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Caesars deal turns underdog Eldorado Resorts into a casino powerhouse

In the casino business, the minnow is swallowing the whale. Eldorado Resorts Inc.’s $8.58-billion acquisition of Caesars Entertainment Corp. means an underdog from Reno — a town long in the shadow of Las Vegas — will become the largest owner of casinos in the United States.

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5/22/2020

article Caesars Entertainment: Caesars Palace, Flamingo Las Vegas reopening first
(Las Vegas) -- When will tourists get to stroll the Strip in search of new slots, high-end shops and fancy food stops? Caesars Entertainment, operator of nine properties...
article Caesars continues to grow its portfolio as it breaks into new territories
(Indiana) -- The Hoosier State has a new sports gambling player. Caesars Entertainment has launched an online sportsbook in Indiana as it continues to work on building...

5/19/2020

article Casino giant Caesars’ challenges go far beyond coronavirus and social distancing
(Wall Street) -- Caesars’ (CZR) mountains of debt raises uncertainty about the casino giant’s pending merger with Eldorado (ERI) amid the pandemic, says Dan...

5/18/2020

article Caesars wins bid in Danville casino project
(Virginia) -- After taking bids from several companies, Danville officials announced Monday that the city is in negotiations with Caesars Entertainment to be the...

5/17/2020

article Coronavirus pandemic: How iconic Las Vegas casino Caesars Palace plans to conquer COVID-19
(Las Vegas) -- At the heart of a nearly vacant Las Vegas Strip, Caesar's iconic palace stands empty. The hotel's doors are locked for the first time in its...

5/15/2020

article How Caesar's Palace in Las Vegas plans to conquer COVID-19
(Las Vegas) -- At the heart of a nearly vacant Las Vegas Strip, Caesar's iconic palace stands empty. The hotel's doors are locked for the first time in its...

5/12/2020

article Caesars Palace Will Debut First When the State Allows Casinos to Reopen
(Nevada) -- While casino operators in Nevada await a date to reopen, Caesars Entertainment announced that when they can reopen, Caesars Palace and one other casino on...
article Eldorado CEO: gaming industry to come back strong
(Las Vegas) -- Eldorado Resorts’ CEO is convinced the gaming industry’s post-COVID-19 revival will surpass expectations. “I think you’re going to...
article Shut casinos hit Caesars as COVID-19 puts gambling industry in survival mode
(Wall Street) -- Caesars Entertainment Corp (CZR.O) missed quarterly revenue estimates on Monday as it shuttered its casinos amid nationwide lockdowns to contain the...
article Positive merger update lifts Caesars, Eldorado Resorts
(Wall Street) -- Eldorado Resorts (NASDAQ:ERI) and Caesars Entertainment (NASDAQ:CZR) are higher in early trading after both casino companies reported earnings yesterday...

5/11/2020

article Caesars CEO: Caesars Palace in Las Vegas could open first; company to reopen in phases
(Las Vegas) -- Caesars Entertainment said it will reopen its U.S. properties in phases in line with local response to the COVID-19 pandemic. Of its properties, Caesars...
article Casino operator Caesars posts 13.6% drop in revenue on pandemic woes
(Las Vegas) -- Caesars Entertainment Corp (CZR.O) posted a 13.6% fall in quarterly revenue on Monday, as the coronavirus-led lockdowns resulted in shutdown of some its...
article Shut casinos hit Caesars as COVID-19 puts gambling industry in survival mode
(Wall Street) -- The gambling industry, which counts on air travel and large groups of people in close proximity, is one of the hardest hit from the restrictions imposed...
press release Caesars Entertainment Provides Update on Plan to Reopen Properties
(Las Vegas) -- Caesars Entertainment Corporation ("Caesars", "Caesars Entertainment" or the "Company") (NASDAQ: CZR) today announced that...

5/6/2020

article BLOG: Caesars Rewards Offers Pandemic Concessions
(Las Vegas) -- Three weeks after competitor Mlife made program changes, Caesars Rewards offers pandemic concessions too. The two offers are quite a bit different from...

5/4/2020

article FCA's Windsor Assembly Plant, Caesars Windsor reopening uncertain says union president
(Ontario) -- The future of two of Windsor's largest workplaces is still up in the air. Both Caesars Windsor and FCA's Windsor Assembly Plant have been closed...
article Reality show (of strength): VICI Properties takes coronavirus as it comes
(Wall Street) -- Edward Pitoniak kept it real during VICI Properties’ first-quarter earnings call Friday. The real estate investment trust’s CEO told...

5/1/2020

article Caesars Palace landlord reports 19% revenue increase
(Las Vegas) -- Some in the gaming industry are still seeing strong revenue results amid the COVID-19 pandemic. Caesars Entertainment Corp.-affiliated real estate...

4/27/2020

article Twin River Buying Casinos In New Jersey, Nevada, Louisiana
(Wall Street) -- A casino company in the smallest state is pulling off one of the biggest deals of the year in the gambling industry, buying casinos in Atlantic City,...
article Twin River Worldwide will buy three casinos for $180 million
(Wall Street) -- Twin River Worldwide will pay $180 million to buy a pair of casinos from Eldorado Resorts and one from Caesars Entertainment, as Eldorado inches closer...

4/26/2020

article Caesars Entertainment Sets up Employee Assistance Program
(Nevada) -- Caesers Entertainment Corp. has announced a new COVID-19 relief program designed to assist furloughed employees. The employee assistance program is funded by...

4/25/2020

article Caesars Entertainment and VICI Properties to sell Atlantic City Hotel & Casino
(Atlantic City) -- Leading American gaming firm Caesars Entertainment and VICI Properties announced selling the Bally’s Atlantic City Hotel & Casino to Twin...

4/24/2020

article Casino Fire Sale Rages, With Bally’s Fetching Just $25 Million
(Wall Street) -- Caesars Entertainment Corp. and Eldorado Resorts Inc., inching closer to completing their multibillion-dollar merger, announced a trio of casino sales...
article Eldorado, Caesars close steep ‘haircut’ deals to keep merger on track
(USA) -- Eldorado Resorts Inc. and Caesars Entertainment Corp. announced planned transactions Friday that will clear a path toward their merger by the end of June. In...
article Twin River buying casinos in New Jersey, Nevada, Louisiana
(USA) -- A casino company in the smallest state is pulling off one of the biggest deals of the year in the gambling industry, buying casinos in Atlantic City, New Jersey...

