Caesars Entertainment

### Key People

Gary Carano (Executive Chairman)Thomas Reeg (CEO)Anthony Carano (President and COO)

### Subsidiaries

World Series of Poker

**Caesars Entertainment, Inc.**, formerly **Eldorado Resorts, Inc.**, is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties.

Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020.

## History

The company traces its history back to the development of the Eldorado Hotel in Reno, which was opened on May 24, 1973 by a group of investors that included Don Carano and other members of the Carano family.

On July 28, 1995, the Eldorado opened the adjacent Silver Legacy Resort Casino in partnership with Circus Circus Enterprises.

The Eldorado companies were reorganized in 1996 as Eldorado Resorts LLC in connection with a $100-million bond offering.

In 2005, the company took over the bankrupt Hollywood Casino Shreveport in Louisiana, buying a 76 percent stake in the property for $154 million. It was then rebranded as the Eldorado Casino Shreveport.

In 2013, Eldorado agreed to combine with the publicly traded MTR Gaming Group in a reverse merger. The merger would add three racinos in Ohio, Pennsylvania, and West Virginia to Eldorado's portfolio. The transaction closed on September 19, 2014, creating Eldorado Resorts Inc. in its present form. Eldorado's existing owners held 50.2 percent of the combined company, and Gary Carano was appointed as its chairman and CEO.

In November 2015, Eldorado bought Circus Circus Reno and the 50% stake in the Silver Legacy that it did not already own from MGM Resorts International for $73 million.

In May 2017, Eldorado acquired Isle of Capri Casinos for $1.7 billion in cash, stock, and assumed debt, adding twelve casinos to its holdings.

In August 2018, Eldorado bought the Grand Victoria Casino in Illinois for $328 million. Two months later, Eldorado acquired the operating business of Tropicana Entertainment for $640 million, adding seven casinos to its portfolio. Gaming and Leisure Properties simultaneously purchased the real estate of five of the casinos and leased them to Eldorado for a total of $88 million per year. Additionally, Eldorado paid $246 million for the real estate underlying Tropicana's Lumière Place casino in Missouri.

In early 2019, Eldorado sold Presque Isle Downs and the operations of Lady Luck Casino Nemacolin to Churchill Downs, Inc. for a total of $179 million.

In March 2019, it was reported that Eldorado was discussing a merger with Caesars Entertainment. On June 23, 2019, Caesars accepted Eldorado's offer to purchase the company for $18 billion in stock and cash. Eldorado operated 26 assets compared to Caesars, which controlled 53. Eldorado would change its name to Caesars Entertainment after the completion of the acquisition, and the companies' loyalty programs would be combined under the Caesars Rewards brand. Eldorado's key executives would be retained. The deal is expected to be completed in the first half of 2020.

With the Caesars acquisition pending, Eldorado sold three properties (Lady Luck Casino Caruthersville, Mountaineer Casino Racetrack and Resort and Isle Casino Cape Girardeau) to Vici Properties and Century Casinos for a total of $385 million, with Vici acquiring the real estate assets and Century acquiring the operating businesses. Eldorado also sold Lady Luck Casino Vicksburg and Isle of Capri Casino Kansas City to Twin River Worldwide Holdings for $230 million. The deals were intended to reduce Eldorado's debt level and avert potential antitrust issues in Missouri, where Eldorado and Caesars together owned 6 of the state's 13 casinos.

In April 2020, Eldorado agreed to sell Eldorado Shreveport and the MontBleu casino in Lake Tahoe to Twin River.

On June 26, 2020, the Federal Trade Commission approved Eldorado's acquisition of Caesars. The transaction was completed on July 20.

In September 2020, the company agreed to acquire the sports betting company William Hill for $3.7 billion.

## List of properties[edit source]

The properties owned and operated by Caesars Entertainment are:

