Eldorado Resorts Las Vegas Nevada
LAS VEGAS (AP) — Reno-based Eldorado Resorts Inc. received the go-ahead Wednesday from Nevada casino regulators to buy Caesars Entertainment Corp. in a $17.3 billion deal creating a gambling giant owning or operating 55 properties in 16 U.S. states and several other countries.
“There’s only one Caesars Palace. There’s only one Caesars Entertainment, a brand that’s known worldwide,” said Gary Carano, Eldorado Resorts board chairman and member of a northern Nevada family that parlayed ownership of a small hotel-casino in Reno in 1973 into the massive buyout.
The merger won unanimous endorsement after pointed questions from Nevada Gaming Control Board regulators and unanimous approval from the state Gaming Commission. The Federal Trade Commission accepted the plan June 26 after Eldorado agreed to sell properties in Kansas City, Missouri, South Lake Tahoe, California, and Louisiana.
Jul 17, 2020 Nevada’s Eldorado Resorts gets approval to become gambling giant. 12, 2015, file photo, a man takes pictures of Caesars Palace hotel and casino in Las Vegas. A $17.3 billion buyout. 2150 W Jo Rae Ave. Las Vegas, NV 89183. These people are scammers and know how to sell you a lump of Doo Doo. I was apposed to it from the get go, but my Fiance (now Husband) was sucked. Eldorado Resorts-The Cliffs.
“This deal, I believe, works,” Gaming Commissioner Steven Cohen said before his vote. “To get this deal done, in this economic climate, in this climate of COVID-19. Good for you. Good for the state. Good for gaming in the United States.”
Approval in coming days from regulators in Indiana and New Jersey would create the world’s largest casino operation, eclipsing MGM Resorts International, and make Eldorado one of the largest employers in Nevada. The company plans to continue operations and stock trades under the name Caesars Entertainment Inc.
“You should expect us to focus on domestic gaming,” Eldorado chief executive Thomas Reeg said at the start of more than three hours of testimony by various Eldorado executives. Other Caesars brands include Bally’s, Harrah’s and Horseshoe. Las Vegas Strip properties include Paris Las Vegas, Planet Hollywood, Flamingo and Linq.
“We think what we’re good at is taking existing properties, optimizing their operations, building a responsible capital structure and driving value for all of our stakeholders,” Reeg said.
Reno and Las Vegas, NV (July 20, 2020) - Caesars Entertainment, Inc. (“Caesars,” “Caesars Entertainment”, or the “Company”, formerly known as Eldorado Resorts, Inc. Or “Eldorado”) announced today that it completed its acquisition of Caesars Entertainment Corporation (“CEC”). The transaction creates the largest casino. Eldorado Resorts Corp. 2150 W Jo Rae Avenue. Las Vegas, NV 89183.
Reeg and several company officials, including Jan Jones Blackhurst, a former Las Vegas mayor and 20-year Caesars Entertainment executive, termed the merged entity a “new Caesars.” Jones will join the Eldorado board. Caesars Entertainment chief executive Tony Rodio will stay on as adviser, Carano said.
Eldorado will buy Las Vegas-based Caesars stock at $12.30 per share, using $8.70 in cash and the remainder in Eldorado shares, Reeg said. Eldorado will own 56% of the merged company.
Caesars Entertainment shares closed Wednesday at $12.12, up 20 cents. Eldorado Resorts stock ended at $39.75, up $1.72 for the day.
Caesars emerged from bankruptcy protection in late 2017, and turned an Eldorado offer away in 2018. The merger got a boost from billionaire financier Carl Icahn, who acquired a big block of Caesars shares, pushed for company changes and backed hiring Rodio from Icahn’s Tropicana Entertainment, which was sold to Eldorado in 2018.
Gaming Control Board members led by Chairwoman Sandra Douglass Morgan raised questions about employee retention, diversity in the merged boardroom, the amount of acquired debt in the deal and what Reeg acknowledged would be a “nightmare” legal and financial tangle if the merger failed.
Bret Yunker, Eldorado’s chief financial officer, said the companies lost $1 billion with properties closed because of the coronavirus pandemic. But after negotiating several financial agreements in recent weeks, he projected confidence the merged company had cash on hand to “get to the other side of this crisis.”
Reeg tallied about 34,000 employees between the two companies in Nevada before furloughs prompted by COVID-19 shutdowns. He said an unspecified number in jobs like buffets might not return, and about 1,000 mostly corporate positions might be eliminated.
“At the end of the day, we are in the business of chance,” Terry Johnson, one of three members of the regulatory and enforcement board, said before voting yes. “This, too, involves a chance. I think there is a reasonable likelihood of success based on what we have heard so far.”
The Grandview at Las Vegas
9940 Las Vegas Blvd S, Las Vegas, NV
Industry:Hotel/Motel Operation
Doing business as:Grandview at Las Vegas
Eldorado Development Corp., Eldorado Resorts Corp
Registration:Jan 5, 2001
Site:dailymanagementresorts.com
Phone:
Description:The Grandview at Las Vegas is located approximately five miles from McCarran International Airport and the Vegas Strip. Lake Mead is about 25 miles from the property.Hotel amenities include 24-hour...
Members (7):Tamra Valerio (Manager)
Jimmy Grimes (Sales And Marketing Executive)
Janice Feirstein (Sales Manager)
Rebecca Foster (President)
James Grimes (VP)
...
Categories:Resorts, Hotel & Motel Reservations, Hotels
Brands:World Hotels and Resorts
Products:Dry cleaning/laundry, Family Rooms, Fitness center, Free Parking, High-speed internet, ...
