What Does El Dorado Buying Horseshoe Mean to SBC [VIDEO]
Ronnie Jones, Chairman of Louisiana's Gaming Control Board, talks with 101.7 / 710 KEEL's Robert J Wright about the announcement of the purchase of Caesars Entertainment by El Dorado Resorts, and what that means for the future of El Dorado and Horseshoe Casinos and Louisiana Downs racetrack.
Here are the basics from theadvocate.com:
"Nevada casino operator Eldorado Resorts, which runs the Belle of Baton Rouge, is buying Caesars Entertainment Corp., which operates the Harrah's land-based casino in New Orleans, but expects to retain the Caesars brand after the deal is done by mid-2020.
Eldorado Resorts, based in Reno, Nevada expects to close on its $17.3 billion acquisition of Las Vegas-based Caesars after routine regulatory review. The move would make the combined companies own 60 casinos across 16 states, including six in Louisiana.
Eldorado also owns Isle of Capri Casino Hotel in Lake Charles and El Dorado Resort and Casino in Shreveport. Caesars' other properties in the state are Harrah's Louisiana Downs in Bossier City and Horseshoe Bossier City."