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.
Breaking It Down:
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.
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
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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