Eldorado-Cesars merger creates largest casino company in U.S

Caesars Entertainment Inc. today announced the completion of the acquisition of Caesars Entertainment Inc. The deal creates the largest casino and entertainment company in the United States.

The deal further strengthens Caesars’ position as the leading regional and destination gaming operator in the United States. The combined company owns and operates more than 55 casino properties worldwide, including an iconic portfolio of eight casino hotel properties on the Las Vegas Strip. In addition, Caesars owns or operates casinos in 16 states in the United States, including Nevada, Colorado, Missouri, Iowa, Florida, Mississippi, Louisiana, Ohio, Illinois, Indiana, New Jersey, Pennsylvania, Arizona, North Carolina, California, and Maryland.

“We are thrilled to be the premier leader in gaming and hospitality by completing this innovative merger. We look forward to executing on numerous opportunities ahead to create value for all stakeholders,” said Tom League, CEO of Caesars Entertainment. “In addition, we are excited to welcome all of our team members to the combined company and look forward to executing any strategic initiatives that will position the company to continue growing.”

Combining the CEC with Eldorado will further cement the award-winning Caesars Rewards as the largest and most rewarding loyalty program in the industry with over 60 million members. This will benefit current and future Caesars Rewards members even more, giving them more ways to play and earn rewards credits and experience. The CEC is also known as a pioneer in the gaming industry for its long-standing commitment to corporate social responsibility. This includes a much greater emphasis on diversity and inclusion programs, and gender equality initiatives.

J.P. Morgan, Credit Suisse and Macquarie Capital served as financial advisers to Eldorado. Milbank LLP and Latham & Watkins LLP served as legal advisers to Eldorado. PJT Partners LP served as financial advisers to the CEC, while Skadden, Arps, Slate, Meager & Flom LLP served as legal advisers to the CEC. 바카라사이트 추천

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