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Caesars Was Acquired to Create the Largest Gaming Company in the US

June 25, 2019
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2 min read
Caesars Palace_Garden of the Gods_Temple Pool
Caesars Was Acquired to Create the Largest Gaming Company in the US
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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."

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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).

Caesars Palace Lobby (Image courtesy of Shutterstock)

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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Apply for American Express® Gold Card
at American Express's secure site
Terms & restrictions apply. See rates & fees
Best for dining at restaurants

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TPG Editor‘s Rating
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  • Intro Offer

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  • Annual Fee

    $325

  • Recommended Credit

    Excellent to Good

Why We Chose It

There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)

Pros

  • 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
  • 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
  • Packed with credits foodies will enjoy
  • Solid welcome bonus

Cons

  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber and other dining credits
  • You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
  • Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
  • Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
  • Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
  • $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
  • $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
  • Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
  • No Foreign Transaction Fees.
  • Annual Fee is $325.
  • Terms Apply.