Horseshoe Casino ends the year on a losing streak ...

Caesars Entertainment and Eldorado Resorts Agree Historic $17.3 Billion Merger

This is the best tl;dr I could make, original reduced by 68%. (I'm a bot)
The largest mergeacquisition event of the year in iGaming has happened: the long-awaited sale of Caesars Entertainment is a done deal! The Las Vegas giant and Eldorado Resorts have officially confirmed the definitive merger agreement between the two brands, creating a new market leader in the US gambling sector.
According to the minutiae of the deal, Eldorado will acquire all of Caesars' shares for $12.75 per share - that's $8.40 per share in cash plus 0.0899 shares of Eldorado common stock - as well as their net debt.
This would afford Eldorado and Caesars shareholders circa 51% and 49% of company's combined outstanding shares.
The new company will have their headquarters in Nevada's Reno, but will keep a heavy presence in Las Vegas.
"We believe this combination will build on the accomplishments and best-in-class operating practices of both companies. I'm familiar with Eldorado and its management team, having worked with them on a previous transaction, and I look forward to collaborating with them to bring our companies together. We are excited to integrate Caesars Rewards with the combined portfolio."
The new company will also win the right of first refusal for the sale of whole assets of sale-leaseback transactions for two venues in las Vegas and Baltimore's Horseshoe Casino.
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Horseshoe Casino awaits Baltimore players

Compared to Atlantic City and Las Vegas, Baltimore is not exactly a major American gambling hub, but this is what makes the opening of a new casino a special event. Orioles fans who also have a secret passion for gambling in land-based casinos, will rejoice knowing that Horseshoe Casino has finally opened its doors. The event was highly anticipated and Caesars Entertainment made no secret of the fact that they will be opening a new casino in Maryland. Four more companies opened casino resorts this year, which says a great deal about the rising popularity of gambling at this stage. So far, the legislators are yet to take decisive actions in terms of legalizing online gambling, but such laws are probably closer than they seem. Delaware and New Jersey are two of the neighboring states who already jumped on the bandwagon and there are plenty of governors who contemplate the possibility of following their lead. There is no shortage of interested investors either, with prominent poker rooms, bookmakers and online casinos being interested to spend money here. 32Red Casino announced its intention to establish a more permanent position in the United States and Baltimore looks like a great place to start. For the time being, state residents in general and Baltimore folks in particular have good reasons to check out the Horseshoe Casino, because there is plenty of action waiting for them behind these doors. A total of 2500 slot machines, in excess of 100 life table games and even a World Series of Poker room are bound to provide all the adrenaline rush that poker players could hope for. As stated above, there are other casinos operating here, but in terms of size and magnitude this is by far the most successful one and this should translate into a huge number of customers. The partnership with William Hill casino is supposed to be mutually beneficial, making the Horseshoe Casino the only one to offer outdoor gaming. A lot of money is expected to go towards state coffers, but even more important is the fact that the new venture will lead to the creation of thousands of jobs. The vast majority of those working here are Baltimore residents, which is great news for the cash-strapped city. The initially agreement stated that casino operators were supposed to hire at least 51% of their staff from the city, but it is only fair to assume that they will go a step further.
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Caesars Entertainment, the parent company of Horseshoe Casino Baltimore, has agreed to be acquired by Eldorado Resorts in a cash-and-stock deal valued at $17.3 billion, the companies announced Monday. Horseshoe Casino Baltimore ended the year with December revenues skidding 32% from a year earlier, according to statistics released by Maryland’s Lottery and Gaming Control Agency. With capacity limited to 25% and its restaurants closed under Mayor Brandon Scott’s Covid-19 restrictions, last month’s revenues were $12.7 million. That’s the lowest monthly yield since Horseshoe opened in ... Horseshoe Baltimore Casino offers more than 2,500 slot, table and poker games. Visit our Baltimore casino and try your luck today. Horseshoe Casino Baltimore Overview. Horseshoe Casino Baltimore features over 2,200 slot machines, 150 video poker machines, 153 table games, a poker room, off-track horse race betting, and more. You won’t have any doubts whether the casino venue hosts your favorite game, given the variety of what you should expect to find here. Controlled by Caesars Growth Partners, LLC, a joint venture between Caesars Acquisition Company (NASDAQ: CACQ), and Caesars Entertainment Corporation (NASDAQ: CZR), Horseshoe Casino Baltimore is designed to extend the city's tourism district south from the famed Inner Harbor and neighboring sports venues M&T Bank Stadium and Oriole Park at Camden Yards. The casino development is fully ... Horseshoe Baltimore is an urban two-story casino, and the second largest casino in Maryland with a 122,000-square-foot gaming floor. The multimillion-dollar facility features video lottery terminals, table games, and a World Series of Poker room. Horseshoe's 20,000-square-foot Baltimore Marketplace features Charm City food outlets, three premier restaurants, and several bars and lounges. Caesars’ Horseshoe Baltimore casino is failing to bring nearby Orioles and Ravens fans to the gaming facility. (Image: Patrick Semansky/AP) Gross gaming revenue (GGR) for Horseshoe Casino ... Horseshoe Casino: Total Rewards - See 24,111 traveler reviews, 76 candid photos, and great deals for Baltimore, MD, at Tripadvisor. Baltimore's Horseshoe Casino, which opened in August, shouldn't be affected by the expected bankruptcy of the unit of Caesars Entertainment that operates it. A legendary gaming, dining and entertainment experience awaits you at Horseshoe Baltimore. Check out our Baltimore casino and play your favorite games.

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