Tag: Tom Reeg

Caesars’ CEO Tom Reeg said the company plans to use the income generated from the divestiture, together with the proceeds from its sale of William Hill’s non-US assets, to reduce debt.

Following the William Hill acquisition Caesars has rebranded its sports betting operations and launched a new marketing campaign, while CEO Tom Reeg said it will likely sell one of its its eight Las Vegas Strip properties in 2022.

As the operator saw signs of recovery in Q1, Caesars Entertainment’s CEO Tom Reeg reported the company is experiencing “extremely robust demand” in its group business segment for H2 2021.

Bally’s Corp has completed its purchase of the northern Nevada resort from Caesars Entertainment. The transaction formed part of a $155m deal which also included Eldorado Shreveport in Louisiana.

While it has recently sold off its assets in Las Vegas, Sands is still looking at gambling expansion opportunities in New York and Texas.

Following the completion of the Eldorado-Caesars Entertainment merger in July, the combined company’s new CEO said it had been “encouraged by operating trends” after reopening its regional properties and highlighted that it is “significantly EBITDA positive in Las Vegas”.

Eldorado Resorts has agreed to sell its Shreveport, Louisiana property for $230m to Las Vegas-based Maverick Gaming.

Eldorado was the term used by the Spanish Empire to describe a mythical tribal chief of the Muisca people - over time, this myth went from being a man..

Eldorado’s premiere diversified regional gaming platform expanded to 19 gaming facilities in ten states following Isle of Capri Casinos acquisition.   Eldorado Resorts, Inc. has completed its previously announced acquisition of Isle of Capri Casinos, Inc. in a cash and stock transaction. The combination creates a premiere, diversified regional gaming platform with combined annual revenue of more than $1.7 billion for the...