Caesars Palace bought by Eldorado for $8.7 billion

[baseballstud]

Very nice if this goes through, expect more clarity at shareholders meeting tomorrow in Vegas.

https://www.bloomberg.com/news/articles/2019-06-23/eldorado-resorts-to-buy-caesars-in-18-billion-deal-reuters

[eaglesfan371]

Eldorado is valued at $4 billion. In what world, with expansion of casinos everywhere and major competition, raising levered debt so much to pay for this purpose? Caesars properties are dumps.

Financing with stock (lol) wow. Has no one been paying attention to casinos in recent years. Huge projections falling way short, leaving casinos in the red, due to the interest on the building loans. Look at Oceans in AC and all of the NY casinos for example. Yes, many properties of Caesars have been around forever, so likely depreciated and mortgages paid down, but still. It is not an industry I would buy real estate in.

[mpaschal34]

Casinos have gotten way too greedy. Just spent a week in Vegas and it was tough to find 3-2 BJ tables. 6-5 is now the norm. I’m slowly losing the desire to gamble when I know they are out to screw me.

[eidolon]

What a horrible time to purchase a location that cost billions.
They will regret this decision in a few years from now.

[clockwise1965]

Foolish accusation.

[Optional]

Casinos have gotten way too greedy. Just spent a week in Vegas and it was tough to find 3-2 BJ tables. 6-5 is now the norm. I’m slowly losing the desire to gamble when I know they are out to screw me.

Downtown baby. Where the true degens play.

[mpaschal34]

Downtown baby. Where the true degens play.

Funny you say that....this was downtown.

One place wouldn’t even let me double down after splitting.

[SBR_Guest_Pro]

Casinos have gotten way too greedy. Just spent a week in Vegas and it was tough to find 3-2 BJ tables. 6-5 is now the norm. I’m slowly losing the desire to gamble when I know they are out to screw me.

i'm seeing the Indian casinos take advantage of this in California. Their hotels are always sold out with $400 rates and tables games full on weekends. They're promoting 3-2 BJ at a lot of them. Still offering free parking. Free rooms etc.

[jjgold]

Vegas is so square now

Zero value

Play online with legal places and way ahead on expenses

[eaglesfan371]

i'm seeing the Indian casinos take advantage of this in California. Their hotels are always sold out with $400 rates and tables games full on weekends. They're promoting 3-2 BJ at a lot of them. Still offering free parking. Free rooms etc.

I don't know if indian casinos have this but California casinos are awful. I've never played a hand of blackjack in CA and probably never will. You have to PAY $1 minimum PER hand just to play. Not only does the house have 1% edge but paying a $1+ fee to play a hand, fuk no.

Pretty sad too, was tilted and about to bet $100 black chips when in LA at a casino blackjack, when they told me I had to pay $1 just to play a -EV game, I cursed them out and left. Fuk to the HELL no.

[eaglesfan371]

Not surprisingly El Dorado stock has tanked 12%+ today. Awful purchase.

[impaul4]

They bought Caesars Entertainment not just one property right?

[Grivas_Digeni]

New ownership! Bring back card counting at black jack tables, wo-hoo!

[BigdaddyQH]

How often, if ever, did any of you alleged high rollers stay at Caesars Palace? Honest answers please.

[bettilimbroke999]

8.7 BILLION? Fuk me good luck on those slots and 6-5 blackjack tables boys...no hope

[BigdaddyQH]

Vegas is so square now

Zero value

Play online with legal places and way ahead on expenses

Only LOSERS like yourself and most of the other people in here think that? I am sure that is because you guys do not have any money. I spend more money in tips than you guys spend in wagering. You are poor. Poor people do not belong in Vegas. People like you will vote for the Liberal Democrats so you can get a handout without having to work. If you want to be treated like someone important, you had better be someone important. So far, I have not seen anyone in here important enough in here to receive Big Time Comps. The average Joe has to pay for those comps. That means you.

[BigdaddyQH]

Casinos have gotten way too greedy. Just spent a week in Vegas and it was tough to find 3-2 BJ tables. 6-5 is now the norm. I’m slowly losing the desire to gamble when I know they are out to screw me.

And the real problem now shows itself. You guys are just jealous that you missed the easy money boat. You finally realized that they are out to screw you? They have ALWAYS been out to remove your money from you as quickly and painlessly as possible. Vegas has been going down hill ever since the Mob left it for greener pastures. This has been going on for years. Nothing has really changed. The business 'sharps" suck the dumb arse new kids on the block to make purchases like this. Just like Casino's, both in the US and off shore, sucker you guys into losing your money. Being a stockholder in Caesars, I am a happy man. I will make a nice little profit on this sale.

[impaul4]

How long have you been a shareholder. Caesars stock is down 35% on a 5 year run. So are you really going to profit?

[2daBank]

How long omg have you been a shareholder. Caesars stock is down 35% on a 5 year run. So are you really going to profit?

If you new as your 8 post suggest you don’t know yet how incredibly full of shit that guy is. Don’t believe a word he post.

