Some information from Caesars Press Release
Caesars Entertainment, Inc. and Eldorado Resorts Inc. announced the acquisition of Caesars Entertainment Corporation was completed Monday, July 20. The transaction creates the largest casino and entertainment company in the United States and includes the ownership of both Harrah’s Hoosier Park and Indiana Grand.
The new Caesars Entertainment now owns and operates a combined 55 casino properties worldwide and in addition to the Las Vegas strip, has facilities in 16 states across the nation.
“We are pleased to have completed this transformative merger, thus making us the premier leader in gaming and hospitality. We look forward to executing on the numerous opportunities ahead to create value for all stakeholders,” said Tom Reeg, CEO of Caesars Entertainment, Inc. “Additionally, we are pleased to welcome all of our Team Members to the combined company, and we look forward to implementing all of the strategic initiatives that will position the company for continued growth.”
The Indiana Horse Racing Commission unanimously approved the transfer and merger of Eldorado Resorts and Caesars last Monday, July 13 at its regular July meeting. Joe Morris will serve as the senior vice president of racing and will oversee racing for the company, including both racetracks in Indiana.
“I am pleased to announce that the merger officially closed earlier today between Eldorado Resorts, Inc. & Caesars Entertainment, LLC,” said Adam Kallick, vice president of external affairs in a statement to all horsemen. “The new company, Caesars Entertainment, Inc. is now the name of the official entity. Indiana racing will be in good hands with Joe Morris, Rick Moore and Eric Halstrom. All of your efforts helping us get to this point were appreciated and our new partnership starts today!”