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Eldorado Rumored to be Mulling Sales of Caesars Colosseum, Conference Center For Post-Deal Cash

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 Entertainment Corp. an effort that could reportedly include selling some prime assets within Caesars Palace on the Las Vegas Strip.

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8/12/2020

article Will Caesars Be Part Of Next US Sports Betting Spinoff?
(Wall Street) -- There’s been talk of the combined Caesars and Eldorado company spinning off its sports betting and iGaming business since news of the merger. Now...

8/7/2020

article Caesars Entertainment still planning to sell a Las Vegas casino, CEO says
(Las Vegas) -- Caesars Entertainment’s top executive said the coronavirus pandemic hasn’t changed the company’s plans to sell a Las Vegas Strip casino...
article Caesars Draws Some Rave Wall Street Reviews Following First Earnings Report
(Wall Street) -- Caesars Entertainment (NASDAQ:CZR) delivered its first earnings update as the largest US gaming company Thursday after the close of US markets. As...

8/3/2020

article Harrah’s New Orleans One Step Closer to Being on Hook for Hotel Back Taxes
(New Orleans) -- Harrah’s New Orleans is once again on the losing end of a court decision regarding its claims that it doesn’t need to pay taxes on comped or...

7/31/2020

article Caesars execs to get pay raises as thousands furloughed or laid off
(Las Vegas) -- As thousands of furloughed or laid off Caesars workers worry about making ends meet, five company executives are set to receive pay raises. Members of the...

7/29/2020

article Hotel-casinos paying rent on time, landlord Vici Properties says
(Las Vegas) -- Vici Properties Inc., a real estate investment trust that owns the land under a number of hotel-casinos, said its tenants paid 100 percent of their rent...

7/27/2020

article Icahn Enterprises CEO Keith Cozza Departs Caesars Entertainment Board
(Las Vegas) -- Icahn Enterprises CEO Keith Cozza has resigned from the Caesars Entertainment Board of Directors less than a week after the company completed its $17.3...

7/26/2020

article Is Caesars Making the Same Mistake It Made in 2007?
(Wall Street) -- Caesars Holdings, which is the name of the merged Eldorado Resorts and Caesars Entertainment, couldn't have completed its leveraged buyout at a...

7/23/2020

article Effects on Reno from big gaming merger? Wait and see
(Reno) -- There’s no doubt that merger of Reno’s Eldorado Resorts Inc. with Caesars Entertainment Corp. is a big deal — a very big deal — for the...
article Effects on Reno from big gaming merger?
(Nevada) -- There’s no doubt that merger of Reno’s Eldorado Resorts Inc. with Caesars Entertainment Corp. is a big deal — a very big deal — for...

7/22/2020

article New Caesars CFO: Some job cuts coming, but company is ‘bullish on Las Vegas’
(Las Vegas) -- The merger of Eldorado Resorts and Caesars Entertainment Corp. will result in a reduction of jobs, but the new company plans to make cuts as “...

7/20/2020

article Eldorado completes $17.3B merger with Caesars, creates largest casino company in U.S.
(Las Vegas) -- The merger between Eldorado Resorts Inc. and Caesars Entertainment Corp. is official, creating the largest casino and gaming company in the United States...
article Eldorado merger with Caesars gets final approval, creating world's largest casino company
(New Jersey) -- New Jersey gaming regulators gave the final approval Friday for a $17.3 billion merger of Eldorado Resorts Inc. and Caesars Entertainment Corp., clearing...
article Eldorado, Caesars deal finalized, creating country's largest casino company
(Nevada) -- The $17.3 billion merger of Eldorado Resorts Inc. and Caesars Entertainment Corp. was finalized Monday, the newly formed company announced. Caesars...
article ‘A lot of equity in the Caesars name’ as industry views the ‘new’ Caesars Entertainment
(Nevada) -- The headlines concerning the corporate parent of the Las Vegas Strip’s Caesars Palace haven’t been the most auspicious or promising during the...

7/18/2020

article Eldorado Resorts becomes gambling giant with Caesars deal
(Las Vegas) -- A $17.3 billion buyout creating the world’s biggest casino company won final approval Friday, with New Jersey gambling regulators agreeing to let...

7/17/2020

article Eldorado, Caesars merger approved by Casino Control Commission
(Atlantic City) -- State gaming regulators gave the final approval Friday for a $17.3 billion merger of Eldorado Resorts Inc. and Caesars Entertainment Corp., clearing...
article Eldorado, Caesars merger gets final approval needed for deal to close
(New Jersey) -- The New Jersey Casino Control Commission on Friday approved Eldorado Resorts Inc.’s $17.3 billion acquisition of Caesars Entertainment Corp., the...