4/15/2020

article Harris, Former NGCB Chair, Bets Regulators Will Approve Eldorado Caesars Takeover
(Nevada) -- Former Nevada Gaming Control Board Chairwoman Becky Harris believes regulators will sign off on Eldorado Resorts Inc.’s (NASDAQ:ERI) $17.3 billion...

4/8/2020

article Caesars Fined Record £13 Million By UK Gambling Commission
(UK) -- The United Kingdom Gambling Commission (UKGC) has issued yet another record-breaking fine, this one to Caesars Entertainment. The country’s regulator...

4/6/2020

article Caesars CEO: Company had best 2 months before coronavirus impact
(Las Vegas) -- Caesars Entertainment Corp. had possibly its best two months in the history of the company in January and February, according to CEO Tony Rodio. Then...

4/3/2020

article Eldorado ‘Ultimate Risk/Reward’ Story Among Gaming Stocks, Could More Than Triple, Says Analyst
(Wall Street) -- Few gaming stocks have been bludgeoned as badly this year as has Eldorado Resorts, Inc. (NASDAQ:ERI), but even with all domestic casinos still closed,...
article Fitch Affirms NJ Casino Reinvest Dev Auth Lux Tax Revs at 'BBB+'; Outlook Rvsd to Negative
(Worldwide) -- Fitch Ratings has affirmed the rating on approximately $220 million of Casino Reinvestment Development Authority, New Jersey (CRDA or the authority)...

4/2/2020

article Caesars Entertainment furloughs 90% of its American workforce
(USA) -- About 90% of Caesars Entertainment’s workforce in the United States has been furloughed due to the coronavirus pandemic and the economic slowdown caused...
article Caesars Entertainment in U.K. Is Fined for Allowing Problem Gamblers to Keep Betting
(UK) -- Britain’s gambling authorities have ordered Caesars Entertainment to pay a record fine of $16 million for failing to prevent money laundering and for...
article Caesars Execs Receive $535K in Stock Awards, Compensation Greatly Reduced by Pandemic
(Wall Street) -- Caesars Entertainment paid out on annual stock awards to several executives this week. But the value of the compensation was much lower due to the...

4/1/2020

article Caesars Entertainment fined amid crackdown on gambling addiction
(UK) -- Caesars Entertainment, the UK arm of the US casino company, has been fined £13m after an investigation into its failure to prevent addicted gamblers losing...
article Eldorado Hedge Fund Supporters Stuck Around in Q4, Some Got Burned in Q1
(Wall Street) -- Eldorado Resorts, Inc. (NASDAQ:ERI) stock remained a hedge fund favorite in the fourth quarter, possibility scorching some of those professional...

3/31/2020

article Caesars executives acquire shares of company
(Wall Street) -- Eight executives of Caesars Entertainment Corp. have received thousands of dollars of company stock as part of an annual vesting event that was a part...
article Caesars-Eldorado merger moving forward
(Las Vegas) -- The coronavirus outbreak has delayed the $17.3 billion deal between casino companies Caesars Entertainment and Eldorado Resorts, but the deal is moving...

3/27/2020

article Delay in Caesars-Eldorado merger could mean deal totally craps out
(Wall Street) -- Casino regulators are putting the industry’s biggest gaming merger on the back burner due to the coronavirus — raising the odds that the...
article Four days before closing casinos, Caesars gave notice that 3,200 workers would be cut
(Las Vegas) -- Four days before closing nine hotel-casinos along the Las Vegas Strip to slow the spread of COVID-19, Caesars Entertainment notified state officials that...

3/26/2020

press release Caesars Entertainment Donates More Than 250,000 Pounds of Food And Thousands of Personal Protection Supplies Across the United States
(Las Vegas) -- Caesars Entertainment, one of the world's most diversified gaming and entertainment companies, remains committed to helping nearby communities in this...

3/25/2020

article LIGHTS OUT: A look inside Caesars Palace, as it waits to reopen
(Las Vegas) -- In its 53 years, 7 months and 21 days of operation, I’ve never seen Caesars Palace empty and quiet. I had come here this Wednesday to meet the...
article As Caesars Deal Lingers, Buyer Faces $2.3 Million a Day in Fees
(Wall Street) -- Eldorado Resorts Inc. must start paying Caesars Entertainment Corp. almost $2.3 million a day in so-called ticking fees after failing to meet a deadline...

3/24/2020

article Carl Icahn’s $5B bet against shopping malls gets boost from coronavirus
(Wall Street) -- Carl Icahn is betting big against shopping malls — to the tune of $5 billion, The Post has learned. Since last summer, the 84-year-old investor...

3/19/2020

article Coronavirus Complicates $17.3 Billion Eldorado, Caesars Merger
(Las Vegas) -- To protect its merger with Eldorado Resorts, Caesars Entertainment was among the last casino companies to close during the coronavirus outbreak.

3/15/2020

article Caesars begins layoffs during coronavirus crisis
(Las Vegas) -- Documentation obtained by the Review-Journal shows Caesars Entertainment Corp. has begun laying off employees amid reduced travel demand from the...

3/11/2020

article Eldorado’s acquisition of Caesars may be in trouble due to coronavirus
(Las Vegas) -- The casino industry’s largest merger of the year is becoming a game of dice, thanks to coronavirus. Early last summer, a fast-growing casino empire...
article Caesars Entertainment launches mobile sports betting in Pennsylvania
(Pennsylvania) -- At 3 p.m. yesterday, Caesars Entertainment started taking mobile sports bets in Pennsylvania. It’s a soft launch with limited hours to satisfy a...

3/9/2020

article Eldorado president sees ‘tremendous opportunity for growth’ at Hoosier Park
(Indiana) -- Harrah’s Hoosier Park Racing & Casino will retain its name and branding after the purchase of its parent company, Caesars Entertainment, is...
article Eldorado president sees ‘tremendous opportunity for growth’ at Hoosier Park
(Indiana) -- Harrah’s Hoosier Park Racing & Casino will retain its name and branding after the purchase of its parent company, Caesars Entertainment, is...

