Eldorado secures further regulatory approval for Caesars acquisition
US casino operator Eldorado Resorts has secured approval from the Mississippi Gaming Commission to proceed with its pending acquisition of Caesars Entertainment.
Eldorado in June 2019 agreed to acquire Caesars in a deal worth $17.3bn (£13.4bn/€16.0bn), though the arrangement is subject to various approvals, including clearance from certain state regulatory bodies.
Approval by the Mississippi Gaming Commission was one of the conditions that Eldorado and Caesars had to satisfy on order to push ahead with the deal.
Eldorado said it expects to complete the acquisition during the first half of 2020, though it still remains subject to all other required regulatory approvals, as well various other closing conditions.