7/16/2020

article Economists offer opposing views of Eldorado, Caesars merger as hearing continues Thursday
(Atlantic City) -- The second round of testimony on the proposed merger of Eldorado Resorts Inc. and Caesars Entertainment Corp. will be heard Thursday morning by state...
article N.J. regulators not sold on Eldorado, Caesars merger; hearings continue Friday
(New Jersey) -- State gaming regulators hold all the cards in the proposed $17.3 billion merger of Eldorado Resorts Inc. and Caesars Entertainment Corp., as New Jersey...
article New Jersey decision on Eldorado, Caesars deal delayed — again
(New Jersey) -- Eldorado Resorts Inc.’s acquisition of Caesars Entertainment Corp. is going to have to wait, again. The New Jersey Casino Control Commission on...

7/15/2020

article After New Jersey, Eldorado looks to close on Caesars deal
(Las Vegas) -- Wednesday was supposed to be the day that Eldorado Resorts and Caesars Entertainment Corp. got the last OK needed to do what they’ve said they...
article State gaming regulators to consider Eldorado, Caesars merger Wednesday
(New Jersey) -- The Casino Control Commission will hear testimony Wednesday morning on the proposed $17.3 billion merger of Eldorado Resorts Inc. and Caesars...

7/14/2020

article Eldorado confirms Hammond's Horseshoe Casino will be sold as part of Caesars deal
(Indiana) -- The stable ownership that's helped the Horseshoe Casino in Hammond become and remain Indiana's most popular gaming destination is about to get a...

7/13/2020

article Eldorado-Caesars deal may force sale of Hammond casino
(Indiana) -- The CEO of Eldorado Resorts says the Horseshoe Hammond casino could be sold as part of Eldorado’s takeover of Caesars Entertainment. The Indiana...

7/11/2020

article Eldorado must sell 3 Indiana casinos as part of Caesars deal
(Indiana) -- Eldorado Resorts will have to sell three Indiana casinos by the end of this year as it takes over Caesars Entertainment. The Indiana Gaming Commission...

7/10/2020

article Caesars Entertainment Will Reopen Bally’s July 23rd – Including Restaurants, Bars, and Gaming Floors
(Atlantic City) -- Well, it looks like the motto truly is CREAM (Cash Rules Everything Around Me) in Las Vegas, as Caesars Entertainment Corp. plans to reopen another...
article Indiana Gaming Commission approves Eldorado acquisition of Caesars
(Indiana) -- The Indiana Gaming Commission on Friday conditionally approved Eldorado Resorts Inc.’s planned $17.3 billion acquisition of Caesars Entertainment Corp...
article Indiana Regulator Approves Caesars Deal With Three Divestitures
(Indiana) -- The Indiana Gaming Commission unanimously approved Eldorado Resorts Inc.’s acquisition of Caesars Entertainment Corp., subject to the sale of three...

7/9/2020

article $17.3 billion Eldorado, Caesars merger 1 step closer after Nevada approval
(Nevada) -- The mega merger of Reno’s Eldorado Resorts, Inc. and Caesars Entertainment Corporation in Las Vegas is one step closer to reality. On Wednesday, the...
article Caesars shareholders prepare for Eldorado merger
(Nevada) -- Caesars Entertainment Corp. shareholders have one week to vote on how they want to receive an expected windfall from the anticipated closing of the merger...

7/8/2020

press release Caesars’ Takeover by Eldorado Wins Nevada Gaming Board’s Backing
(Nevada) -- The Nevada Gaming Control Board recommended that the state approve the planned takeover of Caesars Entertainment Corp. by Eldorado Resorts Inc. -- a big step...
article Gaming board backs Eldorado-Caesars $17.3B deal
(Nevada) -- The state Gaming Control Board on Wednesday unanimously backed Reno-based Eldorado Resorts Inc.’s $17.3 billion bid to acquire Caesars Entertainment Corp....
article Gaming board to consider Eldorado-Caesars $17.3B deal — WATCH LIVE
(Nevada) -- Representatives of Reno-based Eldorado Resorts Inc. are expected to be one step closer to completing their $17.3 billion acquisition of Caesars Entertainment...
article Caesars requiring staff to get tested for coronavirus amid uptick in county
(Las Vegas) -- Caesars Entertainment Corp. is requiring all of its Clark County employees get tested for COVID-19 this month. Spokesman Richard Broome said the decision...

7/7/2020

article Indiana regulator ‘deeply concerned’ about Eldorado’s commitment to racetracks being acquired in Caesars deal
(Indiana) -- The executive director of the Indiana Horse Racing Commission said it was “impossible” to offer an “enthusiastic or unqualified...

7/6/2020

article Las Vegas' Nobu Hotel at Caesars Palace reopens
(Las Vegas) -- Nobu Hotel Caesars Palace has reopened. The Caesars Entertainment property is the seventh to open since Nevada lifted a COVID-19 shutdown that lasted...

7/2/2020

article Caesars employees want stronger mask enforcement
(Las Vegas) -- Workers at Caesars Southern Indiana say they don't want the company to gamble with their health. Employees delivered a petition signed by hundreds...
article Eldorado sells 2 properties ahead of Caesars merger
(Las Vegas) -- Eldorado Resorts Inc. has completed the sale of two regional properties, less than a month before it’s set to close its acquisition of Caesars...

