Eldorado Resorts Inc. on July 20 said it completed its acquisition of Caesars Entertainment Corp. for $17.3 billion, creating the largest casino and entertainment company in the U.S.
The combined company named Caesars Entertainment Inc. now owns and operates more than 55 casino properties across the globe, including eight casino hotel properties on the Las Vegas Strip.
In the U.S., Caesars owns or operates casinos in 16 states: Nevada, Colorado, Missouri, Iowa, Florida, Mississippi, Louisiana, Ohio, Illinois, Indiana, New Jersey, Pennsylvania, Arizona, North Carolina, California and Maryland.
"We are pleased to have completed this transformative merger, thus making us the premier leader in gaming and hospitality," said Tom Reeg, CEO of the merged entity.
J.P. Morgan, Credit Suisse and Macquarie Capital served as financial advisers to Eldorado, while Milbank LLP and Latham & Watkins LLP served as its legal counsel.
PJT Partners LP served as financial adviser to Caesars Entertainment Corp., while Skadden Arps Slate Meagher & Flom LLP served as its legal counsel.