Eldorado Resorts will use profits from the sale of assets worth $1.8bn to fund its acquisition of Caesars Entertainment, in a cash and shares deal worth around $8.58bn. The sale, the latest in the saturated casino sector, is scheduled to close during H1 2020, while the combined companies will operate 16 casinos in 60 states, all under the Caesar's brand. In 2018, Caesars reported revenues of $8.39bn, compared to Eldorado's $2.06bn.
Eldorado Resorts will use profits from the sale of assets worth $1.8bn to fund its acquisition of Caesars Entertainment, in a cash and shares deal worth around $8.58bn. The sale, the latest in the saturated casino sector, is scheduled to close during H1 2020, while the combined companies will operate 60 casinos in 16 states, all under the Caesar's brand. In 2018, Caesars reported revenues of $8.39bn, compared to Eldorado's $2.06bn.