Published
CasinoMergers & AcquisitionsIndustry

Eldorado Resorts and Caesars Entertainment in early merger talks

Eldorado Resorts and Caesars Entertainment are said to be in the early stages of merger discussions.

eldorado

According to Reuters, a source has said Caesars is providing confidential financial information to Eldorado as the operator carries out due diligence.

No offer has been made, according to the source, while there is no certainty a deal will be reached.

The reports come as no surprise following activist investor Carl Icahn’s purchase of a 17.75% stake in Caesars.

Icahn has urged Caesars to pursue an M & A strategy and, having been granted three seats on the board with a view to a fourth by the operator, now wields considerable influence within the company.

Whether anything will materialise from these early talks is unclear, as initial contact between the two firms was already reported in 2018.

Further deals rumoured to have been explored were a Caesars merger with MGM Resorts International, as well as Caesars rejecting a reverse merger offer from Golden Nugget.

However, with Icahn now the largest individual shareholder, there may be far more willingness on the company's part to reach a deal with Eldorado.

Gambling Insider has reached out to both operators for comment.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...