Saturday, February 24, 2024

Tag: eldorado

Eldorado, Caesars deal could give rise to new issues in Atlantic City

eldorado caesars atlantic city
The $17.3bn merger between Eldorado Resorts and Caesars Entertainment could give rise to a raft of new issues in Atlantic City at a time when the market is still adjusting to its most recent entrants. The agreed merger between Eldorado and Caesars could bring issues already being seen in Vegas to the Atlantic City market. The combined company will control four...

William Hill strikes gold with Eldorado

With the UK retail market stagnant in the wake of government regulation, William Hill has set its sights across the Atlantic in a major distribution agreement with Eldorado. William Hill has confirmed a partnership with US casino operator Eldorado in a bid to establish its place in the country’s nascent sports betting market. The Nasdaq-listed operator, valued at $3.7bn and responsible...

Eldorado secures Tropicana portfolio

Eldorado Resorts has announced it will purchase seven of Tropicana Entertainment’s nine casinos for $1.85bn in a partnership with Gaming and Leisure Properties Inc. The agreement, which excludes Tropicana’s MontBleu and Aruba casinos, will see the six state portfolio acquired through a majority investment of $1.21bn from Gaming and Leisure. The company will then lease the properties exclusively to Eldorado in...