If I were an Eldorado shareholder, the following sentence from MarketWatch would scare the proverbial pants off my proverbial self.
The merger between the two casino operators has been consummated, creating the largest casino company in the US.
New Jersey was the last remaining state that had to sign off on the merger before it could be finalized.
The last remaining state required to approve the deal has spent three days already discussing the matter.
Eldorado Resorts and Caesars Entertainment are ready to become one casino giant after latest regulatory approval.
Nevada regulators greenlight the merger that would create the largest casino operator in the U.S.
One of the last remaining approvals ahead of the anticipated merger between the casino giants could come next week.
The casino operator picks up just over $1 billion through different deals as it continues to work on the acquisition of Caesars Entertainment.
Regulators in the Garden State aren’t expected to take up the issue when they meet this month.
Regional casino operators Caesars Entertainment and Eldorado Resorts both see Q1 revenue tumble, but both express optimism for post-pandemic future.