Investors Give Elodrado And Ceasers Thumbs Up In Votes

Eldorado Resorts and Caesars Entertainment Corporation’s investors voted to approve the two operators’ proposed merger.

It was announced in June that Eldorado would buy all of Caesars’ outstanding shares for a total of around $17.3 billion (£ 13.3 billion/€15.6 billion).

The deal was subject to approval by both owners, with holders of more than 99 percent of Eldorado’s shares, or nearly 87 percent of the outstanding common stock of Eldorado, voting in favour of the merger.

Holders of more than 99% of Caesars ‘ shares, or about 76% of the common stock of Caesars, have voted to approve the proposed agreement.

Eldorado and Caesars stockholders have approved several other steps related to the transaction, including the reincorporation of Eldorado from Nevada to Delaware, prior to the merger being completed.