Eldorado Resorts buys Caesars casino chain for $ 18 billion

Eldorado Resorts, which owns 26 hotels and casinos in 12 US states, wants to buy a chain of famous gambling establishments Cаesars Entertainment for $ 18 billion. It is reported by the Reuters news agency.
Reportedly, following this grand deal, a new combined company will be formed, which will be split equally between the shareholders of Eldorado Resorts and Caesars Entertainment. This deal was initiated by the famous billionaire and the main shareholder of Caesars Entertainment Carl Icahn. And even earlier, Eldorado Resorts partnered with The Stars Group to promote these brands in the online gambling market in the United States.
According to many industry experts, Cаesars Entertainment’s takeover of the Eldoradо Resorts casino network creates a very strong competitor in the US market for other major players in the industry, such as MGM Resorts International, Las Vegas Sands Corp and Wynn Resorts.

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