It’s a move that sets the stage for the operator to derive added financial benefit from its most iconic brand and one of the industry’s largest loyalty programs.
The sale of the venue was widely expected, because Eldorado Resorts – the company that purchased Caesars earlier this year for $17.3 billion – previously pledged to the Indiana Gaming Commission (IGC) that it will divest three venues in the Hoosier State. Still, Union Gaming analyst John DeCree sees value for investors in the deal’s…