Caesars Was Acquired to Create the Largest Gaming Company in the US
Move over, MGM.
Eldorado Resorts — a collection of 26 properties spread across the country — said on Monday it had entered into a merger agreement with Caesars Entertainment.
The $17.3 billion sale will create the largest gaming company in the United States.
Though Caesars is undoubtedly the more recognizable name, with notable properties like Caesars Palace, The Linq Hotel and Bally's, all in Las Vegas, the company has been plagued with financial difficulties for years. In addition to the prominent Las Vegas footprint, Eldorado will also absorb Caesars' debt.
But when the mega-entertainment empire will extend to 60 casinos and resorts in 16 states, including such popular gaming destinations Reno, Atlantic City and, of course, Las Vegas.
According to a statement from Eldorado Resorts, "the combined company will retain the Caesars name to capitalize on the value of the iconic global brand."
The exact impact on the two loyalty programs — Caesars Rewards and Eldorado's One Club — is not yet known, but there's no reason to wait around to find out. Those with Wyndham Rewards status (or who can match hotel status to Wyndham) can benefit from Caesars Rewards complimentary status match program. It's also possible to use Wyndham Rewards points to book rooms at Caesars properties, starting at 15,000 points per night, plus resort fee.
Caesars Rewards benefits offer travelers and gamers significant incentives, such as complimentary valet and self-parking at many properties; waived resort fees (Diamond members and above); upgrade at check-in and complimentary early check-in and late check-out, depending on availability (for Seven Stars members).
While exact details aren't known, the statement did call out Caesars Rewards as an "industry-leading . . . loyalty program with proven guest service focus to drive value across the expanded regional network," suggesting that Caesars Rewards — like the distinguished Caesars name — will live on.
We will be closely watching the sale, which is expected to be finalized in the first half of 2020.
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- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month