2/29/2020

article Maryland Becomes The Next State To Approve Eldorado-Caesars Merger
(Maryland) -- The $17.3 billion merger deal between Eldorado Resorts and Caesars Entertainment that is expected to create the largest casino operator in the U.S. is...

2/28/2020

article Caesars Entertainment Jacks Up Resort Fees After Reporting $1.2B Loss in 2019
(Las Vegas) -- The fees dreaded by customers will see higher rates at The Linq, Harrah’s, Flamingo, and Bally’s. All four resorts are upping the nightly add-...
article Resort fees going up at 4 hotels on Las Vegas Strip
(Las Vegas) -- Resort fees going up again at 4 properties in Las Vegas. Fees will be increasing at Bally's Las Vegas, Flamingo Las Vegas, The LINQ hotel-caisno and...
article Grand opening celebration for Caesars Forum set for March 18
(Las Vegas) -- A grand opening celebration for the $375 million, 550,000-square-foot Caesars Forum conference center is set for March 18. The venue will be the site...

2/27/2020

article Maryland regulatory body OKs Caesars-Eldorado deal
(Maryland) -- One day after Eldorado Resorts CEO Tom Reeg told investors that he can “see the finish line” on the company’s $17.3 billion acquisition...

2/26/2020

article Why Eldorado Resorts Shares Plunged 11.8% on Tuesday
(Wall Street) -- Shares of casino company Eldorado Resorts (NASDAQ:ERI) fell as much as 11.8% in trading Tuesday as coronavirus concerns hit the casino industry. Shares...

2/24/2020

article Eldorado hiring more than 100 new workers for The Row; Harrah’s Reno employees can apply
(Nevada) -- Eldorado Resorts is looking to hire more than a hundred new employees across its three downtown Reno hotel-casinos. The company will hold a job fair from 10...

2/20/2020

article Eldorado CEO Weighs Deals for Leaner Caesars Ahead of Merger
(Nevada) -- Although his acquisition of Caesars Entertainment Corp. has yet to close, Eldorado Resorts Inc.’s Tom Reeg has already made his presence felt at the...
article Eldorado Rumored to be Mulling Sales of Caesars Colosseum, Conference Center For Post-Deal Cash
(Las Vegas) -- Eldorado Resorts, Inc. is on a quest to raise cash and trim expenses leading up to and following the completion of its $17.3 billion takeover of Caesars...
article Mississippi gives Eldorado OK on Caesars acquisition
(Mississippi) -- On Thursday, the Mississippi Gaming Commission granted Eldorado Resorts the OK to move forward with its acquisition of Caesars Entertainment Corp. The...

2/18/2020

article New Jersey approval of Caesars-Eldorado deal still pending
(Atlantic City) -- Five state regulatory bodies have already approved the merger of Caesars Entertainment Corp. and Eldorado Resorts Inc., with New Jersey still...

2/12/2020

article Eldorado Resorts Secures Approval From Pennsylvania Gaming Control Board in Connection With Its Pending Acquisition of Caesars Entertainment
(Nevada) -- Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced that at a meeting today, the Company received approval from the Pennsylvania...

2/11/2020

article Kindred's Unibet Brand Finds US Market Path Through Caesars
(USA) -- Kindred Group has secured access to its third and fourth US states through a new agreement with Caesars Entertainment. The 10-year market access deal will see...

2/3/2020

article Famous Lake Tahoe casino gets ready for a makeover
(Reno) -- Caesars Entertainment might be ready to give up its portfolio to Eldorado Resorts, but this doesn’t mean that it wants certain properties to be neglected.

1/30/2020

article Eldorado Garners Another Batch of Regulatory Approvals For $17.3 Billion Caesars Takeover
(Las Vegas) -- Eldorado Resorts, Inc. (NASDAQ:ERI) is aiming to wrap up its $17.3 billion purchase of Caesars Entertainment Corp. (NASDAQ:CZR) in the first half of this...

1/29/2020

article Caesars Entertainment Corporation investing in Atlantic City
(Atlantic City) -- Caesars Entertainment Corporation has reportedly agreed to spend an undisclosed amount of cash in order to buy back a shopping and entertainment pier...

1/22/2020

article OP/ED: Post Merger Challenges And Opportunities Pose A Big Bet In The U.S. Casino Space
(Wall Street) -- "How do you make money? Spin offs, split-ups, liquidations, mergers and acquisitions….” Mario Gabelli From the above quote it would...

1/16/2020

article Eldorado Resorts Wins Louisiana Regulatory Approval for $17.3 Billion Caesars Takeover
(Louisiana) -- Eldorado Resorts, Inc. (NASDAQ:ERI) said Thursday it won regulatory approval from the Louisiana Gaming Control Board (LGCB) to proceed with its $17.3...

1/15/2020

article Vici Properties Close to Selling Iconic Caesars-Operated Harrah’s Reno, Will Become Non-Gaming Venue
(Reno) -- Vici Properties (NYSE:VICI), owner of the real estate assets of Harrah’s Reno, is reportedly close to selling that venue to Reno City Center LLC, which...
article Indiana Gaming Update: New Casino Already Bearing Fruit for Caesars
(Indiana) -- The December monthly revenue report from the Indiana Gaming Commission (IGC) showed that the state’s newest land-based casino is already starting to...

1/14/2020

article Sources: Historic Harrah’s Reno to be sold and converted into a non-gaming entity
(Nevada) -- Harrah’s Reno, one of the Nevada gaming industry’s historic landmarks, will be sold by real estate investment trust VICI Properties and converted...

1/8/2020

article Nevada regulators OK Icahn's 17.55% stake in Caesars Entertainment
(Nevada) -- The Nevada Gaming Control Board waived the appearance of Carl Icahn Wednesday in Carson City when regulators took up the corporate raider’s suitability...

1/2/2020

article Eldorado agrees Caesars deal
(Las Vegas) -- Eldorado Resorts has agreed to buy its larger rival Caesars Entertainment for about $8.58bn in cash and stock, a move that would create the largest US...