6/29/2020

article FTC allows deal that will see two area casinos change hands
(Missouri) -- Regulators approved a merger of gaming companies that will result in new owners for two Kansas City-area casinos. The Federal Trade Commission on Friday...
article Boyd Gaming Continues to Reopen Casinos With Limited Amenities
(Wall Street) -- Post the coronavirus-induced shutdowns in mid-March, Boyd Gaming Corporation BYD recently resumed operations at Valley Forge Casino Hotel in King of...

6/28/2020

article Caesars employee dies days after positive COVID-19 test
(Las Vegas) -- A Caesars Entertainment employee has died after testing positive for COVID-19, according to a company spokesperson. Now, his family is seeking justice,...

6/27/2020

article Caesars Entertainment Employee Dies After Covid-19 Infection
(Las Vegas) -- Caesars Entertainment Corp., the owner of Caesars Palace and other casino resorts, said an employee has died after testing positive for Covid-19. The Las...
article Caesars Atlantic City Takes A Gamble On Opening Up
(Atlantic City) -- In the world of gambling, there is no sure thing, but when the odds are in your favor, you can play it safe or bet it all. In accordance with...
article Merger of casino giants wins Federal Trade Commission approval
(Indiana) -- The Federal Trade Commission has given its blessing to a $17.3 billion merger of two casino giants that will bring five of Indiana's 13 state-regulated...

6/26/2020

article Eldorado resorts must sell two casinos as part of Caesars merger -U.S. FTC
(Washington D.C.) -- U.S. regulators on Friday said Eldorado Resorts Inc must sell two of its properties as a condition of its merger with Caesars Entertainment...
article Eldorado Wins U.S. Antitrust Approval for Caesars Casino Deal
(Las Vegas) -- The Federal Trade Commission signed off on the deal after Eldorado agreed to sell casinos to resolve competition concerns, according to a statement Friday...

6/24/2020

article Caesars mandates guests wear masks
(Las Vegas) -- Guests at Caesars Entertainment Corp. properties will be required to wear masks while inside its properties, effective immediately. Caesars previously...

6/22/2020

article Caesars properties offer incentives to get people to wear masks
(Las Vegas) -- Caesars Entertainment Corp. is trying to encourage its players to wear protective facial coverings by offering incentives to customers wearing masks.
article This Las Vegas casino company is paying guests $20 to wear masks
(Las Vegas) -- Wearing a mask inside a Caesars Entertainment casino? Someone from the company may tap you on the shoulder and slip you $20 to gamble. The operator of...

6/19/2020

article Analyst: $772 million from stock sale strengthens Eldorado’s liquidity
(Wall Street) -- Eldorado Resorts will secure $772 million from a stock sale after the deal’s underwriters exercised an option to acquire 2.7 million shares, the...

6/18/2020

article Caesars Slashes 471 Positions From Harrah's Reno Sale
(Nevada) -- Caesars Entertainment has announced that all 471 job positions at its closed Harrah’s Reno Hotel and Casino will be permanently eliminated. VICI...

6/16/2020

press release Caesars reports big financial declines in Las Vegas in SEC filing
(Wall Street) -- Revenue declined by 56 percent to 58 percent compared with a year ago at Caesars Entertainment Corp.’s five Nevada properties opened since June 4...
article JPMorgan, Credit Suisse Ready $7.2 Billion Debt Sale for Casinos
(Wall Street) -- A group of banks led by JPMorgan Chase & Co. and Credit Suisse Group AG is readying a $7.2 billion debt offering to finance Eldorado Resorts Inc....

6/13/2020

article Eldorado, Caesars merger moving full-steam ahead despite pandemic
(Las Vegas) -- It’s been almost a year since Reno-based Eldorado Resorts Inc. stunned the casino industry with the news that it was planning to buy Caesars...

6/11/2020

article FTC Could Approve Eldorado/Caesars Deal by June End, According to Brokerage Firm
(Wall Street) -- The Federal Trade Commission (FTC) could sign off on Eldorado Resorts Inc.’s (NASDAQ:ERI) $17.3 billion acquisition of rival Caesars Entertainment...

6/10/2020

article Caesars regional CEO approved by casino regulators with Eldorado deal still pending
(Atlantic City) -- Although Caesars Entertainment Corp. is still waiting for state gaming regulators to sign off on a proposed merger with Eldorado Resorts Inc., the...

6/6/2020

article Caesars Windsor renovates while waiting for reopening date; Some shows cancelled
(Windsor) -- Las Vegas may be coming alive this weekend, with almost two dozen casinos reopening — but it’s still a waiting game at Caesars Windsor. The...

6/4/2020

article 70% of Eldorado Resorts Casinos Have Reopened
(Wall Street) -- Casino operator Eldorado Resorts (NASDAQ:ERI) announced this morning that it will reopen five casinos today, including Eldorado Resort Casino, Silver...

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-...

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