Nevada Casino Firm Gets Approval for Buyout

Nevada Casino Firm Gets Approval for Buyout

A Nevada casino firm becomes the world’s largest casino company after it got regulators’ approval for a buyout. Eldorado Resorts Inc. acquires Caesars Entertainment Corp. for $17.3 billion. The approval came after an antitrust analyst assured the New Jersey Casino Control Commission that the buyout would not affect any of the casinos in Atlantic City. The regulator said that it would not affect the local gambling industry. Chairman James Plousis said that the commission is happy that Eldorado executives were honest about the challenges they would face in the future….

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