Caesars and Eldorado

[Penguin]

Looks like things may be coming to a head. Here are a couple of links.

https://sites.google.com/site/sevens...-entertainment

https://www.casinonewsdaily.com/2019...-merger-talks/

One thing for sure. Carl Ichan will come out ahead. Eldorado will be the managing company. Obviously some properties will be sold to appease state gambling commissions. Deal in principle done by end of June? Then off to the races to see how all the properties shake out and then any effect on loyalty programs. Not sure Eldorado has a company wide program like most of the competitors do.

I really cannot see how things will get any better for us slotters. Hope they stay the same and adapt the TR program.

Darrell

[sondor]

They are just going a a single card Program the One Club...Hopefully if the deal goes thru they take Total Rewards as their program seems more geared to locals...Just got an email today that my play last month at the isle earned me a free Buffet Fri-Mon every day...and $15 food comp the rest of the week...What good does that do me 3hr away. When I was reading about Harrahs they always talk about their card program and customer base being one of the things suitors are after...Hope it works out for the best that is one of the reasons we are taking the Tahoe offer this year as if they get sold who knows what happens.

[zeus]

I guess all we can do is sit back and hope for the best when the dust settles. I have read that the TR program is the most valuable thing within the company, so they would be crazy not to utilize it.

Sent from my SM-G955U using Tapatalk

[kdk]

Looks more and more like this will happen.

I actually think it might be a good thing overall. My biggest issue with CET was former CEO Gary Loveman adopting the "set the slots to the lowest paybacks in the market" philosophy. A new owner may make some changes in that, at least hopefully.

I'm sure Caesars Rewards will be kept, Eldorado hasn't rolled out their program still to their other acquisitions like the Tropicana properties, etc. When Penn Gaming bought the Ameristar casinos they decided to drop their own program- Marquee Rewards for Ameristar's My Choice being they thought it was a better program overall. I see the same thing happening here.

[clemi]

Vital Vegas suggested PH may be sold off to another gaming company... all rumor at this point.

[Slotspert]

Vital Vegas suggested PH may be sold off to another gaming company... all rumor at this point.

El Dorado is destined to off-load some of those Caesars properties which may allow new competition to enter the marketplace. In Nevada, I can see El Dorado dumping: Rio, Harveys Tahoe, and Harrahs Reno.

[treyster]

El Dorado is destined to off-load some of those Caesars properties which may allow new competition to enter the marketplace. In Nevada, I can see El Dorado dumping: Rio, Harveys Tahoe, and Harrahs Reno.

I don't know how you get rid of Rio, who's gonna buy a huge place like that when it costs more to operate than the revenue it can create? How do you make it appealing again?

I'm sure CET knows their debt represents a threat to their survival and they may be forced to unload some properties to pay it down, but doing so may create direct competition like in Tahoe and the Strip.
I think CET is just one recession away (and we're due for one in a few years) from being insolvent. They played some shell game and survived the last recession, it will interesting so see what happens going forward

[Slotspert]

I don't know how you get rid of Rio, who's gonna buy a huge place like that when it costs more to operate than the revenue it can create? How do you make it appealing again?

I'm sure CET knows their debt represents a threat to their survival and they may be forced to unload some properties to pay it down, but doing so may create direct competition like in Tahoe and the Strip.
I think CET is just one recession away (and we're due for one in a few years) from being insolvent. They played some shell game and survived the last recession, it will interesting so see what happens going forward

Rio has turned into a undesirable lonely orphan. It used to be one of my favorites with the eateries, sand beach pools, parade in the sky (I was in that parade a few times!), modern, well maintained rooms, and nice casino (during the "Play Rio" days) . I see a timeshare operator grabbing it as they done with the Westgate.

The California NA have sucked the life out of the Lake Tahoe gaming market so it would be interesting to see what they do with that.

[clemi]

El Dorado is destined to off-load some of those Caesars properties which may allow new competition to enter the marketplace. In Nevada, I can see El Dorado dumping: Rio, Harveys Tahoe, and Harrahs Reno.

I only wish the best for Harvey’s Lake Tahoe, they deserve better than the neglect CET has given them.

[Penguin]

El Dorado just announced it sold 3 properties to Century Casinos and VICI. Mountaineer in WV, Isle Cape Girardeau, and Lady Luck Caruthersville. Century will get operating assets and VIVI owns the real estate. VICI is the Caesars Reit. El Dorado gets $385 million. It's started. Wonder where that money goes??????