Some would say this is long overdue, but Carl Icahn finally got his wish! A sale of Caesars Entertainment was imminent, but they were just purchased by a surprise player in the space!
According to Reuters and many other news sources, the total deal is valued at close to $18 Billion, and would establish Eldorado Resorts as one of the premier casino players in the industry! Caesars Entertainment has long had financial woes, and this latest piece is from an onslaught of pressure coming from their activist investor, Carl Icahn.
Eldorado is based in Reno, NV, and has many hotels across the US, and several with the Lady Luck name! Clearly, that’s near and dear to my heart for obvious reasons 🙂
Here’s Carl Icahn’s wikipedia page for those inquiring minds: https://en.wikipedia.org/wiki/Carl_Icahn Eldorado Resorts out of Reno, NV is just finalizing this deal valued at over $18 Billion, and would make it a serious contender in the MGM Resorts, Sands Corp, and Wynn race for Vegas supremacy!
WE typically make slot machine videos for you guys to watch, but this seemed like very important news to the slot community as a whole! Caesars Entertainment is an iconic force in Las Vegas, and has been for over 7 decades! Take a peek at this crazy news and let me know what you think below! This is part of our Real Reel vlog series! #LasVegas #CaesarsPalace #LadyLuckHQ