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US: Caesars shareholders approve merger with Eldorado Resorts

 |  November 17, 2019

The merger between Caesars Entertainment and Reno-based Eldorado Resorts has the go-ahead from their respective shareholders, reported the Wall Street Journal.

Caesars and Eldorado held separate special meetings on Friday, November 15, in Las Vegas and Reno for its stockholders to vote on the pending deal.

Shareholders of about 87% of Eldorado stock voted in favor of the merger, while holders of 76% of Caesars stock gave their approval.

The merger, officially announced in June, is expected to be completed by the end of June next year, Caesars and Eldorado stated. The deal, valued at US$17.3 billion, is still pending regulatory approval.

Full Content: Wall Street Journal

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