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Eldorado's planned $17.3B merger with Caesars cleared in Louisiana

Eldorado Resorts Inc. said Jan. 16 that it secured approval from the Louisiana Gaming Control Board for its proposed $17.3 billion merger with Caesars Entertainment Corp.

The two Nevada-based casino operators agreed to merge in a cash-and-stock deal in June 2019. The parties already received regulatory approval in Missouri for the transaction.

The deal is expected to be completed in the first half, subject to the receipt of all regulatory approvals and other closing conditions.