Eldorado wins Louisiana approval for Caesars acquisition
Casino operator Eldorado Resorts has secured approval from the Louisiana Gaming Control Board to proceed with its pending acquisition of Caesars Entertainment Corporation.
Announced in June last year, Eldorado agreed to acquire Caesars in a deal worth $17.3bn, subject to certain regulatory approvals.
Clearance by the Louisiana Gaming Control Board was one of several conditions of the deal, and the approval means Eldorado takes a step closer to completing the acquisition.
Eldorado expects to finalise the acquisition during the first half of 2020, subject to all required regulatory approvals and other closing conditions.