Caesars Entertainment and Eldorado Resorts Merger Completed

The largest casino operator in the U.S. was born on Monday. The deal fusing Eldorado Resorts (NASDAQ: ERI) and Caesars Entertainment (NASDAQ: CZR) has closed, the combined company announced in a press release.

The announcement is the culmination of a deal that was first reported in June 2019 and subsequently had to win a set of regulatory approvals. The arrangement was valued at roughly $17.3 billion at the time it was agreed, split between $7.2 billion in cash and 77 million shares of Eldorado stock.

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Source Fool.com