Eldorado Resorts, Inc. (ERI) News
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Latest ERI News From Around the Web
Below are the latest news stories about Eldorado Resorts Inc that investors may wish to consider to help them evaluate ERI as an investment opportunity.
Caesars’ $17 Billion Sale Saved by Bettors Racing Back to Tables(Bloomberg) -- Eager U.S. gamblers returning quickly to casinos after the Covid-19 lockdown helped Eldorado Resorts Inc. sell almost $8.8 billion in debt and stock needed to complete its takeover of Caesars Entertainment Corp.Eldorado’s Tom Reeg, who now is chief executive officer of the combined company, said he never questioned whether to go forward with the deal, which was worth $17 billion when it was announced last year, even after the coronavirus shut down all the casinos in the country for three months.“It continued to make business sense, our financing commitments were rock solid,” Reeg, 49, said in an interview Monday, when the purchase closed. “We knew we could finance the transaction. We’d already done so much work on synergy, starting to think about integration -- it was cle... |
Eldorado Resorts completes $17.3 billion buyout of Caesars EntertainmentA Nevada company that started in 1973 with a single hotel-casino in Reno announced Monday it has completed a $17.3 billion buyout of Caesars Entertainment Corp. and will take the iconic company’s name going forward as the largest casino owner in the world. |
Caesars Entertainment and Eldorado Resorts Merger CompletedThe deal fusing Eldorado Resorts (NASDAQ: ERI) and Caesars Entertainment (NASDAQ: CZR) has closed, the combined company announced in a press release. The announcement is the culmination of a deal that was first reported in June 2019 and subsequently had to win a set of regulatory approvals. The arrangement was valued at roughly $17.3 billion at the time it was agreed, split between $7.2 billion in cash and 77 million shares of Eldorado stock. |
Emergent BioSolutions Set to Join S&P MidCap 400; First Hawaiian to Join S&P SmallCap 600S&P; SmallCap 600 constituent Emergent BioSolutions Inc. (NYSE: EBS) will replace Caesars Entertainment Corp. (NASD: CZR) in the S&P; MidCap 400, and First Hawaiian Inc. (NASD:FHB) will replace Emergent BioSolutions in the S&P; SmallCap 600 effective prior to the opening of trading on Friday, July 24. S&P; MidCap 400 constituent Eldorado Resorts Inc. (NASD:ERI) acquired Caesars Entertainment in a deal completed today. Post-merger, Eldorado Resorts will change its name to Caesars Entertainment and its ticker to CZR. It will remain in the S&P; MidCap 400. |
Trending Stock Market News Monday: Eldorado Resorts, HuaweiHere are Monday's trending stock market news, including Eldorado Resorts closing its $17 billion acquisition of Caesars Entertainment. |
Eldorado Completes $17 Billion Purchase of CaesarsThe Eldorado and Caesars' combination creates the largest casino company in the U.S. It will keep the Caesars name. |
Eldorado Completes Caesars Deal, Becoming New Casino Powerhouse(Bloomberg) -- Eldorado Resorts Inc. completed its $17 billion acquisition of Caesars Entertainment Corp., navigating a series of hurdles, including the global pandemic, to create a new powerhouse in the casino industry.The merger, first announced in June of last year, capped a flurry of dealmaking for the once-small casino company. But the transaction faced obstacles, including several states where the new company’s market share exceeded the wishes of regulators, and the coronavirus, which shuttered casinos in the U.S. for nearly three months this year.Eldorado, led by Chief Executive Officer Tom Reeg, had to scramble to find buyers for the some of the company’s properties. He raised as much as $772 million in a new stock offering, negotiated new loan terms with banks, and sold $6.2 bi... |
Why Eldorado Resorts Is Trading Lower TodayEldorado Resorts (NASDAQ: ERI ) shares are trading lower on Frida after reports emerged New Jersey regulators are mulling Eldorado buyout of Caesars Entertainment Corporation (NASDAQ: CZR ). Eldorado Resorts is a gaming and hospitality company. It owns and operates gaming facilities located … Full story available on Benzinga.com |
Eldorado Resorts Secures Approval From New Jersey Casino Control Commission in Connection With Its Pending Acquisition of Caesars EntertainmentRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced that at a meeting today, the Company received approval from the New Jersey Casino Control Commission in connection with its pending acquisition of Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”), subject to applicable conditions. Eldorado and Caesars have received all required regulatory approvals necessary to close the merger. About Eldorado Resorts, Inc. Eldorado is a leading |
Eldorado Resorts and Caesars Entertainment Announce Preliminary Results of Elections Made by Caesars Stockholders in Connection With the Proposed MergerRENO & LAS VEGAS, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) and Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars” or “Caesars Entertainment”) today announced the preliminary results of the elections made by Caesars stockholders as to the form of consideration they wish to receive in connection with the previously announced merger (the “Merger”) of Caesars with a subsidiary of Eldorado pursuant to the parties’ Agreement and Plan of Merger, |