A statue at Caesars Palace displays an oversized Vegas Golden Knights hockey stick and a flag with the team logo. (Ethan Miller/Getty Images)
Eldorado Resorts has inked a takeover deal of Caesars Entertainment. The deal will create the largest U.S. gaming company with aspirations to form “strategic alliances with industry leaders in sports betting.”
The companies announced that they have entered into a “definitive merger agreement” that will combine the two leading gaming companies and their complementary national operating platforms, brands, and a “collective commitment to enhancing guest service and shareholder value.”
The combined company will own 60 domestic casino-resorts and gaming facilities across 16 states.