12/27/2019

article A Man Is Suing An Ontario Casino For Almost $1M Because They Allowed Him To Lose
(Ontario) -- After losing thousands of dollars, a man is suing Caesars Windsor because the Ontario casino allegedly allowed him to gamble and lose. The gambler,...
article Caesars casino in Canada sued by compulsive gambler for failing to stop him
(Ontario) -- A very unlucky gambler is suing a casino in Canada after losing $260,000 during two visits, saying he should have never been allowed to place wagers in the...

12/26/2019

article Caesars Windsor being sued for allowing gambler to lose at gambling
(Ontario) -- Distraught at having gambled away his money, Tarwinder Shokar stepped out of Casino Brantford and threw himself in front of a truck, wanting to end it all....
article Gambler Sues Caesars Windsor, Claims Casino Should Have Stopped Him
(Ontario) -- Caesars Windsor in Ontario, Canada, has been accused in a lawsuit of allowing a gambler to play when they should have identified him as a problem gambler....

12/13/2019

article Caesars Southern Indiana casino and sportsbook opens for business
(Indiana) -- The new $90m Caesars Southern Indiana casino has officially opened this week, replacing the 21-year-old riverboat casino that operated as Horseshoe Southern...
press release $90 Million Caesars Southern Indiana Casino Now Open to the Public
(Indiana) -- Officials with Caesars Southern Indiana today celebrated the grand opening of the new $90 million land-based casino – part of the internationally-...

12/12/2019

article $90 million Caesars Southern Indiana casino officially open
(Indiana) -- Caesars Southern Indiana celebrated their grand opening of the new $90 million land-based casino which is part of the internationally-known Caesars gaming...
article Caesars debuts new $90 million land-based casino in Southern Indiana
(Indiana) -- Las Vegas gambling giant Caesars Entertainment unveiled its new $90 million land-based casino Thursday in Harrison County, Indiana, marking a new era as the...
article Caesars Southern Indiana's new $90 million casino opens for business
(Indiana) -- Caesars Southern Indiana's new $90 million casino is open for business. New games, modern amenities and a sports book highlight the new land-based...
article No more boat: New land-based casino now open in southern Indiana
(Indiana) -- This week, gamblers said goodbye to Horseshoe Southern Indiana's 21-year-old riverboat. But on Thursday, a new $90 million land-based casino takes its...
article IMAGES | Caesars Southern Indiana's new $90 million casino opens for business
(Indiana) -- Hundreds of people streamed into the new, $90 million land-based Caesars Southern Indiana casino on Thursday, saddling up to blackjack tables, slot machines...
article Look inside the new Caesars' Casino in Southern Indiana
(Indiana) -- Caesars Southern Indiana officially opened its new $90 million dollar land-based casino on Thursday after 21 years of being a riverboat operation.

12/9/2019

article Caesars completes $516.3 million sale of Rio hotel in Las Vegas
(Las Vegas) -- Caesars Entertainment Corp. says it has completed the $516.3 million sale of its Rio All-Suite Hotel & Casino in Las Vegas. The company said Friday it...
article Riverboat closes as Caesar's prepares to open state-of-the-art casino Dec. 12
(Indiana) -- It's out with the old and in with the new at southern Indiana's casino. The Glory of Rome riverboat closed for good before dawn Monday, making way...

12/6/2019

article Caesars completes $516.3 million sale of Rio hotel in Vegas
(Las Vegas) -- Caesars Entertainment Corp. says it has completed the $516.3 million sale of its Rio All-Suite Hotel & Casino in Las Vegas. The company said Friday it...

12/4/2019

press release Eldorado Resorts Secures Approval From Missouri Gaming Commission in Connection With Its Pending Acquisition of Caesars Entertainment
(Nevada) -- Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced that at a meeting today, the Company received approval...

12/2/2019

article World's largest gambling riverboat has a farewell party, rebranded Caesars casino readies to open
(Indiana) -- Several people turned out for the ‘Bon Voyage Party’ on Saturday night, which recognized Horseshoe Southern Indiana’s history as a...
article Eldorado Resorts Stock Draws a Crowd of Hedge Funds as Completion of Caesars Acquisition Looms
(Wall Street) -- Shares of Eldorado Resorts, Inc.’s stock tumbled late in the second quarter after the regional gaming company announced a $17.3 billion takeover...

11/27/2019

article Caesars Already Trimming Corporate Headcount in Advance of Eldorado Resorts Deal Being Completed
(Las Vegas) -- A key element in Eldorado Resorts, Inc.’s $17.3 billion takeover of Caesars Entertainment Corp. is the acquirer’s ability to find at least $...

11/24/2019

article What's next for Caesars, Eldorado merger now that shareholders have approved deal?
(Atlantic City) -- The multibillion-dollar merger of Eldorado Resorts Inc. and Caesars Entertainment Corp. was approved by shareholders of both companies last week,...

11/19/2019

article Eldorado has its work cut out dezombifying a zombie
(Wall Street) -- According to the Bank of International Settlements (BIS), the official definition of a zombie company is a publicly traded firm that’s 10 years or...
article VIDEO: Eldorado CEO on why the company is merging with Caesars
(Las Vegas) -- Shareholders voted last week in favor of a merger between Caesars and Eldorado, which will create the nation's biggest domestic casino company....

11/18/2019

article IOC says no changes expected in Boonville after owner buys Caesars
(Missouri) -- Shareholders paved the way on Friday for Eldorado Resorts to purchase Las Vegas staple Caesars Entertainment, but Eldorado-owned Isle of Capri-Boonville...

11/15/2019

article Caesars Entertainment-Eldorado Resorts Merger Gets Shareholder Approval
(Wall Street) -- Shareholders of Eldorado Resorts Inc. and Caesars Entertainment Corp. approved an $8.58 billion cash-and-stock merger that would create the largest...
article Eldorado, Caesars shareholders approve $17.3B merger; states and FTC sign-offs next up
(Las Vegas) -- Shareholders from Eldorado Resorts and Caesars Entertainment on Friday overwhelmingly voted in favor of the gaming companies’ $17.3 billion merger,...

11/6/2019

article Caesars Sees Revenue Growth in Q3 Ahead of Merger
(Las Vegas) -- Caesars Entertainment Corporation reported a 2.3% increase in revenue to $2.24 billion in the third quarter of 2019 ahead of its merger with Eldorado...

