Eldorado Resorts $8.5 billion acquisition of Caesars Entertainment

Overview:

• Eldorado Resorts has acquired Caesars Entertainment in an $8.5 billion deal to create the largest gaming company in the United States. 
• In connection with the deal, Eldorado made a master transaction agreement with VICI Properties tied to real estate assets. 
• Caesars emerged from Chapter 11 restructuring in 2017. 
• JP Morgan, Credit Suisse and Macquarie Capital acted as financial advisers to Eldorado, while PJT Partners advised Caesars. 
• The transaction is expected to close in the first half of 2020. 

Kurt Stumpo - US Editor