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Eldorado Resorts to buy Caesars Entertainment in $17.3B deal
Fox News ^ | June 24, 2019 | Ken Martin

Posted on 06/24/2019 6:27:23 AM PDT by C19fan

U.S. casino operator Eldorado Resorts Opens a New Window. has agreed to buy Caesars Entertainment Opens a New Window. in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.

Eldorado will acquire all of the outstanding shares of Caesars for a total value of $12.75 per share, consisting of $8.40 per share in cash consideration and 0.0899 shares of Eldorado common stock for each Caesars share of common stock.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Travel
KEYWORDS: gambling
Caesars stock price has been moribund for the past 4 years as the casino arm declared bankruptcy in 2015. There was a series of debt financed acquisitions where Caesars became the only player on the LV Strip. Now a what seems to be a little fish is going to eat the bigger sick fish.
1 posted on 06/24/2019 6:27:23 AM PDT by C19fan
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To: C19fan

Caesars sure has one of the top locations on the strip and a huge property. Amazing how some can make millions and others go bankrupt.


2 posted on 06/24/2019 6:30:37 AM PDT by 1Old Pro
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To: C19fan

“The Loosest Craps In Town”


3 posted on 06/24/2019 6:30:44 AM PDT by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: 1Old Pro
Caesars sure has one of the top locations on the strip and a huge property.

The problem with Caesars is they need a major update to their property. It looks like they are still in the 70's. No comparison to the likes of the Wynn or others on the strip.

4 posted on 06/24/2019 6:51:09 AM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: unixfox

And Wynn is about to build “The Finale”.


5 posted on 06/24/2019 6:57:38 AM PDT by 1Old Pro
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To: unixfox

Caesars Palace itself isn’t too bad, but many of the others like Flamingo and Rio and even Paris are really showing their age. They have put a lot of money into The Linc and the new convention center they are going to build behind Harrah’s - we’ll see if this merger speeds things up a little.


6 posted on 06/24/2019 6:58:21 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: C19fan

Being that we live just 90 miles from that town, when we go there, generally to the airport and get to hell out as fast as we can.

Laughlin is a nicer town if your into gaming. Problem is, although they do have the airport they havent the flights into it.

Dont know much about Reno other than driving through it.


7 posted on 06/24/2019 7:02:58 AM PDT by crz
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To: C19fan

MGM owns about half the Strip Casinos now. The big names. I normally stay at The Mirage. Use to stay downtown. Golden Nugget. Until the fish-mongers took over.


8 posted on 06/24/2019 7:09:40 AM PDT by donozark (There are no flamingos in Venezuela.)
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To: C19fan

Caesars learns gambling doesn’t pay who knew.


9 posted on 06/24/2019 7:16:54 AM PDT by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: C19fan

“”Opens a New Window. has agreed to buy Caesars Entertainment Opens a New Window. “”

Can someone please tell me what the “Opens a New Window” means??? It appears more and more in articles and is really irritating!


10 posted on 06/24/2019 7:37:47 AM PDT by Thank You Rush
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To: Thank You Rush
Can someone please tell me what the “Opens a New Window” means??? It appears more and more in articles and is really irritating!

It means the same thing as "At the end of the day, OR starting every sentence with "SO", or saying yea, yea yea 3 times in a response to someone.

11 posted on 06/24/2019 7:40:34 AM PDT by 1Old Pro
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To: unixfox

I still prefer their premium rooms above any on the strip in their price range.
Reserved in advance, it is the cost of any other ‘regular’ room booked a few weeks in advance.

A very large room, a giant Jacuzzi, amenities that put normal rooms to shame.


12 posted on 06/24/2019 7:46:06 AM PDT by Verbosus (/* No Comment */)
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To: unixfox

Caesars has been updating their rooms, for years. We stay there pretty much every year now. For some reason, the Venetian stopped offering us free rooms.. and, anyway.. as much as I love the Venetian, it always seems to stay PACKED with crazy conference goers.

Last time we stayed there, it was a huge group of cigar smokers. You just about couldn’t see in the casino.


13 posted on 06/24/2019 11:21:38 AM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them!it)
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To: Thank You Rush

It appears whenever a link exists ? Some translator or copy and paste snafu.


14 posted on 06/24/2019 11:28:20 AM PDT by justa-hairyape (The user name is sarcastic. Although at times it may not appear that way.)
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To: 1Old Pro

“”It means the same thing as “At the end of the day, OR starting every sentence with “SO”, or saying yea, yea yea 3 times in a response to someone.””

Where on earth do these things come from? It’s very irritating but if it would stop people from starting every sentence with “SO” - I can weather it!


15 posted on 06/25/2019 6:12:01 AM PDT by Thank You Rush
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To: justa-hairyape

“”It appears whenever a link exists ? Some translator or copy and paste snafu.””

Well, that makes more sense than the reply in #11...can’t find how it would even fit the way that reply stated...but I did like the idea of getting rid of starting every sentence with “so”...We need to get rid of the people who use such irritating language...If some of us stick around much longer, we won’t understand what people mean or are talking about! It’s almost that bad now.


16 posted on 06/25/2019 6:18:11 AM PDT by Thank You Rush
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