Caesars returns to sound among the main game

Eldorado Resorts is positioned as one of the world's leading giants by acquiring the Caesars group.

The game market in the United States has begun the summer with a news that completely changes the panorama. Following the announcement of negotiations in March 2019, finally Eldorado Resorts buys Caesars Entertainment Corporation for $ 17,300 million between cash, actions and debt accumulated by the company in recent years. The offer was accepted 3 days ago.

Eldorado thus becomes one of the main game operators and entertainment of the country along with MGS Resorts, Wynn Resorts and Las Vegas Sands, owners among others as emblematic casinos such as The Venetian, Bellagio or The Palazzo in Las Vegas. With the Eldorado acquisition, it is going to handle 26 casinos to 60 active properties (some of enormous popularity) spread over 16 states, which will predictate the name Caesars as a trademark.

On Eldorado.

Founded in 1973 by the CARANO FAMILY (currently own 14%) based in Reno, Nevada. The first property of the company was the hotel and Casino Eldorado in Reno. In 1995, it was associated with Circus Circus to open the Silver Legacy Resot Casino, before reorganizing as Eldorado Resots LLC in 1996. As a company in recent years it has come to reach 500% of its value.

About CAESAR.

The Harrah's Group acquired Caesars Entertainment in 2005. Before I had belonged to the Hilton group, becoming the largest operator of casinos throughout the world. Since 2010, the company passed through difficult times to the edge of bankruptcy, which came up 2 years ago.