a full approval in a large state<\/a> that’s undergoing significant gaming expansion.<\/p>\n<\/div>\nEldorado runs the Grand Victoria riverboat casino in Elgin, Ill. while Caesars has two Harrah’s properties in the Prairie State \u2013 one in Joliet and the Metropolis riverboat.<\/p>\n
Speaking of the Midwest, Iowa regulators are expected to consider the ERI\/Caesars marriage next week. The companies operate a total of four Hawkeye State properties under the Isle of Capri, Harrah’s and Horseshoe brands<\/strong>.<\/p>\nThe Big One Still Looms<\/h2>\n
With the IGB approval in the bag, ERI still needs permission from another 15 states to finalize the Caesars takeover. While there are concentration concerns in Nevada, regulators there will likely approve the deal because Eldorado could, and Caesars already has, divested a venue in the northern part of the state.<\/p>\n
Additionally, it’s widely expected that one or two Caesars Las Vegas Strip venues will be sold when the transaction is completed.<\/p>\n
That leaves New Jersey as the elephant in the regulatory room for Eldorado. On the Atlantic City Boardwalk, the company runs the Tropicana, while Caesars manages Bally’s Caesars Palace and Harrah’s<\/strong>.<\/p>\nThat’s four of the nine casinos there, and while it’s clear nine is too many<\/a>, Garden State officials probably don’t want ERI executives to tell them a closure is planned, because that would create a significant amount of displaced workers.<\/p>\n","protected":false},"excerpt":{"rendered":"Eldorado Resorts, Inc. (NASDAQ:ERI) is aiming to wrap up its $17.3 billion purchase of Caesars Entertainment Corp. (NASDAQ:CZR) in the first half of this year. It took steps toward accomplishing that objective with a new batch of regulatory approvals gained this week. Two state horse racing commissions and one gaming control board this week signed […]<\/p>\n","protected":false},"author":46,"featured_media":125689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,32093],"tags":[],"acf":[],"yoast_head":"\n
Eldorado Sewed up Three More Approvals for its Caesars Takeover<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n