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Eldorado- Caesars

 
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alison



Joined: 09 Jan 2006
Posts: 1123

PostPosted: Jun Wed 26, 2019 11:43 am    Post subject: Eldorado- Caesars Reply with quote

https://www.reuters.com/article/us-caesars-m-a-eldorado/eldorado-resorts-clinches-18-billion-cash-and-stock-deal-for-caesars-sources-idUSKCN1TO0VF?fbclid=IwAR3ATBdCJGT6usFNGTr3f1al5P-ST9htJQYxzpyLSG5enE47F3kPp-FLUpg
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BC Dave
Site Admin


Joined: 18 Dec 2005
Posts: 1425

PostPosted: Jun Wed 26, 2019 9:57 pm    Post subject: Wow! Reply with quote

Wow, yes, thanks Alison - I heard the news. That's pretty incredible. The Eldorado must be doing something right. Actually, I've always thought the Eldorado was a pretty well run Hotel/Casino. They seem to have thrived while many other Reno operators were going out of business. They're definitely in the big leagues now! Go Eldo!
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JD



Joined: 18 Dec 2005
Posts: 948

PostPosted: Jun Thu 27, 2019 11:07 am    Post subject: Eldo BUYS 53 other Casinos? Reply with quote

I hope they do well, I really do.

But there is a history of small companies BUYING much larger companies with disastrous results. And the root cause is in order for the smaller company to sweeten the "deal", much debt must be incurred.

Anyone recall Haggen "buying" Albertsons & Safeway? How about AOL "buying" Time Warner? Don't getting me started on bank mergers.

More later.... my battery is ready to die.

I hope it works out.
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spdmrcht



Joined: 12 Oct 2012
Posts: 483

PostPosted: Jul Tue 02, 2019 10:39 pm    Post subject: Re: Eldo BUYS 53 other Casinos? Reply with quote

JD wrote:
I hope they do well, I really do.

But there is a history of small companies BUYING much larger companies with disastrous results. And the root cause is in order for the smaller company to sweeten the "deal", much debt must be incurred.

Anyone recall Haggen "buying" Albertsons & Safeway? How about AOL "buying" Time Warner? Don't getting me started on bank mergers.

More later.... my battery is ready to die.

I hope it works out.


I think JD is right on, Caesars will drag the Eldo. under just like Harrahs! In the last 3 yrs. since I Made Platinum, I haven't got an offer that was even worth walking across the street for, let alone drive 4 hrs.!!
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