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

Melanie Lieberman
Melanie Lieberman
Managing Editor for Global Features
Melanie is currently the managing editor for global features at TPG, where she oversees daily travel and lifestyle news, destination coverage, travel features and reports. Prior to TPG, Melanie was an editor at Travel + Leisure magazine, and her work has appeared in Bloomberg Pursuits, Yahoo Travel, Jetsetter, Boston Common magazine, Luxe City Guides, Thrillist and Saveur magazine, among others. She has been recognized for her journalism, poetry, prose and playwriting in various competitions and festivals, and has been featured as a travel expert by notable outlets across radio, podcasts, in print and on television, including "Good Morning America," MSNBC, Fox Business and The Weather Channel.
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.

Featured image by Courtesy of Caesars Palace.