Companies await approvals from regulators in Indiana, Nevada and New Jersey
Caesars Entertainment Corporation (NASDAQ: CZR) has announced that the Federal Trade Commission has accepted a proposed consent order, which concludes the FTC’s Hart-Scott-Rodino review of Caesars’ pending merger with Eldorado Resorts, Inc. (NASDAQ: ERI). The FTC’s acceptance of the consent order satisfies all required antitrust clearances for the Merger.
The completion of the Merger remains subject to the satisfaction of other closing conditions, including receipt of all consents and approvals from the Nevada Gaming Control Board, Nevada Gaming Commission, New Jersey Casino Control Commission, Indiana Gaming Commission and Indiana Horse Racing Commission.
“We are pleased that the FTC’s approval of our planned Merger with Eldorado paves the way for securing the remaining consents and approvals from regulators in Indiana, Nevada and New Jersey. All of us at Caesars are committed to completing the Merger, which is expected to create the largest U.S. gaming company,” said Tony Rodio, CEO of Caesars Entertainment.
Caesars Entertainment’s Atlantic City Resorts to reopen July 3rd
In related news, Caesars announced that from the World-Famous Atlantic City Beach & Boardwalk to the Beautiful Marina District: Bally’s, Caesars, and Harrah’s Resort are set to welcome back guests and Team members just in time for the 4th of July Weekend. Doors open to guests at 10am on Friday, July 3rd, in anticipation of New Jersey Governor Phil Murphy’s order authorizing the reopening of Atlantic City casinos.
“We are thrilled to welcome back both our team members and customers to Bally’s, Caesars, and Harrah’s Resort and look forward to creating more memories together,” said Ron Baumann, Regional President for Caesars Entertainment, Atlantic City region. “The well-being of our team members and guests is important to us, and we are focused on enhancing our health and safety protocols to provide an enjoyable guest experience that emphasizes social distancing and cleanliness. Whether you plan to visit us on the world-famous Atlantic City Boardwalk, or enjoy the sophisticated setting of the Marina District, our resorts offer a great travel escape for guests this summer — especially for those living within drive-time of the Jersey Shore, who can visit us on a tank of gas, without the flight.”
Caesars Rewards customers will be welcomed back to three of the East Coast’s pre-eminent gaming destinations with promotions like 5X Tier Credits & 5X Comps, as well as an enhanced loyalty card program that makes it easier to enjoy the benefits of being a Caesars Rewards customer.
Caesars Entertainment’s Atlantic City properties will re-open in accordance with the directives from New Jersey Governor Phil Murphy. Bally’s, Caesars, and Harrah’s Resort’s health and safety plans were developed in accordance with guidance from both local and state health officials, as well as the Center for Disease Control (CDC). On its gaming floors, Caesars, Bally’s, and Harrah’s Resort have rearranged slot machine banks to allow for social distancing, and fewer seats will allow for better spacing at table games. Additionally, all hospitality offerings & restaurants will reopen at reduced capacity in adherence with social distancing practices.