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Eldorado Buys Caesars to Build U.S. Gaming, Sports Betting Giant

By Sports Technology Wire on June 24, 2019

Eldorado Resorts has inked a takeover deal of Caesars Entertainment. The deal will create the largest U.S. gaming company with aspirations to form “strategic alliances with industry leaders in sports betting.”

The companies announced that they have entered into a “definitive merger agreement” that will combine the two leading gaming companies and their complementary national operating platforms, brands, and a  “collective commitment to enhancing guest service and shareholder value.”

The combined company will own 60 domestic casino-resorts and gaming facilities across 16 states. In addition to Caesars’ loyalty program, regional network, and Las Vegas assets, the new company will gain access to Caesars’ growing list of sports betting partners.

Caesars has been competing with rival MGM Resorts for deals in the sports gambling space. Both companies have signed a number of deals over the year since the U.S. Supreme Court overturned PASPA and began allowing states to legalize sports wagering.

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