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Eldorado Resorts Buying Caesars Entertainment
JacobslifeinVegas
Published: 5 years ago
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JacobslifeinVegas
Today we are talking about something that could have a big impact on Las Vegas-Caesars Entertainment being bought by Eldorado Resorts. There was a big push by billionaire investor Carl Icahn to sell Caesars earlier this year. Caesars is the second biggest hospitality company in Las Vegas after MGM Resorts. Eldorado does not have any properties in Las Vegas, but they do in Reno, NV and 12 other states across the U.S. Caesars does have a lot of debt that they have been dealing with and bankrupted part of it in 2015. What will happen from here? Will some of the hotels that are part of the Caesars brand get sold?
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