Ceasars Entertainment has really been looking to sell. The newest prospective buyer is El Dorado, which is worth half the current value of Ceasars.

El Dorado is worth $4 billion and has $3 billion in debt.
Ceasars Entertainment is worth $6.7 billion and has $8.8 billion in debt.
So, together that will be $10.7 billion market value with $11.8 billion in debt. El Dorado claims it will find $500 million in savings. Rumor has it that Bally’s Atlantic City will lose its casino and become a hotel only extension to Ceasars.

El Dorado is buying 51% of the stock for a majority ownership and will have 6 of the 11 board membership.

This does not have the makings of a successful merger.

https://news.worldcasinodirectory.com/e … tion-68080

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