Payment options:American Express, MasterCard
Price Range:$147.00 - $270.00
Cliffs at Peace Canyon
4550 S Grand Canyon Dr, Las Vegas, NV
Industry:Apartment Building Operator
Doing business as:The Cliffs At Peace Canyon
Eldorado Development Corp., Eldorado Resorts Corp
Registration:Jan 5, 2001
Phone:
Description:Cliffs at Peace Canyon is a 22-building smoke-free property located eight miles southwest of the Las Vegas Strip and 13 miles from McCarran International Airport. This location is also three miles...
Members (4):J. P. Ottino (Principal)
Jimmy Grimes (Vice President)
David Lavarias
Zyndy Deleon (Manager, inactive)
Categories:Resorts, Hotel & Motel Reservations, Hotels
Brands:World Hotels and Resorts
Products:All Suites, Casino, Fitness center, Free Parking, Game Room, ...
Price Range:$160.00 - $251.00
Eldorado Equestrian Center
2081 E Eldorado Ln, Las Vegas, NV
Industry:Entertainment, Animal Services
Site:eldoradoreno.com
Phone:
Description:Eldorado Equestrian Center is an Entertainment company located in 2081 E Eldorado Ln, Las Vegas, Nevada, United States.
Members (2):Tracy Vaccaro (Owner, inactive)
Stoney Fields (Manager, inactive)
Industry:Casino
Phone:
Members (3):Robert Cranford (Chief Operating Officer, inactive)
Ron Harbison (Principal, Manager, inactive)
Lief Erickson (General Manager, inactive)
Eldorado Estates
4525 W Twain Ave, Las Vegas, NV
Categories:Manufactured & Mobile Home Dealers, Mobile Home Parks & Communities, Prefabricated & Modular Buildings
Site:eldoradohomesales.com
Phone:
Products:Activities, Fitness Center, Library, Gated Entry, Pool, Jacuzzi, Tennis, Pool, Jocuzzi, Tennis, Pool, Saunas, Jacuzzi, Tennis, ...
Additional:A 55 Plus Community
Eldorado Development Corp
2150 W Jo Rae Ave, Las Vegas, NV
Doing business as:Eldorado Resorts Corp., Grandview at Las Vegas
Registration:Jan 5, 2001
Phone:
Members (2):Rebecca Foster (President)
Karen Johnson (Accounts Payable)
Categories:Real Estate Developers
Industry:Ret Lumber/Building Materials
Phone:
Members (2):Norvana Castra (Office Manager)
David M. Castro (Owner, inactive)
ELDORADO EQUESTRIAN CTR
2081 E Eldorado Ln, Las Vegas, NV
Industry:Kennels
Phone:
Industry:General Auto Repair Automotive Repair, Auto Repair
Doing business as:Eldorado Container-Trailer Repair
ELDORADO CONTAINER & TRAILER
Phone:
Addresses:400 Eldorado Canyon St, Las Vegas, NV
PO Box 1012, Las Vegas, NV
Who Owns Eldorado Resorts
Member:Jose Segovia (Owner)
Categories:Trailers Service & Repair, Trucks Service & Repair
Eldorado Commercial Investments LLC
5450 S Fort Apache Rd, Las Vegas, NV
Registration:Sep 13, 2013
State ID:E0447122013-2
Business type:Domestic Limited-Liability Company
Members (2):Carmen Rejas (Manager)
Jaime C. Rejas (Manager)
Registration:Jan 26, 1998
State ID:LLC399-1998
Business type:Domestic Limited-Liability Company
Member:Dominion Realty Advisors, Inc (Mmember)
Agent:Nevada Corporate Headquarters, Inc
Status:Inactive
Eldorado Las Vegas Hotel
Registration:Dec 22, 1999
Addresses:1930 Whiton St, Las Vegas, NV
5572 Stingaree Cir, Las Vegas, NV
State ID:C32830-1999
Business type:Domestic Corporation
Members (3):Gary L. Waffle (Secretary, inactive)
Robert J. Holmstrom (President, inactive)
Renee Holmstrom (Secretary, Treasurer, inactive)
Agent:Bette L. Holmstrom
Eldorado Exploration Inc
1802 N Carson St, Carson City, NV
Status:Inactive
Registration:Dec 17, 2003
State ID:C31343-2003
Business type:Domestic Corporation
Members (5):David T. Laurance (Director, President, President, inactive)
Cherri Joette Creech (Secretary, Treasurer, inactive)
Reyleen Highwarden (Secretary, Treasurer, inactive)
David T. Lawrance (President, inactive)
Anita R. Laurance (Secretary, inactive)
Agent:Nevada Business Center, Llc
Eldorado Enterprises, Inc
5516 Boulder Hwy, Las Vegas, NV
Status:Inactive
Registration:Nov 30, 2005
State ID:E0836512005-0
Business type:Domestic Close Corporation
Members (2):R. Carroll (President, Secretary, inactive)
M. Carroll (Director, Treasurer, inactive)
Agent:Nevada Registered Agent Services
Eldorado Estates Las Vegas, LLC
PO Box 60277, Boulder City, NV
Eldorado Resorts Las Vegas Nv
Status:Inactive
Registration:Jul 29, 2005
State ID:E0492392005-8
Business type:Domestic Limited-Liability Company
Member:Rancris Inc (Manager, inactive)
Agent:The Lubbers Law Group
Status:Inactive
Registration:Apr 19, 1966
Eldorado Casino Las Vegas Nevada
State ID:0002548806
Agent:Ct Corporation System
Rep Natl Bk Bldg, Dallas, TX (Physical)
Eldorado Resorts Corporation Las Vegas Nv 89183
TIN:30000411873