Nevada-based Eldorado and Caesars Entertainment have stated the US$8.58 billion acquisition deal will close in the first half of 2020. On Tuesday, August 6, Eldorado Chief Executive Thomas Reeg told analysts that he expects to complete the acquisition closer to the beginning of that window than the end, adding that any sale of a Strip property won’t be announced before then. Mr. Reeg didn’t say which casinos are being considered. Caesars has a big presence on the Strip, including Caesars Palace, Harrah’s, and Planet Hollywood, among others.
Eldorado Resorts operates casinos in Reno, Atlantic City, New Jersey, and smaller markets in Colorado, Mississippi, Missouri, Louisiana, and other states. The combined entity would be the largest casino company in the US, operating under the Caesars name with about 60 casinos in 16 states.
Full Content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Dollar Tree to Sell Family Dollar for $1 Billion, Ending Struggling Merger
Mar 26, 2025 by
CPI
Meta Platforms Defends Use of Authors’ Works in AI Training in US Court
Mar 26, 2025 by
CPI
EU Pressed Meta to Address Antitrust Concerns Over Facebook Marketplace
Mar 26, 2025 by
CPI
UBS, Nomura, and UniCredit Fail to Overturn EU Antitrust Fines in Bond Trading Cartel Case
Mar 26, 2025 by
CPI
Coca-Cola Among Firms Targeted in EU Antitrust Raids
Mar 26, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mobile Ecosystems
Mar 24, 2025 by
CPI
Mobile Ecosystems: An Intellectual Entelechy but A Necessary Model
Mar 24, 2025 by
Alba Ribera Martinez
Creating Contestability and Fairness in Mobile Ecosystems: The Contribution of the DMA
Mar 24, 2025 by
Damien Geradin & Daniel Mandrescu
Digital Ecosystems and the Not (Yet) As Efficient Competitor Principle
Mar 24, 2025 by
Thomas Hoppner & Philipp Westerhoff
Assessing the Competition Law Scrutiny of Smart Wearables and Mobile AR/VR Devices
Mar 24, 2025 by
Kayvan Hazemi-Jebelli