Noticias de ultima
  • 12.00 Brasil: New proposal on bill authorising casinos and bingos and legalising games of chance to be vote tomorrow
  • 12.00 Helen Rhodes Unveils Key Policy Insights at iGB L!VE 2025
  • 12.00 Atlaslive Wraps Up iGB L!VE 2025 with Powerful Industry Conversations and Future-Forward Insights
  • 12.00 Casino: Tulalip plans for the expansion
  • 12.00 Belatra's Cyber Gypsies Hits the Spotlight
  • 12.00 Amusnet Gaming Launches Secrets of Cairo Across Regulated Markets
  • 12.00 Trump’s proposed bill sparks fears of a crackdown on professional gambling in the U.S
  • 12.00 Implementing Safe Gambling Strategies: A Cornerstone in Preventing Gambling Addiction in the EU
  • 12.00 May 2025 Casino and Sports Wagering Revenue by MGC
  • 12.00 "Esports Betting Revolution: The Next Generation Takes the Stage", by Uplatform
Casino

Caesars Entertainment Soars As It Closes In On Merger With Eldorado Resorts

Monday 10 de June 2019 / 13:06

2 minutos de lectura

(United States).- Caesars Entertainment stock gapped up on reports it is close to securing a merger deal with rival Eldorado Resorts. Casino stocks as a whole were also broadly up.

Caesars Entertainment Soars As It Closes In On Merger With Eldorado Resorts

Activist investor Carl Icahn has been pushing for a sale since building a sizable stake in Caesars, which is now said to be close to 29%. His efforts have seen him win three board seats, and he now seems close to total victory.


Sources told the Wall Street Journal that Caesars and Eldorado are close to finalizing a cash-and-stock deal, and that it could be announced later this month. It comes just a day after the New York Post reported Caesars and Icahn agreed to reject an "underwhelming" bid from the gaming company. If the deal does come off, Eldorado management is expected to take charge of the combined company.


Caesars is a giant of the industry, with around 50 casinos in 13 states and five countries. The jewel in its crown is the famed Caesars Palace.


With its 25 properties primarily located outside of Las Vegas, Eldorado has a market value of around $4 billion, a third smaller than Caesar's $6 billion. However troubled Caesars is also saddled with around $9 billion in long-term debt.


Sources told the WSJ that additional debt would have to be taken on by Eldorado or the combined company to get the deal over the line.


A number of gaming industry rivals have looked at merging with Caesars. Boyd Gaming (BYD) is said to be still weighing up the prospects, but insiders said the odds are slim it will win out.


"Billion Dollar Buyer" star Tilman Fertitta also looked into combining the firm with his Golden Nugget chain; however the Caesars board was said to be concerned the reverse merger would leave its firm saddled with too much debt.

Categoría:Casino

Tags: casinos, Caesars Entertainment,

País: United States

Event

Peru Gaming Show 2025

18 de June 2025

IAG Play Stood Out at PGS 2025 with Innovative Games and Latam Expansion

(Lima, SoloAzar Exclusive).- Fernando Polti, CTO of IAG Play, shared insights about the products showcased at the 2025 Peru Gaming Show, emphasizing a strong offering inspired by the gaming universe. With titles like high-volatility Crash Games, immersive Fantasy experiences, and the successful Scratchers, the company captivated operators and regulators, sparking new partnerships across Peru and Latin America. What makes their portfolio stand out? Read on to discover.

Friday 04 Jul 2025 / 12:00

Omnichannel Explained by Experts: Strategies to Lead the New Era of Gambling in Latin America

(Lima, SoloAzar Exclusive).- During the second academic day of the Peru Gaming Show (PGS) in Lima, the conference “Omnichannel Strategy: Maximizing Revenue and Achieving Operational Efficiency” brought together industry experts to analyze how the integration of physical and digital channels redefines the success of suppliers and operators in the regional gaming industry.

Friday 04 Jul 2025 / 12:00

"PGS 2025 is a must for players in the igaming world", Diego Verano, EEZE

(Lima, SoloAzar Exclusive).- During his first participation in the 2025 edition of the Peru Gaming Show, Diego Verano, Director of Business Development LatAm at EEZE, talked to SoloAzar about his experience at the event, his interest in the LatAm market and his vision on the evolution of the sector in the region.

Thursday 03 Jul 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO