Caesars Entertainment, Inc., the company formerly known as Eldorado Resorts, announced today that it completed its acquisition of Caesars Entertainment Corporation in a $17.3 billion merger to create the largest casino and entertainment company in the U.S.
The combined company owns and operates more than 55 casino properties worldwide, eight casino hotel properties on the Las Vegas Strip. In addition Caesars owns or operates casinos in 16 states across the U.S. including Nevada, Colorado, Missouri, Iowa, Florida, Mississippi, Louisiana, Ohio, Illinois, Indiana, New Jersey, Pennsylvania, Arizona, North Carolina, California and Maryland.
“We are pleased to have completed this transformative merger, thus making us the premier leader in gaming and hospitality,” Tom Reeg, CEO of Caesars said in a statement today. “We look forward to executing on the numerous opportunities ahead to create value for all stakeholders. … We look forward to implementing all of the strategic initiatives that will position the company for continued growth.”
As part of the merger, William Hill will be taking over the sportsbook operations within Caesars’ properties.
Combining CEC and Eldorado will “further solidify” the Caesars Rewards as the largest and most rewarding loyalty program in the industry with over 60 million members, the company said.
This provides more benefits to current and future Caesars Rewards members, offering more ways to play and earn reward credits and experiences.
The company said CEC is also known as a pioneer in the gaming industry for its longstanding commitment to corporate social responsibility. This includes an even greater emphasis on diversity and inclusion programs along with gender equity initiatives.