The largest casino company is now Eldorado. A $17.3 billion buyout of Caesars Entertainment Corp., previously the biggest casino company, is completed. As a result, Eldorado Becomes the Largest Casino Company.
The Nevada company that started in 1973 with a single hotel-casino in Reno announced Monday it has completed a $17.3 billion buyout of Caesars Entertainment Corp. and will take the iconic company’s name going forward as the largest casino owner in the world.
The New Jersey gambling regulators agreed to allow the acquisition as long as Eldorado adheres to several requirements. Lifting all deed restrictions on three Atlantic City properties and committing to significant capital investment over the next several years were the primary issues.
Eldorado Becomes Largest Casino Company
Who Is Eldorado?
Eldorado began with a single family-owned casino-hotel in Reno, Nevada, in 1973. In 2005, the company took over the bankrupt Hollywood Casino Shreveport in Louisiana, expanding for the first time outside Nevada.
Between 2005 and 2018, Eldorado Resorts grew to over 25 properties. With the recent acquisition, it will have 52 properties in 16 U.S. states. Casino-resorts on the Las Vegas Strip include Caesars Palace, Paris Las Vegas, Planet Hollywood, Flamingo, and Linq. Eldorado Resorts will keep its entire portfolio under the Caesars name.
Besides, Caesars Rewards members can now link their Caesars Rewards account to a TS Rewards account with matching status. Plus, transfer your Reward Credits to TS points and vice versa. Keep all your current tier status, Tier Credits®, loyalty currency, and benefits from the following rewards clubs:
So, What Has Caesars Been Doing Lately?
The Caesars Superdome?
Recently, the NFL’s New Orleans Saints and Caesars Entertainment Inc. inked a 20-year deal that gives the Reno, Nevada-based casino operator exclusive naming rights to the Superdome, as well as greatly expanding the partnership between the two organizations with the aim of bringing more big sporting events and entertainment acts to New Orleans. The deal is the first explicit name rights deal between an NFL franchise and a major casino operator, a result of a steady easing of restrictions on gambling-related sponsorship by the football league.