July 17, 2020
FILE - In this June 24, 2019, file photo, the Eldorado Resort Casino stands in Reno, Nev. New Jersey gambling regulators began Wednesday, July 15, 2020, to consider Nevada-based Eldorado Resorts Inc.'s plan to buy Caesars Entertainment Corp. in a sweeping $17.3 billion deal affecting four of nine casino properties in Atlantic City.
A $17.3 billion buyout creating the world's biggest casino company won final approval Friday, with New Jersey gambling regulators agreeing to let Nevada-based Eldorado Resorts Inc. acquire Caesars Entertainment Corp. It comes after an antitrust analyst had assured the New Jersey Casino Control Commission that the deal affecting four of the nine casino-resorts in Atlantic City would not concentrate too much of the local gambling economy in one company's hands.
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