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Caesar Entertainment’s and Eldorado Resort’s Shareholders Set To Vote On The Merge

The US$17.3 billion merger between Caesars Entertainment and Eldorado Resorts is coming close, and in order to vote on it, both companies have announced the separate shareholder meetings on November 15th.

Caesars shareholder will meet at Caesars Palace in Las Vegas while Eldorado shareholders will cast their votes on Eldorado Resort, Reno. This is supposed to be one of the greatest merges in gaming history and Eldorado will acquire the entire outstanding share capital in Caesars by way of a US$7.2 billion cash payment, 77 million Eldorado common shares and the assumption of Caesars’ outstanding net debt. The moment the merge is realized, Caesars will be merged with Colt Merger Sub Inc (Eldorady subsidiary) but it will preserve its name.

Source: https://europeangaming.eu/portal/latest-news/2019/10/15/56469/caesars-and-eldorado-set-date-for-shareholders-meetings/

About the author

Aleksandar Krstic

Aleksandar Krstic

A bachelor of journalism, he spent most of the time of his ongoing career as a custom content creator. Experienced in reporting and information gathering, after finishing his contract in a local news agency, Aleksandar began writing for clients outside his native country. Fluent in English, he wrote various types of content, his work ranging from affiliate articles to news reports and creative stories. Aleksandar spent most of his time writing extensively on a myriad of topics, including history, science, technology, esports, culture (both traditional and modern) and arts.

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