Excellent job proving it once again tho!! Nice work and welcome!!

[KVB]

How long omg have you been a shareholder. Caesars stock is down 35% on a 5 year run. So are you really going to profit?

No reason to believe anything Bigdaddy posts...lol.

He doesn't own shit, it's just another one of his past posts claiming a win he never bet.

He's known for that around here.

Good Luck impaul4, welcome to SBR.

[KVB]

If you new as your 8 post suggest you don’t know yet how incredibly full of shit that guy is. Don’t believe a word he post.

Excellent job proving it once again tho!! Nice work and welcome!!

LMAO, Banker beat me to it.

[2daBank]

I like Paul already, took him no time to see what a phony scum bag fat daddy is. Guess it not that hard tho!! Lol

[MinnesotaFats]

Didn't ceasars split into 2 company? One casino operator, one real estate biz...

This deal include both?

[eaglesfan371]

Didn't ceasars split into 2 company? One casino operator, one real estate biz...

This deal include both?

Good question. Caesars does lease their casinos from the real estate corporation they created. I would imagine it includes the real estate company as well but not positive.

[5918mike]

Funny you say that....this was downtown.

One place wouldn’t even let me double down after splitting.

Yup, I was there last weekend and it's totally lost my interest. I miss the old Vegas.

[7deuceoff$uit]

I don't know if indian casinos have this but California casinos are awful. I've never played a hand of blackjack in CA and probably never will. You have to PAY $1 minimum PER hand just to play. Not only does the house have 1% edge but paying a $1+ fee to play a hand, fuk no.

Pretty sad too, was tilted and about to bet $100 black chips when in LA at a casino blackjack, when they told me I had to pay $1 just to play a -EV game, I cursed them out and left. Fuk to the HELL no.

Indian Casiono's don't charge you the $1. That's just at card houses.

[TheMoneyShot]

Honestly.... great deal to sell out for Caesars.

[dealer wins]

I will agree about Vegas, I used to go there every year, but its now a dump with casinos screwing every penny out of you with cr@p game rules and charges for everything possible! And the last time I was there (2011) it felt very unsafe at times even on the strip.

[jjgold]

walk up casinos going to die out

everything will be online in future

[dealer wins]

walk up casinos going to die out

everything will be online in future

I hope not. Theres nothing better than a busy buzzing live casino and having a good game of blackjack/craps etc

I always expect to lose, but I wont accept a casino that deals shitty rules and odds and tries to squeeze every penny out of me at every turn!

[mtneer1212]

Downtown is the true Vegas.

[impaul4]

Was in Vegas during March Madness. Was an okay time. High limit slots was good but god damn the table games at Caesars are bad.

The fee tables downtown had weird rules about splitting and doubling.

At local casinos BJ is 3/2, Split any pair or 10’s, can double anything, can double after split (except A’s).

[leetreaper]

Only LOSERS like yourself and most of the other people in here think that? I am sure that is because you guys do not have any money. I spend more money in tips than you guys spend in wagering. You are poor. Poor people do not belong in Vegas. People like you will vote for the Liberal Democrats so you can get a handout without having to work. If you want to be treated like someone important, you had better be someone important. So far, I have not seen anyone in here important enough in here to receive Big Time Comps. The average Joe has to pay for those comps. That means you.

And the real problem now shows itself. You guys are just jealous that you missed the easy money boat. You finally realized that they are out to screw you? They have ALWAYS been out to remove your money from you as quickly and painlessly as possible. Vegas has been going down hill ever since the Mob left it for greener pastures. This has been going on for years. Nothing has really changed. The business 'sharps" suck the dumb arse new kids on the block to make purchases like this. Just like Casino's, both in the US and off shore, sucker you guys into losing your money. Being a stockholder in Caesars, I am a happy man. I will make a nice little profit on this sale.

Just go away already u useless POS, nobody likes, respects or listens to you faken clown show retard.

[KVB]

Bigdaddy berried again.

[Grits n' Gravy]

Only LOSERS like yourself and most of the other people in here think that? I am sure that is because you guys do not have any money. I spend more money in tips than you guys spend in wagering. You are poor. Poor people do not belong in Vegas. People like you will vote for the Liberal Democrats so you can get a handout without having to work. If you want to be treated like someone important, you had better be someone important. So far, I have not seen anyone in here important enough in here to receive Big Time Comps. The average Joe has to pay for those comps. That means you.

And the real problem now shows itself. You guys are just jealous that you missed the easy money boat. You finally realized that they are out to screw you? They have ALWAYS been out to remove your money from you as quickly and painlessly as possible. Vegas has been going down hill ever since the Mob left it for greener pastures. This has been going on for years. Nothing has really changed. The business 'sharps" suck the dumb arse new kids on the block to make purchases like this. Just like Casino's, both in the US and off shore, sucker you guys into losing your money. Being a stockholder in Caesars, I am a happy man. I will make a nice little profit on this sale.

Pipe down baby bumper.

bigdaddy beats it to Gerber baby food ads.