For Your Information
FTC Approves Final Order Imposing Conditions on Casino Operators Eldorado Resorts, Inc. and Caesars Entertainment Corporation
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Eldorado’s $17.3 billion agreement to acquire Caesars likely would violate federal antitrust law.
According to the complaint, which was first announced in June, the proposed acquisition would likely harm competition for casino services in the South Lake Tahoe area of Nevada and the Bossier City-Shreveport area of Louisiana.
The final order requires the parties to divest casino-related assets to Twin River Worldwide Holdings, Inc. in both markets. Independent of its proposed acquisition of Caesars, Eldorado sold its Isle of Capri casino in Kansas City, Missouri on July 2, 2020, obviating the need for the Commission to take any further action to protect competition in that area.
The Commission vote to approve the final order was 3-1-1. Commissioner Rebecca Kelly Slaughter did not participate and Commissioner Rohit Chopra voted no.
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