{"id":10037,"date":"2019-06-29T13:51:36","date_gmt":"2019-06-29T13:51:36","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2019\/06\/29\/el-dorado-buying-ceasars-entertainment\/"},"modified":"2019-06-29T13:51:36","modified_gmt":"2019-06-29T13:51:36","slug":"el-dorado-buying-ceasars-entertainment","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2019\/06\/29\/el-dorado-buying-ceasars-entertainment\/","title":{"rendered":"El Dorado buying Ceasars Entertainment"},"content":{"rendered":"<p><!-- Original Post Content --><br \/>\nCeasars Entertainment has really been looking to sell. The newest prospective buyer is El Dorado, which is worth half the current value of Ceasars. <\/p>\n<p>\tEl Dorado is worth $4 billion and has $3 billion in debt.<br \/>\n\tCeasars Entertainment is worth $6.7 billion and has $8.8 billion in debt.<br \/>\n\tSo, 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\u2019s Atlantic City will lose its casino and become a hotel only extension to Ceasars.<\/p>\n<p>\tEl Dorado is buying 51% of the stock for a majority ownership and will have 6 of the 11 board membership.<\/p>\n<p>\tThis does not have the makings of a successful merger.<\/p>\n<p>\t<!-- m --><a class=\"postlink\" href=\"https:\/\/news.worldcasinodirectory.com\/eldorado-resorts-incorporated-agrees-deal-for-caesars-entertainment-corporation-68080\">https:\/\/news.worldcasinodirectory.com\/e &#8230; tion-68080<\/a><!-- m --><\/p>\n<hr>\n<h3>Replies:<\/h3>\n<div class=\"migrated-reply\" style=\"border: 1px solid #eee;padding: 15px;margin-bottom: 15px;border-radius: 5px\">\n<p><strong>Posted by:<\/strong> Tug on July 17, 2019, 11:02 am<\/p>\n<div>El Dorado recently purchased Tropicana near me last fall&#8230;.seems to me they acquired 9 casinos then&#8230; I could be wrong on the number though.<\/div>\n<\/div>\n<div class=\"migrated-reply\" style=\"border: 1px solid #eee;padding: 15px;margin-bottom: 15px;border-radius: 5px\">\n<p><strong>Posted by:<\/strong> Finisher on July 21, 2020, 12:54 am<\/p>\n<div>\n<p>they did it today . They even changed the logo already .<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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&#8230;<\/p>\n","protected":false},"author":179,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-10037","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/10037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/179"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=10037"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/10037\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=10037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=10037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=10037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}