The U.S is getting ready to receive the largest casino operator ever by the end of this month. As the New Jersey Casino Control Commission (CCC) issued its ruling on the $17.3-billion deal giving the last checkmark on the extensive list of regulatory approvals received.
The main concern is that they would have four of the nine casinos in Atlantic City once the merger is complete.
Regulators were apprehensive that this much control would be detrimental to the success of all the casinos, and that the new operator would try to exert its heavyweight status on the city and the competition.
Once the paperwork is signed and the dust settles between Eldorado and Caesars, the gambling operator, which will carry the Caesars name but be run primarily by Eldorado brass, will have 52 venues in 16 states. Properties will have to be sold in order for Eldorado to meet its target purchase price, and there could as many of three Indiana and two Nevada properties that are put up for sale. Investors behind Eldorado will maintain 56% control of the new entity.
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