One of this year’s most significant news in the online gaming sector was the Eldorado Resorts and Caesars Entertainment deal. In essence, a few weeks ago, Eldorado agreed to dig deep in their pocket and fork out $17.3 Billion in a cash-and-stock deal. All and all this create one of the biggest casino operators in the US with 60 casinos in 16 states. To sum up, the merged venture, if approved, will conduct business under the more famous name Caesars. Yes, you read correctly, if approved. Because, the merger is still pending approval from the Casino Control Commission (CCC). However, nothing will be decided in July, and the consent can come in August at the earliest.
The Merge not one of the topics
Indeed, the CCC meeting agenda from July 10th show that no discussion was brought up on the gargantuan merge. Although some interesting topics were subject to the gavel. Like temporary casino key employee licence for Ocean Resorts Jerome Persiano, to assume the duties as VP in Player development. Also, Golden Nuggets Timothy J Reeves received a temporary license for the power of VP of Casino and Hotel Technologies. Plus, Hard Rock hotel and casino had Joe Lupo’s name up for a key employee licence. Which they got and he will officially serve as the President and General Manager for the Property.
Five more meetings in 2019
Even though the meeting in July didn’t touch the Eldorado subject, there is still a lot of time for the CCC to make up their mind. In fact, the next meeting is on August 7th. So, it’ll most definitely be the date the merge will see final judgment. But, they might also opt to delay their decision until the following month if more pressing matter should occur. Anyhow there is still plenty of opportunities for the CCC to rule in this matter before the year is over. After all they meet once a month.