Caesars Entertainment Allegedly Loses on Rio Sale
Caesars Entertainment on The Market
Caesars Entertainment themselves are currently on the market, after years of financial struggles. The casino giant is expected to be purchased by former competitor, Eldorado Resorts Inc for $17.3 billion. Should the purchase be approved, Eldorado Resorts will become the biggest casino group in the United States.
It is unclear whether or not Eldorado Resorts will place anymore Caesars properties on the market after the purchase is confirmed. Eldorado CEO Thomas Reeg did state in June that they could get rid of two of the company’s Las Vegas properties.
For more on the latest US casino news, make sure to keep visiting BestUSACasinoSites.com – your number one casino news source!