Frequent Point Me readers know that I spend a considerable amount of time at the poker tables. This hobby provides me with a strong secondary income to supplement my teacher salary. Just this year alone, I’ve been to Atlantic City, Biloxi, Tunica, Las Vegas, Chicago, and Tampa for poker trips — which also help satiate my travel itch.
Therefore, I’ve been keeping a close eye on the sale of Caesars Entertainment to see how the chips would fall. This week, a finalized deal between Caesars Entertainment and Eldorado Resorts was announced.
Details of the Merger
The announcement given by Eldorado Resorts states they will be buying Caesars Entertainment for a whopping $17.3 billion. This included about $7.2 billion in cash and around $10.1 billion in stock. This merger creates the largest gaming company in the United States. In order to more efficiently execute this merger, the new board of directors will be made up of six members from Eldorado Resorts and five members from Caesars Entertainment. Eldorado Resorts, will allow Caesars to keep their name in an effort to, “capitalize on the value of the iconic global brand and its legacy of leadership in the global gaming industry.”
Keep more money in your pocket for the gaming tables by using these travel cards.
Caesars Las Vegas
Eldorado Resorts
Eldorado Resorts is smaller than Caesars Entertainment. Their portfolio includes 26 different casinos in 12 states including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. Their hotels contain around 12,000 rooms. By adding Caesars Entertainment properties to their folio, Eldorado will now own 60 casinos in 16 states that contain 39,000 rooms.
How Leadership Views the Merger
Tom Reeg, Chief Executive Officer of Eldorado, commented on the merger,
Eldorado’s combination with Caesars will create the largest owner and operator of U.S. gaming assets. The combined entity will serve customers in essentially every major U.S. gaming market and will marry best-of-breed practices from both entities to ensure high levels of customer satisfaction and significant shareholder returns.
See These Other Caesars Entertainment Related Posts
- Earn Caesar’s Diamond Via Status Match
- Learn How to Achieve Caesar’s Diamond Status WITHOUT Status Matching
- AMEX Cardholders: Check Your Cards To See If You Have a Caesars Entertainment Offer
- Using Caesars Diamond For SIX Free Nights At MGM Properties
- Become an Elite: Status Match Like a Boss
The Upshot
Overall, it is still way too early in the game to see what status benefits will be changing. Glancing at Eldorado’s loyalty program benefits shows that Caesar’s Diamond (15,000 Tier Points) would match to Eldorado’s President Club (15,000 Tier Points). At this level, there would be comp or discounted rooms, food/beverage comps, free show tickets, limousine transportation to/from airports, and a birthday gift (maybe similar to the $100 Diamond Celebration Dinner).
Basically, the two programs already seem pretty close in benefits. No changes in these situations are usually best for loyalists. Either way, you can count on us to keep you abreast of any changes made to the Caesars Rewards program.
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4 comments
Actually, if you look closer at the players program for El Dorado they have 10$ in for a tier point. CET is 5$ in to 1 tier point. So you’d need double the money in to reach their Presidents level. Big difference. Double
Do you have a link I can’t seem to find one for the overall program? The only thing I’m finding is that tier points are different at each property.
Rated play using a ONE Club® card properly may result in ONE Club® members earning Tier Points. Tier Points are earned based on the following:
Slots and Video Slot terminals: $10 coin-in equals 1 Tier Point
Video Poker: $20 coin-in equals 1 Tier Point
Electronic Table Games: $20 coin-in equals 1 Tier Point
Table Games: Based on game played, average bet and time played
ONE Club® member’s tier level is determined by Tier Points.
ONE Club® Tiers:
Chairman-Invitation Only
President (15,000+ Tier Points)
Gold (4,000 – 14,999 Tier Points)
Silver (500 – 3,999 Tier Points)
Bronze (0 – 499 Tier Points)
[…] with the replacement of the Total Rewards program with the new Caesars Rewards program. Then, the biggest change was the merger with Eldorado Resorts. Yesterday, an internal memo released at Caesars Entertainment confirms the sale of their off strip […]