Nevada Gaming Regulators to Review Caesars-Eldorado Merger This Week
Nevada gaming regulators are set to review the merger between Eldorado Resorts and Caesars Entertainment this week.
Both the Nevada Gaming Control Board and the Nevada Gaming Commission are set to meet back to back at 9:30 am on July 8 and have included the deal to the matters that will be discussed and voted on.
The combination will create the largest US casino operator by number of properties owned. The deal was first announced in June 2019.
Nevada is one of the few states left where regulatory approvals for the finalization of the tie-up are still pending. Regulators in Indiana and New Jersey are, too, yet to vote on the deal. Their boards have scheduled meetings on July 10 and July 15, respectively.
The merger between Caesars and Eldorado was originally expected to close by the end of March. However, the coronavirus pandemic hit the United States in mid-March causing major disruptions in the casino industry and eventually delayed the finalization of the deal.
