Eldorado Resorts Inc’s $17 Billion Acquisition of Caesars Entertainment Corporation
Eldorado Resorts Inc’s $17 Billion Acquisition of Caesars Entertainment Corporation has been completed.
Eldorado Resorts, Inc. (now Caesars Entertainment, Inc.), completed its $17 billion acquisition of Caesars Entertainment Corporation. Blank Rome LLP and Latham & Watkins LLP advised Eldorado Resorts Inc on the deal.
Announced in July, this merger has created the largest casino and entertainment company in the United States, with Caesars now owning and operating more than 55 casino properties worldwide, including an iconic portfolio of eight casino hotel properties on the Las Vegas Strip. The combination of CEC and Eldorado will also further solidify Caesars Rewards as the largest and most rewarding loyalty program in the industry with over 60 million members.
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties.
The Blank Rome team was led by Stephen Schrier and included Holly L. Eicher, Michael J. Medveckus, Mark I. Rabinowitz, Bruce A. Eisenberg, Ashley N. Catalano-Leckerman, Jeremy N. Kolman, Lauren E. O’Donnell and Joel Charles Shapiro.