Eldorado Resorts is a step closer to completing its $17.3bn (£13.3bn/€15.6bn) acquisition of Caesars Entertainment Corporation after receiving regulatory approval in Missouri.
The state’s gaming commission gave its green light to the deal, which was announced in June and is expected to complete in the first half of 2020.
In an update issued today (Thursday) Eldorado said the deal – which would see Eldorado acquire all the outstanding shares in Caesars – remains subject to the receipt of all required regulatory approvals, and other closing conditions. Eldorado and Caesars will have to gain approval from regulatory bodies from all states in which the merged company will operate. It will also need approval from the Federal Trade Commission.
Eldorado owns five casinos in Missouri, but is in the process of selling three of these, including the Isle of Capri in Kansas City.