10/14/2019

article Eldorado/Caesars merger could hinge on a point
(Las Vegas) -- The merger between Eldorado Resorts and Caesars Entertainment Corp. is almost completely guaranteed to take place, unless regulators jump in at the last...

10/12/2019

article Caesars, Eldorado shareholders to meet Nov. 15 on merger plan
(Las Vegas) -- Shareholders for Caesars Entertainment Corp. and Eldorado Resorts Inc. will vote Nov. 15 on the planned $17.3 billion merger of the two companies,...

10/7/2019

article Eldorado to take on five tribal casino management contracts following Caesars merger
(Nevada) -- While Eldorado Resorts has raised the possibility of selling off one of Caesars’ Strip properties when the companies’ merger concludes next year...

10/2/2019

article Gaming regulators approve Caesars' Atlantic City president pick
(Atlantic City) -- State gaming regulators approved Caesars Entertainment Corp.'s choice for regional president who will oversee the gaming company's three...

9/30/2019

article Caesars names new regional president for Atlantic City casinos
(Atlantic City) -- Caesars Entertainment Corp. has selected a regional president for its three Atlantic City casinos, and state gaming regulators may consider approval...

9/25/2019

article Caesars Sells Rio, Will Continue to Operate Vegas Resort
(Las Vegas) -- Caesars Entertainment continues to move toward a more asset-light strategy, as the gaming giant has agreed to sell the Rio All-Suite Hotel & Casino to...

9/23/2019

article Caesars begins Las Vegas fire sale with US$516 million Rio deal, retains World Series of Poker
(Las Vegas) -- Caesars Entertainment Corp has offloaded its first Las Vegas property since announcing its impending US$17.8 billion merger with Eldorado Resorts,...
press release Wyndham Destinations and Caesars Entertainment Extend Marketing Partnership to 2030
(Las Vegas) -- Wyndham Destinations (WYND), the world's largest vacation ownership and exchange company, and Caesars Entertainment Corporation (CZR), one of the...

9/21/2019

article Eldorado to inherit five Indian casino management deals in $17.3B Caesars merger
(USA) -- When Eldorado Resorts’ $17.3 billion merger with Caesars Entertainment closes next year, the Reno-based casino giant will go from having zero tribal...

9/19/2019

press release Caesars Entertainment Donates $1M To NCRG
(Las Vegas) -- Casino and entertainment group Caesars Entertainment is celebrating 30 years of unwavering commitment to responsible gambling and the protection of the...

9/17/2019

article Caesars marks anniversary with $1m
(Las Vegas) -- Marking 30 years of responsible gaming in the best possible way, Caesars Entertainment has pledged US$1m to further advance the industry’s efforts...

9/16/2019

press release Caesars Entertainment celebrates 30 years of responsible gaming
(Las Vegas) -- Caesars Entertainment Corporation, one of the world's most diversified gaming and entertainment companies, today honors the 30th anniversary of its...

9/13/2019

article World traveler Blackhurst understands Eldorado’s domestic goals
(Las Vegas) -- Jan Jones Blackhurst will miss a lot about working as an executive for Caesars Entertainment Corp., but standing in line at foreign airports waiting to...

9/12/2019

article Companies Emerging From Bankruptcy Lean Into IT
(Wall Street) -- Technology leaders are playing a bigger role in helping companies bounce back after a bankruptcy. Many are brought in as bankruptcy proceedings wind...

9/6/2019

article Caesars runs sports betting operations in seven states
(Las Vegas) -- Caesars Entertainment has reported that just over a year after the legalisation of sports betting in the US, it has successfully launched its sports...

9/3/2019

press release Caesars Entertainment Running Sports Betting in Seven States, 16 Months After Supreme Court Ruling
(USA) -- Caesars Entertainment (CZR), one of the world's most diversified casino-entertainment providers, reports that just over a year after the U.S. Supreme Court's...

8/26/2019

article Jan Jones Blackhurst: Caesars is winning with diversity
(Spain) -- Diversity isn’t just a buzz word or a new age hiring fad, it’s a proven winning strategy in hiring policy. Caesars Entertainment has been the...

8/17/2019

article Amazon, Swatch, Daimler and the Risks of a Global Recession
(USA) -- Investors are bracing for a significant downturn in the world economy, cutting earnings estimates amid a market sell-off. While all cyclical industries face...

8/13/2019

article Caesars Entertainment parts ways with top executive for three Atlantic City casinos
(Atlantic City) -- The top executive for Caesars Entertainment Corp.'s three Atlantic City properties is no longer with the company. Kevin Ortzman, who served as...

8/12/2019

article Caesars Wins Withdrawal Liability Lawsuit Against Pension
(Atlantic City) -- Caesars Entertainment Corp. has won a lawsuit against the International Union of Operating Engineers Local 68 Pension Fund, a New Jersey multi-...

8/8/2019

article Eldorado Resorts Talks Sports Betting Developments With Caesars
(Nevada) -- Caesars Entertainment and Eldorado Resorts agreed to a merger last month to create the largest gambling company in the United States.

8/6/2019

article Eldorado Resorts Likely to Sell a Las Vegas Strip Property Following Caesars Deal
(Las Vegas) -- Eldorado Resorts Inc. ERI -4.63% is strongly considering the sale of a Las Vegas Strip casino after finishing its acquisition of Caesars Entertainment...
article Atlantic City may become focal point in completed Caesars, Eldorado deal
(Atlantic City) -- In the midst of a blockbuster merger that will create the United States' largest gaming company, Eldorado Resorts Inc. and Caesars Entertainment...
article Caesars Entertainment had a net loss for the quarter
(Las Vegas) -- Caesars Entertainment, which operates nine hotel-casinos on the Las Vegas Strip, had a net loss for the quarter — $315 million, or 47 cents per...
article Caesars’ First Half Revenue Growth Followed by Landslide
(Las Vegas) -- United States casino titan Caesars Entertainment reported a net loss of $532 million dollars, which occurred during the first half of 2019 and despite...
article Eldorado Considers Spinning Off Sports Betting After Closing Caesars Deal
(Nevada) -- Eldorado Resorts Inc., fresh off an agreement to acquire Caesars Entertainment Corp. and become the largest casino owner in the U.S., has more deals in mind...