* **Bally's**
	+ Bally's Atlantic City — Atlantic City, New Jersey
	+ Bally's Las Vegas — Paradise, Nevada
* **Caesars**
	+ Caesars Atlantic City — Atlantic City, New Jersey
	+ *Caesars New Orleans — New Orleans, Louisiana (coming 2024)*
	+ Caesars Palace — Paradise, Nevada
	+ Caesars Palace Bluewaters Dubai — Dubai, United Arab Emirates
	+ Caesars Residences Bluewaters Dubai — Dubai, United Arab Emirates
	+ Caesars Resort Bluewaters Dubai — Dubai, United Arab Emirates
	+ Caesars South Indiana — Elizabeth, Indiana
	+ Caesars Windsor — Windsor, Ontario, Canada
* ***Caesars Republic***
	+ *Caesars Republic Scottsdale — Scottsdale, Arizona (coming January 2022)*
* **Circus Circus**
	+ Circus Circus Las Vegas - Winchester, Nevada
	+ Circus Circus Reno - Reno, Nevada
* **Eldorado**
	+ Eldorado Gaming Scioto Downs — Columbus, Ohio
	+ Eldorado Reno — Reno, Nevada
	+ Eldorado Shreveport — Shreveport, Louisiana
* **Flamingo**
	+ Flamingo Laughlin - Laughlin, Nevada
	+ Flamingo Las Vegas — Paradise, Nevada
* **Harrah's**
	+ Harrah's Ak-Chin — Maricopa, Arizona
	+ Harrah's Atlantic City — Atlantic City, New Jersey
	+ Harrah's Casino Tunica - Tunica, Mississippi
	+ Harrah's Cherokee — Cherokee, North Carolina
	+ Harrah's Cherokee Valley River — Murphy, North Carolina
	+ Harrah's Council Bluffs — Council Bluffs, Iowa
	+ Harrah's Gulf Coast — Biloxi, Mississippi
	+ Harrah's Hoosier Park — Anderson, Indiana
	+ Harrah's Joliet — Joliet, Illinois
	+ Harrah's Lake Tahoe — Stateline, Nevada
	+ Harrah's Las Vegas — Paradise, Nevada
	+ Harrah's Laughlin — Laughlin, Nevada
	+ Harrah's Louisiana Downs — Bossier City, Louisiana
	+ Harrah's Metropolis — Metropolis, Illinois
	+ Harrah's New Orleans — New Orleans, Louisiana
	+ Harrah's North Kansas City — North Kansas City, Missouri
	+ Harrah's Philadelphia — Chester, Pennsylvania
	+ Harrah's Reno - Reno, Nevada
	+ Harrah's Southern California — Valley Center, California
* **Horseshoe**
	+ Horseshoe Baltimore - Baltimore, Maryland
	+ Horseshoe Bossier City — Bossier City, Louisiana
	+ Horseshoe Cincinnati — Cincinnati, Ohio
	+ Horseshoe Cleveland — Cleveland, Ohio
	+ Horseshoe Council Bluffs — Council Bluffs, Iowa
	+ Horseshoe Hammond — Hammond, Indiana
	+ Horseshoe Tunica — Robinsonville, Mississippi
* **Isle**
	+ Isle Casino Hotel Bettendorf — Bettendorf, Iowa
	+ Isle Casino Hotel Biloxi — Biloxi, Mississippi
	+ Isle Casino Hotel Black Hawk — Black Hawk, Colorado
	+ Isle Casino Cape Girardeau — Cape Girardeau, Missouri
	+ Isle Casino Coventry — Coventry, England, UK
	+ Isle Casino Hotel Waterloo — Waterloo, Iowa
	+ Isle Casino Racing Pompano Park — Pompano Beach, Florida
* **Isle of Capri**
	+ Isle of Capri Casino Hotel Boonville — Boonville, Missouri
	+ Isle of Capri Casino Hotel Bossier City — Bossier City, Louisiana
	+ Isle of Capri Casino Kansas City — Kansas City, Missouri
	+ Isle of Capri Casino Hotel Lake Charles — Lake Charles, Louisiana
	+ Isle of Capri Casino at Our Lucaya — Lucaya, Bahamas
	+ Isle of Capri Casino Hotel Lula — Lula, Mississippi
	+ Isle of Capri Casino Hotel Tunica — Tunica, Mississippi
* **Lady Luck**
	+ Lady Luck Hotel & Casino — Las Vegas, Nevada
	+ Lady Luck Casino Black Hawk — Black Hawk, Colorado
	+ Lady Luck Casino Caruthersville — Caruthersville, Missouri
	+ Lady Luck Casino Marquette — Marquette, Iowa
	+ Lady Luck Casino Nemacolin — Farmington, Pennsylvania
	+ Lady Luck Casino Vicksburg — Vicksburg, Mississippi
* **Tropicana**
	+ Tropicana Aruba — Noord, Aruba
	+ Tropicana Atlantic City — Atlantic City, New Jersey
	+ Tropicana Evansville — Evansville, Indiana
	+ Tropicana Laughlin — Laughlin, Nevada
	+ Trop Casino Greenville — Greenville, Mississippi
* **Other Las Vegas Strip**
	+ Planet Hollywood Las Vegas — Paradise, Nevada
	+ Rio All Suite Hotel and Casino — Paradise, Nevada
	+ The Cromwell — Paradise, Nevada
	+ The Linq — Paradise, Nevada
* **Other US Locations**
	+ Belle of Baton Rouge — Baton Rouge, Louisiana
	+ Harveys Lake Tahoe — Stateline, Nevada
	+ Indiana Grand — Shelbyville, Indiana
	+ Lumière Place — St. Louis, Missouri
	+ MontBleu Casino Resort — Stateline, Nevada
	+ Showboat Atlantic City - Atlantic City, Nevada
	+ Silver Legacy Reno — Reno, Nevada
* Other International Locations
	+ London Clubs International (12 casinos in the United Kingdom, Egypt, and South Africa)
	+ SkyCity Auckland - Auckland, New Zealand

## see also

****Caesars Entertainment****
Caesars

**Carnival Corporation & plc**