{"id":4530,"date":"2020-05-22T09:18:10","date_gmt":"2020-05-22T09:18:10","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=4530"},"modified":"2020-05-22T09:18:26","modified_gmt":"2020-05-22T09:18:26","slug":"morningstar-says-eldorado-and-caesars-17-3-billion-merger-at-risk","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/morningstar-says-eldorado-and-caesars-17-3-billion-merger-at-risk\/","title":{"rendered":"Morningstar Says Eldorado & Caesars $17.3bn Merger At Risk"},"content":{"rendered":"\n
\"Caesars<\/figure><\/div>\n\n\n\n

A Morningstar analyst has made a bold assessment stating that that the prospective $17.3 billion merger between Caesars Entertainment Corp<\/strong>. and Eldorado Resorts <\/strong>may be at risk due to the huge debt that Caesars has over its head<\/a>. <\/p>\n\n\n\n

Even if the merger does go through, the analyst claims that it will not result in the expected rewards that Caesars Entertainment would have hoped for.<\/p>\n\n\n\n

Tom Reeg<\/strong>, Eldorado\u2019s CEO, recently made headlines after stating that the merger would be closed by June, which was the original expected date for closing before the COVID-19 pandemic demolished both companies\u2019 financials. <\/p>\n\n\n\n

The senior equity analyst for Morningstar, Dan Wasiolek<\/strong> said in his report to investors that there are significant risks tied to Eldorado\u2019s need to obtain more funds to close on their merger with Caesars, as the leisure and travel industry which both companies operate in continue to take a beating from the coronavirus pandemic.<\/p>\n\n\n\n

CNBC Television <\/strong><\/p>\n\n\n\n

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