{"id":26716,"date":"2019-06-26T12:00:23","date_gmt":"2019-06-26T12:00:23","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=26716"},"modified":"2019-06-26T12:58:53","modified_gmt":"2019-06-26T12:58:53","slug":"anatomy-of-a-merger-part-1-caesars-will-be-a-land-based-casino-giant","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/anatomy-of-a-merger-part-1-caesars-will-be-a-land-based-casino-giant\/","title":{"rendered":"Anatomy Of A Merger Part 1: Caesars Will Be A Land-Based Casino Giant"},"content":{"rendered":"

In a deal that has far-reaching implications, Eldorado Resorts agreed to purchase and merge with Caesars Entertainment<\/a>. In a new three-part series, PlayUSA<\/b> will analyze how the $17.3 billion deal<\/strong> impacts the land-based casinos, online gambling and sports betting. \u00a0<\/em><\/p>\n

During a conference call following yesterday\u2019s announcement, the two casino companies stated that the merger of Eldorado Resorts<\/strong> and Caesars Entertainment<\/strong> is expected to close in the first half of 2020<\/strong>. Of course, that\u2019s contingent upon approval by shareholders, multiple state regulatory bodies and the FTC.<\/p>\n

In this, the first installment of the series, PlayUSA<\/em> will take a look at the impact of the sale on land-based gaming<\/strong>, and what its land-based casino assets might look like in the future.<\/p>\n

Is this the end of Eldorado\u2019s acquisition phase?<\/span><\/h2>\n

Though the Caesars deal<\/a> is easily the biggest move, over the past couple years, Eldorado has been quite the acquisition spree.<\/p>\n

Eldorado acquired Isle of Capri Resorts<\/strong> for $1.7 billion in 2017, adding a dozen casinos to ERI\u2019s assets<\/a><\/strong>.<\/p>\n

In conjunction with Gaming and Leisure Properties,<\/strong> it purchased seven casinos from Tropicana Entertainment<\/a><\/strong> in 2018. The price tag was $1.85 billion.<\/p>\n

Eldorado also added the Grand Victoria Casino<\/a><\/strong> in Illinois for the price of $327.5 million in 2018.<\/p>\n

At present, Eldorado operates 26 casinos in 12 states<\/strong>, and Caesars operates nearly 40 casinos in 13 states<\/strong>. When Eldorado and Caesars merge, the new \u201cCaesars\u201d will become the largest land-based company in the world.<\/p>\n

As currently constituted, it will boast some 60 casinos spread across 16 US states<\/strong>.<\/p>\n

The other combined numbers of the two companies are just as eye-catching:<\/p>\n