Saturday, July 11, 2020

Indiana commission approves Eldorado Resorts acquisition of Caesars Entertainment

Eldorado Resorts, Inc. announced that at a meeting Friday, the company received approval from the Indiana Gaming Commission in connection with its pending acquisition of Caesars Entertainment Corp., subject to applicable conditions.

Eldorado is a leading casino entertainment company that owns and operates 21 properties in 11 states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. Eldorado’s properties feature approximately 22,400 slot machines, 640 table games, and over 11,200 hotel rooms.

Caesars Entertainment's resorts operate primarily under the Caesars, Harrah's and Horseshoe brand names. In April, Caesars and VICI Properties Inc. agreed to sell the Bally's Atlantic City Hotel & Casino to Twin River Worldwide Holdings Inc. for approximately $25 million in cash. VICI will receive approximately $19 million from the sale, while Caesars will receive approximately $6 million.

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