Eldorado Resorts is set to finalise its acquisition of Caesars Entertainment Corporation after the New Jersey Casino Control Commission gave its approval to the proposed merger.The two operators announced the deal last year, with Eldorado agreeing to pay $17.3bn – $7.2bn in cash, and approximately 77m Eldorado common shares – to take ownership of Caesars.
The deal was subject to a number of regulatory approvals and closing conditions, though clearance from the New Jersey authority means Eldorado and Caesars have now secured all the required regulatory approvals to complete the merger.
Eldorado had previously said it hoped to complete the acquisition before the end of the first half of 2020.
