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.

[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??????

[treyster]

From nypost regarding stock price and the debt involved.
https://nypost.com/2019/06/17/caesar...price-sources/

[ozzynog]

Just read it’s a done deal. Is this a good thing?

[Penguin]

Here is some information.
https://www.nj.com/news/2019/06/eldo...sino-deal.html

[Penguin]

From "RandomSlots" on another forum there is a post and in it Tony Rodio is quoted as saying the Caesars Reward Program will be integrated into the new company. A positive step for us.