and the public company stock will be traded using the CZR ticker symbol on the Nasdaq exchange starting Tuesday. The newly formed company will be called Caesars Entertainment, Inc. “We’ve gone through unprecedented times over the last few months, but we remained enthused and optimistic about the possibility of this transaction and about the potential of the new company and we’ve never wavered in our determination to get to the finish line,” said Anthony Carano, whose Reno-based family has formed the nation’s largest casino company by closing on the deal. Most of the jobs executives had at Caesars gave way to their Eldorado counterparts at the close, the company’s chief operating officer said Monday. is finally done, triggering a new flurry of layoffs. Though it took more than a year to close the deal, Eldorado Resort Inc.’s $17.3 billion acquisition of Caesars Entertainment Corp. (Colton Lochhead/Las Vegas Review-Journal) “Additionally, we are pleased to welcome all of our Team Members to the combined company, and we look forward to implementing all of the strategic initiatives that will position the company for continued growth.”įor the 60 million people using Caesars Rewards, the loyalty program remains and will expand into the new properties.The Eldorado Resort Casino in Reno on Monday June 24, 2019.

We look forward to executing on the numerous opportunities ahead to create value for all stakeholders,” said Tom Reeg, CEO of Caesars Entertainment, Inc. “We are pleased to have completed this transformative merger, thus making us the premier leader in gaming and hospitality. including Nevada, Colorado, Missouri, Iowa, Florida, Mississippi, Louisiana, Ohio, Illinois, Indiana, New Jersey, Pennsylvania, Arizona, North Carolina, California and Maryland.

The combined company owns and operates more than 55 casino properties worldwide, including eight casino hotel properties on the Las Vegas Strip.Īdditionally, Caesars owns or operates casinos in 16 states across the U.S. The new company owns 50 casinos, enhancing Caesars’ position as the leading regional and destination gaming operator in the U.S. They required ElDorado to divest in the Stateline property along with one in Shreveport. Eldorado Resorts and Twin River Holdings previously entered a deal for the South Shore's MontBleu Resort to satisfy Federal Trade Commission requirements that would have prevented one owner with three properties at Stateline.

What casino is owned by caesars