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Eldorado Resorts and Caesars Entertainment, In the Matter of

08/27/2020 | 02:22pm EDT
Eldorado Resorts and Caesars Entertainment, In the Matter of
Last Updated: July 7, 2020
Case Status:
Pending
In the Matter of Eldorado Resorts, Inc., a corporation; and Caesars Entertainment Corporation, a corporation.
FTC Matter/File Number:

191 0158

Docket Number:

C-4721

Enforcement Type:

Part 2 Consents

Case Summary

Casino operator Eldorado Resorts, Inc.has agreedto divest assets to settle charges that its $17.3 billion acquisition ofCaesars Entertainment Corporation likely would be anticompetitive in the South Lake Tahoe area of Nevada, the Bossier City-Shreveport area of Louisiana, and the Kansas City area of Kansas and Missouri. According to the complaint, the proposed acquisition would harm competition for casino services in these three local markets, increasing the likelihood that Eldorado would unilaterally exercise market power, which in turn would lead to higher prices and reduced quality.

Case Timeline

Disclaimer

Federal Trade Commission published this content on 26 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2020 18:22:07 UTC


© Publicnow 2020
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