The Road Of Eldorado – The Biggest Casino Firm In The US

Shareholders in Eldorado Resorts and Caesars Entertainment Corporation have given the green light at separate Special Meetings of Stockholders for Eldorado’s acquisition of Caesars to proceed.

As it seems the meeting was very much fruitful as the statement that was published later after the meeting stated that there should be expected the transaction. The document noted that the transaction is expected to be consummated in the first half of 2020 and remains subject to the receipt of all required regulatory approvals and other closing conditions. This might not look like a long list, though definitely sound like a time-consuming.

The Road Of Eldorado

Holders of over 99% of the Eldorado shares that voted on the issuance of shares of Eldorado common stock in connection with transactions contemplated by the merger agreement with Caesars cast their votes in favor, representing approximately 87% of Eldorado’s outstanding common stock as of the record date for the Eldorado stockholder meeting.

Simultaneously, holders of over 99% of the Caesars shares that voted on the merger cast their votes in favor, representing approximately 76% of Caesars’ common stock outstanding and entitled to vote as of the record date for the Caesars stockholder meeting.

Eldorado and Caesars stockholders also approved each of the other matters on their respective meeting agendas, including the Eldorado stockholders’ approval of the reincorporation of Eldorado from Nevada to Delaware subject to and promptly following the consummation of the merger.

The Treasure Of Eldorado

While the whole story seems to be very exciting, the value of the deal is supposed to be as saif worth of 8.58 billion. The worth of the deal in cash and stock is expected to create the largest casino operator in the US. The specific details are still unknown though. There is no additional information about the CEO of the deal or any other inside information. There are only the guesses. One of them includes Eldorado’s current manager to run the combined company. The company will operate under the Ceasar banner, having more than 60 casinos across 16 states on its account. It sounds like the great Ceaser found his way to the Eldorado.