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Eldorado Secures LGCB Approval for Caesars Acquisition

Eldorado Secures LGCB Approval for Caesars AcquisitionReading Time: < 1 minute

 

Eldorado Resorts has secured approval from the Louisiana Gaming Control Board (LGCB) for its pending acquisition of Caesars Entertainment.

Eldorado had announced in June 2019 an agreement to merge with Caesars Entertainment for about $8.58 billion. The transaction is expected to be consummated in the first half of 2020 and remains subject to the receipt of all required regulatory approvals and other closing conditions.

“The agreement to divest the Eldorado Shreveport is consistent with our continued focus on reducing debt ahead of the expected closing for the Caesars transaction in the first half of 2020,” Tom Reeg, CEO of Eldorado, said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eldorado Secures LGCB Approval for Caesars Acquisition

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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