Casino
September 3, 2020
Caesars Granted Approval for Danville Casino by City Council
Danville City Council approved the agreement with Caesars Entertainment for a casino project, local media outlets reported Tuesday. Whether the Danville of the future will include a casino or not is now in the hands of the city residents who will cast their vote this fall. The performance agreement proposed by Caesars and promising to […]
Business
September 2, 2020
William Hill Acquires CG, Eyes Online Businesses Merge with Caesars
William Hill announced Tuesday it completed the acquisition of CG Technology after the approval granted by Nevada regulators last week. As per the deal, the sports betting giant started operating 4 additional sports books and expended its presence on the Las Vegas Strip. Expanding Its Footprint on the Strip The new properties added to the […]
Casino
September 2, 2020
Las Vegas Unions Agree on Health Benefits for Casino Employees
Some 36,000 employees of MGM Resorts and Caesars will receive health benefits until March 1, 2021, following a recent agreement with two unions in Las Vegas. Culinary Union executive Geoconda Argüello-Kline said that the agreements are “historic”. Las Vegas Unions in an Agreement with MGM Resorts and Caesars Thousands of working and furloughed employees at […]
Industry
August 12, 2020
Caesars Launched Its Virginia Casino Referendum Campaign
Caesars Entertainment Inc. officially launched today its referendum campaign regarding the casino in Danville, Virginia. Danville residents will have a chance to vote yes for the $400 million premier resort and casino during the upcoming referendum in November after the City Council of Danville passed a resolution to petition the court for the inclusion of […]
Casino
August 7, 2020
Caesars Posted Q2 Loss, Will Offset with Convention and Sports
Caesars Entertainment Inc. posted its second quarter financial results Thursday, the first report from the combined entity between Caesars and Eldorado Resorts. The $17.3 billion mega-merger deal was completed July 20, to create a regional gaming giant. The new Caesars posted $100 million in net loss for the second quarter of 2020, compared to a […]
Business
August 3, 2020
Illinois: William Hill Sports Book at Grand Victoria Casino Elgin
UK-based sports betting giant William Hill announced today its US subsidiary opened up a retail sports book in Illinois, the operator’s first in the state. In partnership with Caesars Entertainment and its Grand Victoria Casino Elgin, the new sports book marked another milestone for William Hill’s strategy for expansion into regulated markets. William Hill Enters […]
Casino
August 2, 2020
Caesars Approves Pay Raises for Executives Amid Pandemic
Following the merger of Eldorado and Caesars, Caesars approved pay raises for five executive employees. Caesars’s Board of Directors Approved Managerial Salary Raises Following the merger by Eldorado and Caesars, Caesars has set a plan for pay raises for the company’s management. Earlier this week a Compensation Committee meeting approved that five of the company’s […]
Business
July 21, 2020
Eldorado-Caesars Merger Completed on July 20
The megadeal merger between Eldorado Resorts and Caesars Entertainment was completed on Monday, July 20. The merger marks the creation of a new regional gaming giant in the US. The $17.3 Billion Merger Is Now Completed The megadeal merger between Eldorado Resorts and Caesars Entertainment was completed on Monday morning. As per the $17.3 billion […]
Business
July 18, 2020
Caesars-Eldorado $17.3bn Merger a Fact in New Jersey Vote
The New Jersey Casino Control Commission has granted a final approval to the Eldorado-Caesars merger/buyout deal estimated at $17.3bn. New Jersey Gives Approval to Eldorado-Caesars Merger A final approval from New Jersey has come on Friday, July 17, allowing Eldorado Resorts Inc, a Nevada-based gaming giant, to finalize the acquisition of Caesars Entertainment Corp. in […]
Business
July 16, 2020
Eldorado-Caesars Merger Enters Final Chapter as Approval from NJ Regulator Is Expected Soon
Following the approval of Indiana and Nevada, the Eldorado-Caesars merger is entering its final chapter. Once the merger is completed, a new regional giant will be created which will operate in 16 states. NJ Regulator Expected to Make a Decision on the Megadeal The megadeal merger between Eldorado and Caesars is entering its final stage. […]