8/5/2019

article Casinos, Hotels & Frank Sinatra: The History of Caesars Entertainment
(Las Vegas) -- Are you not entertained!? Two cabana motel owners and a vision of a hotel where the atmosphere would make everyone staying feel like a Caesar. Jay Sarno...
article Caesars slips back into loss in 2Q19 but US properties showing growth ahead of Eldorado merger
(Las Vegas) -- Caesars Entertainment Corp’s portfolio of US properties showed positive momentum in the three months to 30 June 2019, with net revenues rising 4.9%...
press release Caesars Entertainment Reports Financial Results for the Second Quarter of 2019
(Las Vegas) -- Caesars Entertainment Corporation today reported second quarter of 2019 results as summarized in the discussion below, which highlights certain GAAP and...

7/31/2019

article Former executive sues Caesars Entertainment over wrongful termination, alleges boss was 'making out' with another employee at work
(New Jersey) -- A Longport woman who was a senior executive for Caesars Entertainment Corp. has filed a wrongful termination lawsuit against her former employer alleging...

7/28/2019

article Impact of Eldorado-Caesars deal on Lake Tahoe gaming market remains unknown
(Nevada) -- It’s been more than four weeks since an announced merger that, if approved, would create the largest gaming owner and operator in the U.S., and...

7/25/2019

article Anatomy Of A Merger Part III: Caesars, Eldorado & How Sports Betting Fits
(Las Vegas) -- When Eldorado Resorts and Caesars Entertainment join forces in the first half of 2020 (contingent upon the approval of shareholders, state regulatory...

7/24/2019

article How Caesars Entertainment is leading the way in gaming innovation with The LINQ
(Las Vegas) -- Matthew Kenagy is the senior director of strategic development at Caesars Entertainment. He explains how innovative gaming technology is engaging a new...
article Eldorado Resorts Has Risky Plan for Caesars Entertainment Buyout
(Las Vegas) -- When Eldorado Resorts (NASDAQ:ERI) announced its plan to acquire Caesars Entertainment (NASDAQ:CZR)back in June, it felt eerily familiar to those of us...

7/23/2019

article Caesars former VP sues over sexual discrimination
(Las Vegas) -- Caesars Entertainment apparently likes to stress the entertainment portion of its name. According to one former employee, a former regional VP of...
article Comedian allegedly banned from Caesars over one-star review
(Las Vegas) -- Doug Stanhope spends most of his time trying to make other people laugh with his dark, sometimes caustic, humor. His major influences were National...

7/21/2019

article Comedian Doug Stanhope Claims Caesars Banishment Decree Comes After Rio One-Star Yelp Review
(Las Vegas) -- Why did comedian Doug Stanhope give the Rio All-Suite Hotel and Casino a one-star rating on Yelp? “Because who reads a two-star review? It’s...

7/13/2019

article Caesars’ Strip properties dazzle some potential buyers
(Las Vegas) -- Hotel-casinos on the Las Vegas Strip don’t go up for sale often. “That alone makes them pretty desirable,” said Union Gaming analyst...

7/11/2019

article Caesars properties in Las Vegas that could be sold in $17.3B deal
(Las Vegas) -- The gaming industry is still buzzing about last month’s announcement that regional gaming leader Eldorado Resorts Inc. of Reno is looking to buy...

7/10/2019

article Eldorado, Caesars deal not yet on state gaming regulators' agenda
(Atlantic City) -- State gaming regulators will meet Tuesday for the first time since the announcement of a merger between Eldorado Resorts and Caesars Entertainment,...

7/9/2019

article Caesars’ Las Vegas Strip properties may be up for grabs
(Las Vegas) -- Hotel-casinos on the Las Vegas Strip don’t go up for sale often. “That alone makes them pretty desirable,” said Union Gaming analyst...

7/7/2019

article 4 Ways the Caesars Entertainment Buyout Could Fall Apart
(Wall Street) -- When Caesars Entertainment late last month announced it was being acquired by Eldorado Resorts, it was a bit of a shock for the gambling industry....
article Reno gambling company poised to be U.S. biggest
(Nevada) -- In the 1970s, Gary Carano wouldn’t have imagined his family’s company would one day be the talk of the gambling industry. But nearly a half-...

7/5/2019

article VIDEO: Fireworks at Caesars Palace on the Las Vegas Strip
(Las Vegas) -- Highlights from the fireworks that lit up the Caesars Palace on the Strip on July 4, 2019.
article 4 Ways the Caesars Entertainment Buyout Could Fall Apart
(Las Vegas) -- When Caesars Entertainment (NASDAQ:CZR) late last month announced it was being acquired by Eldorado Resorts (NASDAQ:ERI), it was a bit of a shock for the...

7/2/2019

article Eldorado Resorts May Be Paying Too Much for Caesars Entertainment
(Las Vegas) -- An acquisitive Eldorado Resorts (ticker: ERI) landed its biggest deal yet by agreeing Monday to buy the larger Caesars Entertainment (CZR), but Wall...
article Eldorado to become Vegas giant with Caesars deal
(Las Vegas) -- Reno, Nev.-based Eldorado Resorts last week instantly went from regional casino player to veritable gaming powerhouse following the announcement that it...

6/30/2019

article Eldorado to become Vegas giant with Caesars deal
(Nevada) -- Reno, Nev.-based Eldorado Resorts last week instantly went from regional casino player to veritable gaming powerhouse following the announcement that it had...

6/28/2019

article Which U.S. Regions Can Eldorado-Caesars Focus On To Achieve Meaningful Growth In The Long Run?
(Las Vegas) -- After entering into a definitive merger agreement with Caesars Entertainment, Eldorado’s management indicated that the casino company will realize $...

6/27/2019

article Family casino business catapults to gaming giant
(Reno) -- In the 1970s, Gary Carano wouldn’t have imagined his family’s company would one day be the talk of the gaming industry. But nearly a half-century...
article Moody’s Considering Downgrading Eldorado Resorts’ Credit Rating in Wake of $17.3 Billion Caesars Entertainment Deal
(Las Vegas) -- Eldorado Resorts, Inc.’s (NASDAQ:ERI) $17.3 billion offer to acquire Caesars Entertainment Corp. (NASDAQ:CZR) could result in the regional gaming...

