Caesars surges as Eldorado Resorts agrees to buy the casino operator for $8.6 billion in a deal backed by Carl Icahn (CZR)
- Shares of Caesars Entertainment rose as much as 12% in early trading on Monday after Eldorado Resorts agreed to buy the casino operator in a cash and stock deal worth a total of $17.3 billion.
- Eldorado will pay $8.58 billion and assume Caesars' $8.8 billion in debt.
- The combined company will be the largest gaming operator in the US, exceeding the size of of Las Vegas Sands and MGM Resorts.
- Watch Caesar's trade live.
The list of major casino operators in the US just got smaller.
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