Eldorado to buy Caesars for $17.2bn

Deal could benefit William Hill through access to sports betting licences in more states and reduced competition

Eldorado Resorts has agreed to buy Caesars Entertainment for a total consideration of $17.2bn, the two companies have announced The deal values Caesars at approximately $12.75 a share, equivalent to a 30% premium on its market price as of Friday. Eldorado will pay for the deal in cash and shares and take on around $9bn in…

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