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FTC Clears Way For $17.3B Eldorado-Caesars Merger

By  |  June 28, 2020

Eldorado Resorts announced Friday, June 26, that the Federal Trade Commission (FTC) has accepted a proposed consent order, which concluded the FTC’s review of Eldorado’s pending merger with Caesars Entertainment. The acceptance of the consent order satisfies all required antitrust clearances for the merger. 

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    As part of the merger, Eldorado is selling the MontBleu casino in Stateline. Caesars owns both Harveys and Harrah’s at Stateline.

    The consummation of the merger remains subject to the satisfaction of other closing conditions, including receipt of all consents and approvals from the Nevada Gaming Control Board, Nevada Gaming Commission, New Jersey Casino Control Commission, Indiana Gaming Commission and Indiana Horse Racing Commission.

    “We are delighted to announce the FTC’s approval of our planned Merger with Caesars, which is expected to create the largest owner and operator of U.S. gaming assets. We look forward to completing the Merger, subject to receipt of the remaining consents and approvals from regulators in Nevada, New Jersey and Indiana,” said Eldorado Resorts Chief Executive Officer Tom Reeg.

    The FTC is requiring Eldorado Resorts to sell the MontBleu as part of a US$17.3 billion agreement to acquire Caesars Entertainment.

    Full Content: FTC

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