Caesars Is in Advanced Talks to Merge With Eldorado Resorts
https://www.bloomberg.com/news/articles/2019-06-06/caesars-is-said-to-be-in-advanced-talks-to-merge-with-eldorado
https://www.bloomberg.com/news/articles/2019-06-06/caesars-is-said-to-be-in-advanced-talks-to-merge-with-eldorado
Looks like one of my dreams may come true. I may actually own a Jai-Alai fronton
http://pointpubs.com/pompano-beach-...ish-companies-eldorado-resorts-redevelopment/
http://pointpubs.com/pompano-beach-...ish-companies-eldorado-resorts-redevelopment/
[h=1]Eldorado seals deal valuing Caesars at $18B - Reuters[/h]Jun. 23, 2019 4:44 PM ET|About: Caesars Entertainment Corp... (CZR)|By: Jason Aycock, SA News Editor
Eldorado Resorts (NASDAQ:ERI) has an agreement to merge with Caesars Entertainment (NASDAQ:CZR) in a deal valuing Caesars at about $18Bincluding debt, Reuters reports.
That values Caesars about $13/share, the price Caesars was demanding when it started its auction. Caesars reportedly rejected deals earlier this month at $10.50/share. CZR closed Friday at $9.99.
And it comes after reports that Carl Icahn looked more eager to sell than Caesars' board, and worked to stake out middle ground on the deal.
The deal's expected to be announced tomorrow, according to Reuters. Ownership would be split roughly between shareholders of each company
Eldorado Resorts (NASDAQ:ERI) has an agreement to merge with Caesars Entertainment (NASDAQ:CZR) in a deal valuing Caesars at about $18Bincluding debt, Reuters reports.
That values Caesars about $13/share, the price Caesars was demanding when it started its auction. Caesars reportedly rejected deals earlier this month at $10.50/share. CZR closed Friday at $9.99.
And it comes after reports that Carl Icahn looked more eager to sell than Caesars' board, and worked to stake out middle ground on the deal.
The deal's expected to be announced tomorrow, according to Reuters. Ownership would be split roughly between shareholders of each company
03-08-2019, 08:22 AM
ERI: Another Way ERI Could Double: BuyCZRIn a June note, we outlined an investment case for $108 per share not requiringadditional acquisition announcements. Below, we argue a separate investmentcase for $104 to $116 per share should ERI purchase Caesar's (CZR-NC)under a reasonable valuation scenario. We do not pretend to know if ERI andCZR are in any deep merger discussions, though the universe of buyers islimited and ERI is best suited to extract full value from CZR assets, in our view.Calculation. Variables of our case for $104 to $116 per share include: a CZR$12 per share base case purchase price or ~$9b utilizing 75% cash and 25%ERI stock consideration (we demonstrate purchase price sensitivity on thefollowing page); $600mm in EBITDA synergies; ~$1.2b of executed lease backcall options from VICI and $5.3b in new debt issuance and; targeted metricmultiples. We also touch on why ERI is likely best suited to maximize CZR
https://roth2.bluematrix.com/sellsid...om&source=mail
https://roth2.bluematrix.com/sellsid...om&source=mail
[FONT="]Deutsche Bank Boosts Eldorado Resorts [/FONT]$ERI[FONT="] Price Target to $74.00 [/FONT]http://americanbankingnews.com/?p=10991502 [FONT="] [/FONT]#stocks
UNION GAMING” => Raising Price Target -to- $70.00 per/share => Analyst Expects +$600 Million -in- Estimated Cost Synergies form “CZR
https://uniongaming.bluematrix.com/...ngaming&id=semerson@emersonig.com&source=mail
https://uniongaming.bluematrix.com/...ngaming&id=semerson@emersonig.com&source=mail
[FONT="]Eldorado Resorts[/FONT]
[FONT="]CEO - Tom Reeg tells Gaming Today[/FONT]
[FONT="]He expects to Pay Off => $4 Billion -to- $5 Billion[/FONT]
[FONT="]Of Caesars Debt[/FONT]
[FONT="]Within first "24 months" -of- Closing the Merger[/FONT]
[FONT="]That equates to roughly => 40.00%[/FONT]
[FONT="]Of the Combined Debt Obligations[/FONT]
https://www.gamingtoday.com/industry/article/84831-Tom_Reeg_poised_to_lead_Eldorado_Resorts_Caesars_Ent
[FONT="]CEO - Tom Reeg tells Gaming Today[/FONT]
[FONT="]He expects to Pay Off => $4 Billion -to- $5 Billion[/FONT]
[FONT="]Of Caesars Debt[/FONT]
[FONT="]Within first "24 months" -of- Closing the Merger[/FONT]
[FONT="]That equates to roughly => 40.00%[/FONT]
[FONT="]Of the Combined Debt Obligations[/FONT]
https://www.gamingtoday.com/industry/article/84831-Tom_Reeg_poised_to_lead_Eldorado_Resorts_Caesars_Ent
$ERI
CEO-Tom Reeg
On "CNBC" Tuesday
Supremely Confident in $500MM of Savings
Combined player database will have: 62MM Gamblers
Paying Down => $4-$5 Billion in Debt
Within 2 years after CZR deal closes
Drives Leverage => Below 3.0X times
cnb.cx/2r6KSIm
CEO-Tom Reeg
On "CNBC" Tuesday
Supremely Confident in $500MM of Savings
Combined player database will have: 62MM Gamblers
Paying Down => $4-$5 Billion in Debt
Within 2 years after CZR deal closes
Drives Leverage => Below 3.0X times
cnb.cx/2r6KSIm
[FONT="]ERI[/FONT][FONT="] [/FONT]Caesars: Post Merger Challenges And Opportunities Pose A Big Bet In The U.S. Casino Space[FONT="] by Howard Jay Klein[/FONT]
Eldorado Resorts: A Likely Near-Term Winner Among Its Gaming Peers
Feb. 16, 2020 2:59 AM ET|
https://seekingalpha.com/article/4324564-eldorado-resorts-likely-near-term-winner-among-gaming-peers?utm_medium=email&utm_source=seeking_alpha&mail_subject=eri-eldorado-resorts-a-likely-near-term-winner-among-its-gaming-peers&utm_campaign=rta-stock-article&utm_content=link-2
Feb. 16, 2020 2:59 AM ET|
https://seekingalpha.com/article/4324564-eldorado-resorts-likely-near-term-winner-among-gaming-peers?utm_medium=email&utm_source=seeking_alpha&mail_subject=eri-eldorado-resorts-a-likely-near-term-winner-among-its-gaming-peers&utm_campaign=rta-stock-article&utm_content=link-2
Was so close to a ten bagger I could taste it lol . Then the waterfall selloff . [FONT="]Eldorado Resorts Reports Fourth Quarter Net Revenue of $592.1 Million, Operating Income of $58.9 Million, and Adjusted EBITDA of $154.4 Million | [/FONT]https://seekingalpha.com/pr/1779211...nue-of-592_1-million-operating-income-of-58_9
