pull more than $1.1 billion<\/a> from three lines of credit, fully extending those lines, according to a filing to the US Securities and Exchange Commission.<\/p>\nEldorado Stock Falling, Too<\/h2>\n
Caesars is in the process of completing a merger with Reno, Nev.-based Eldorado Resorts. While the new company would retain the Caesars name, Eldorado would hold the majority stake in the $17.3 billion venture.<\/p>\n
Like its partner, Eldorado is also getting pummeled on Wall Street.<\/p>\n
Pre-market trading on Wednesday had Eldorado\u2019s stock at $9 per share, which would set a 52-week low at Wednesday\u2019s opening.<\/p>\n
On Feb. 20, Eldorado\u2019s stock hit $70.74, a five-year high.<\/p>\n
At least one Eldorado property appears to remain open on Wednesday. That would be the Isle of Capri Pompano Park in Pompano Beach, Fla.<\/p>\n
The Florida casino tweeted Tuesday it would close its poker room for the safety of its guests and employees. The casino is still assessing the COVID-19 outbreak and said online that it plans to follow the guidance of the World Health Organization, the US Centers for Disease Control and Prevention, and other health bodies.<\/p>\n","protected":false},"excerpt":{"rendered":"
After governors in several states had already issued orders to temporarily close casinos because of the COVID-19 coronavirus, Caesars Entertainment Corp. announced late Tuesday that it would shut down all the properties the company owns in North America. In a statement delivered a couple hours after Gov. Steve Sisolak announced a 30-day shutdown of casinos […]<\/p>\n","protected":false},"author":45,"featured_media":130419,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[],"acf":[],"yoast_head":"\n
Caesars Announces North American Venues Shut Down Due to COVID-19<\/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