6/26/2019

article Caesars Begins Remodeling Indiana Venues For Sports Betting Launch
(Indiana) -- In preparation for the launch of legal sports betting in Indiana, Caesars Entertainment is upgrading its properties in the state. The company, which on...
article Caesars Gives Thumbs Up to Eldorado Acquisition
(Las Vegas) -- When Caesars Entertainment (ticker: CZR) first filed for bankruptcy in 2015, many thought the Roman-themed gaming company was being thrown to the lions....
article What Does The Eldorado-Caesars Deal Mean For Wynn, Sands, And MGM?
(Las Vegas) -- Eldorado Resorts recently announced plans to acquire Caesars Entertainment for a total consideration of $17.3 billion. The combined entity will be the...
article Tilman Fertitta eyes Las Vegas Strip casinos after Caesars sale
(Las Vegas) -- Houston billionaire Tilman Fertitta is looking to purchase casino property on the Las Vegas Strip that could be spun off from Eldorado Resorts’...

6/25/2019

article Eilers & Krejcik analyst "pessimistic" about long-term Eldorado Caesars prospects
(Las Vegas) -- Eilers & Krejcik Gaming analyst Matt Kaufman is concerned by Caesars Entertainment’s long-term health following its merger with Eldorado Resorts...
article Eldorado seals a risky Caesars deal with echoes of Apollo
(Las Vegas) -- Well it happened. Carl Icahn got his way again, and Caesars is merging with Eldorado Resorts. Got to give it to the guy—he really knows how to...
article Isle Casino Racing parent agrees to buy Caesars; could local name change be far behind?
(Las Vegas) -- In the wake of a blockbuster takeover of Caesars Entertainment by Eldorado Resorts, parent of Isle Casino Racing Pompano Park, what are the odds that the...
article TI owner Phil Ruffin interested in buying the right Caesars property
(Las Vegas) -- Treasure Island owner Phil Ruffin said he’d be interested in buying another Strip casino if a Caesars property becomes available in the company'...
article What The Caesars Merger With Eldorado Means For US Sports Betting
(Las Vegas) -- Carl Icahn found a suitor for the Caesars Entertainment acquisition he shopped for several months. Reuters reported over the weekend that Caesars agreed...
article Bally’s bad hand: Caesars-Eldorado deal might doom casino
(Atlantic City) -- The pending marriage of Eldorado Resorts and Caesars Entertainment may spell the end for 40-year-old Bally’s in Atlantic City. Eldorado’s...
article Caesars set to update all Indiana facilities for sports betting
(Indiana) -- Caesars Entertainment Corp. plans to update its Winner’s Circle off-track betting facility in downtown Indianapolis, as well as its casinos in...
article Eldorado Resorts buys Caesars for $17.3B; company will own 6 Louisiana casinos including Harrah's
(Louisiana) -- Nevada casino operator Eldorado Resorts, which runs the Belle of Baton Rouge, is buying Caesars Entertainment Corp., which operates the Harrah's land-...
article What will sale of Caesars mean for Biloxi and Harrah’s Gulf Coast?
(Mississippi) -- Monday’s announcement that Eldorado Resorts will buy Caesars for $17.3 billion in cash and stock had people in Biloxi asking what the merger will...

6/24/2019

article Caesars Deal Catapults Underdog Eldorado to Casino Powerhouse
(Las Vegas) -- In the casino business, the minnow is swallowing the whale. Eldorado Resorts Inc.’s $8.58 billion acquisition of Caesars Entertainment Corp. means...
article Eldorado Resorts Buys Caesars For $17.3 Billion
(Las Vegas) -- Eldorado Resorts is buying Caesars Entertainment for $17.3 billion, in a cash-and-stock deal that the companies say will create the largest gambling...
article Eldorado Resorts, parent of Elgin casino, buying Caesars to form new gambling giant
(Las Vegas) -- A casino juggernaut was formed Monday when Eldorado Resorts announced it is buying Caesars in a cash-and-stock deal valued at $17.3 billion. The...
article Eldorado’s $17.3B deal for Caesars could create largest casino company
(Las Vegas) -- A $17.3 billion megadeal is slated to create the largest casino company in the world by gaming assets.
article Caesars deal turns underdog Eldorado Resorts into a casino powerhouse
(Las Vegas) -- In the casino business, the minnow is swallowing the whale. Eldorado Resorts Inc.’s $8.58-billion acquisition of Caesars Entertainment Corp. means...
article Caesars surges as Eldorado Resorts agrees to buy the casino operator for $8.6 billion in a deal backed by Carl Icahn
(Las Vegas) -- The list of major casino operators in the US just got smaller. Caesars Entertainment climbed as much as 12% in early trading on Monday after Eldorado...
article Caesars takeover by Eldorado to create casino giant
(Las Vegas) -- One of the best known names in gambling, Caesars Entertainment, has agreed to bought by Eldorado Resorts in a deal worth $17.3bn (£13.6bn).
article Eldorado CEO: Selling casinos will be part of $17.3B merger with Caesars Entertainment
(Las Vegas) -- The combined Eldorado Resorts-Caesars Entertainment gaming industry behemoth announced Monday may not look the same when the $17.3 billion deal closes...
article Eldorado is buying Caesars to form America's largest casino business
(Las Vegas) -- Eldorado Resorts is buying Caesars Entertainment to create the largest gaming company in the United States. Eldorado Resorts (ERI) said Monday it has...
article High rollers: Eldorado buys Caesars in deal valued at $17B
(Las Vegas) -- A casino juggernaut was formed Monday when Eldorado Resorts announced it is buying Caesars in a cash-and-stock deal valued at $17.3 billion. The...
article No Rush to Get Involved in the Caesars, Eldorado Deal
(Las Vegas) -- Several weeks back, I traveled to Las Vegas for the first time. Not a real prince of the nightlife, I had never had the urge to go. For me, vacation is...
article OP/ED: Carl Icahn Proves Deft Dealer Again in Caesars Win
(Las Vegas) -- In M&A, much like in blackjack, players have to be wary of a stiff hand – bid too high and it could be a bust. That’s especially true when...
article Reno’s Eldorado Resorts to buy Caesars in $17.3 billion casino merger
(Nevada) -- Eldorado Resorts is buying Caesars Entertainment in a cash-and-stock deal valued at $17.3 billion, effectively creating the largest owner and operator of...
article Sweeney concerned over Caesars buyout
(Las Vegas) -- Senate President Steve Sweeney expressed concerns about a $17.3 billion buyout of Caesars Entertainment by Eldorado resorts.
article Sweeney Expresses Concern with Eldorado Casino Deal to Buy Caesars
(Las Vegas) -- Senate President Steve Sweeney (D-Gloucester/Salem/Cumberland) issued the following statement today reacting to the purchase of Caesars Entertainment by...
article VICI Scores Coup in Eldorado/Caesars Deal; Wins 3 Harrah’s Properties For $3.2 Billion
(Las Vegas) -- VICI Properties Inc. (NYSE:VICI) is acquiring three Harrah’s properties for $3.2 billion from Eldorado Resorts, Inc. (NASDAQ:ERI) as part of the...

