Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy
tall (167.6 m) High Roller observation wheel, the tallest in the world, in seen in Las Vegas/ (Reuters) - U.S. casino operator Eldorado Resorts Inc has agreed to buy rival Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on larger companies such as Las Vegas Sands and Wynn Resorts. The deal comes more than three months after Caesars agreed to give billionaire investor Carl Icahn three board seats to his representatives and a say on the selection of its next chief executive officer. ...
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