Should You Bet on a Las Vegas Recovery With Caesars Stock?
Caesars Entertainment (NASDAQ: CZR) and Eldorado Resorts are world-famous casinos with magnificent hotels and locations around the world. The two gambling giants recently closed their merger in a $17.3 billion transaction. Together, they will become one of the largest casino operators in the United States.
Now that the merger is complete, what can investors expect from the combined entity?
The deal to merge Caesars and Eldorado was announced in June 2019. Eldorado agreed to acquire Caesars for $12.75 per share in cash and stock, valuing Caesars at about $17.3 billion. Despite Eldorado serving as the acquirer, the combined company chose to keep Caesar's name.
Source Fool.com
