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Eldorado is buying Caesars to form America’s largest casino business

Eldorado Resorts (ERI) is buying Caesars Entertainment to create the largest gaming company in the United States. ERI reportedly has agreed to buy its larger rival in a cash and stock deal worth $17.3 billion, which includes Caesar’s mountain of debt. The announcement comes three months after billionaire investor Carl Icahn joined Caesars’ board and pushed for a sale of the company. Read the CNN story here

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