6/23/2019

article Eldorado Resorts clinches $18 billion cash and stock deal for Caesars: sources
(Las Vegas) -- U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a cash and stock deal that values its peer at about $18...
article Report: Eldorado Resorts merging with Caesars in $18 billion deal
(Reno) -- After months of speculation, Reno-based Eldorado Resorts is reportedly set to announce a multi-billion merger with Caesars Entertainment. The deal could be...

6/18/2019

article Branson developer will build first Caesars hotel in U.S. without a casino
(Arizona) -- Developers of a Caesars Entertainment Corp. (Nasdaq: CZR) hotel being proposed in Scottsdale, Arizona, have filed updated plans with the city's...
article Icahn, Caesars Board Reportedly At Odds Over Sale Price
(Wall Street) -- Activist investor Carl Icahn and the Board of Caesars Entertainment Corp. might be at odds over the price at which the casino operator should be sold to...

6/17/2019

article Caesars Palace owner buys two Missouri casinos
(Missouri) -- VICI Properties Inc. and Century Casinos Inc. are acquiring two Missouri casinos and one in West Virginia for $385 million from Eldorado Resorts Inc. The...
press release Caesars Entertainment Recognized by Computerworld as "Top 100 Best Places to Work in IT"
(Las Vegas) -- IDG's Computerworld today announced Caesars Entertainment Corporation (NASDAQ: CZR), one of the world's most diversified casino-entertainment...

6/11/2019

article If Carl Icahn Sells Caesars, Who Would Own The WSOP?
(Las Vegas) -- Two weeks into 2019 World Series of Poker, the attention of the poker world is fixed firmly on the action at the tables. Rightly so, but players keeping...

6/8/2019

article Could Eldorado Resorts possibly acquire the larger Caesars Entertainment?
(Las Vegas) -- It isn’t often that David takes Goliath, but that’s a possible scenario on the Strip with Reno-based Eldorado Resorts Inc.’s prospect of...

6/7/2019

article Reports: Eldorado Resorts nearing deal to merge with Caesars Entertainment
(Las Vegas) -- Two media reports suggested Friday that Caesars Entertainment and Eldorado Resorts were close to creating the world’s largest casino company, but...

6/6/2019

article Caesars Entertainment moves closer to deal with El Dorado
(Las Vegas) -- Casino chain Caesars Entertainment is moving closer to a combination with rival El Dorado in a cash-and-stock deal that could kick-start a wave of...
article Icahn, Caesars reject too-low takeover offer from Eldorado Resorts
(Las Vegas) -- Carl Icahn is caught in a game of poker with a casino baron — and he may not be holding the cards he hoped. Caesars Entertainment, which Icahn...

6/4/2019

press release BLOG: Spice Up Your Trip - Adult Only Shows In Las Vegas
(Las Vegas) -- They don’t call us Sin City for nothing. Vegas is a place to party and let loose and one of the ways to do that is to see an adult show while you...

6/2/2019

article As Potential Suitors Circle, Caesars Stock Remains Hedge Fund Favorite
(Wall Street) -- With Caesars Entertainment being discussed as an acquisition target, hedge funds remain fans of the stock. A report from Jefferies, an investment bank...

5/29/2019

article Harrah’s New Orleans Wins 30-Year Extension, Casino to Invest $325M in Upgrades
(Louisiana) -- Harrah’s New Orleans, the state’s only land-based casino, has been granted a 30-year license extension by Louisiana lawmakers in exchange for...

5/25/2019

article Top Caesars Exec (And Vegas's 1st Female Mayor): Diversity, Inclusion Boost Bottom Line Results
(Las Vegas) -- Jan Jones Blackhurst is renowned today as the voice of diversity and inclusion at Caesars Entertainment, the international hospitality and gaming...

5/18/2019

article Caesars Entertainment bidder could be looking to clean house
(Las Vegas) -- Caesars Entertainment may soon be handing out mass pink slips, including some to its executive suite, The Post has learned. A looming sale of America...

5/16/2019

article Land-based casino rebranded as Caesars Southern Indiana
(Indiana) -- Caesars Entertainment's Horseshoe Southern Indiana land-based casino that's currently under construction is being rebranded as Caesars Southern...

5/15/2019

article Caesars Entertainment Corporation inks deal for ESPN-branded studio
(Las Vegas) -- A recently penned agreement between ESPN and Caesars Entertainment (NASDAQ: CZR) will provide fans around the world with sports betting news and...
article ESPN Partners With Caesars Entertainment For Las Vegas Strip Sports Betting TV Studio
(Las Vegas) -- ESPN has announced a new partnership with Caesars Entertainment to bring a new studio to the LINQ Hotel and Casino on the Las Vegas Strip by 2020. The...

5/14/2019

article Caesars Entertainment, ESPN tie-up for sports betting content
(Las Vegas) -- Las Vegas casino icon Caesars Entertainment Corp unveiled a tie-up with Walt Disney Co’s ESPN on Tuesday, the latest sign of the surge in investment...
article Caesars Jumps After Announcing Sports Betting Collaboration With ESPN
(Las Vegas) -- Shares of Caesars Entertainment were rising Monday after the casino company announced that it has formed a partnership with ESPN to produce sports betting...
article Caesars partners ESPN on sports betting content initiative
(Las Vegas) -- US casino giant Caesars Entertainment has joined forces with sports television network ESPN on an initiative to bring sports betting news and...

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