Merger of casino giants wins Federal Trade Commission approval

[TexasTowelie]

The Federal Trade Commission has given its blessing to a $17.3 billion merger of two casino giants that will bring five of Indiana's 13 state-regulated gaming facilities, including Hammond's Horseshoe Casino, under the control of a single owner.

Caesars Entertainment Corp. announced Friday it won FTC approval of a consent order for Caesar's merger with Eldorado Resorts, Inc. that satisfies all federal antitrust clearances required for the merger.

The FTC agreement mandates Eldorado divest one casino in South Lake Tahoe, Nevada, another in Bossier City-Shreveport, Louisiana, and to follow through on its planned sale of a casino in Kansas City, Missouri.

The merger still requires sign off by the Indiana Gaming Commission, Indiana Horse Racing Commission, Nevada Gaming Control Board, Nevada Gaming Commission and New Jersey Casino Control Commission before it can be completed.

Read more: https://www.nwitimes.com/business/gambling/merger-of-casino-giants-wins-federal-trade-commission-approval/article_1b588496-be91-5ba4-98cf-b136f7a00c65.html
(Northwest Indiana Times)

[ProfessorGAC]

1. Well, Someone Can Run A Casino Profitably!

In fact, a lot of somebodies.
But, I know someone who couldn't.

[Wellstone ruled]

2. 13.4 Billion plus debt already on the Books.

BTW,Trump's Business Partner here in Vegas is a party to this deal.

[MurrayDelph]

3. I'm disappointed that

they'd already closed Harrah's Reno, which is across the street from the three Eldorado properties across from it; it was a great place for cheap rooms, and I had enough credit for two nights.

It was my favorite place to stay when commuting between Portland and Los Angeles.