The gaming industry has experienced a number of mergers and acquisitions. Most recently, Eldorado Resorts, Inc. (ERI) and Caesars Entertainment Corporation (CZR) announced a merger to com-bine the two companies in a deal valued at approximately $17.8 billion. Reasons cited for the transaction included complementary national operating platforms, strong brand awareness, strategic industry alliances and a collective commitment to enhancing guest service and share-holder value. With approximately 60 domestic casino-resorts and gaming facilities across 16 states, the combined company would be the largest owner and operator of gaming assets in the United States. Subject to shareholder and regulatory approval, the deal includes $7.2 billion in cash, 77 million Eldorado common shares and the assumption of Caesars’ outstanding debt of $8.8 billion.
GAMING INDUSTRY: PERFORMANCE REVIEW
