LAS VEGAS — A Nevada company that started in 1973 with a single hotel-casino in Reno announced Monday it has completed a $17.3 billion buyout of Caesars Entertainment Corp. and will take the iconic company’s name going forward as the largest casino owner in the world. Eldorado Resorts Inc. said the combined company will now own and operate more than 55 casino properties in 16 U.S. states, including eight resorts on the Las Vegas Strip. “We are pleased to have completed this transformative merger,” Tom Reeg, former CEO of Eldorado Resorts and now CEO of Caesars Entertainment Inc. said in a statement. Reeg promised to welcome the combined company's tens of thousands of employees and to create value for stakeholders using “strategic initiatives that will position the company for continued growth.”

Source: International New York Times July 20, 2020 19:07 UTC