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Thread: Caesar's Sold?

  1. #1
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    Caesar's Sold?

    The heading of the article said sold...the article read more like a merger? Same enterprise that owns Tropicana & others.

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    Senior Member mhetrick's Avatar
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    Caesar's Sold?

    It’s a merger with no property selloffs..yet. The deal still needs shareholder approval, regulatory approval, etc and doesn’t close until 2020. I wouldn’t expect any changes until then at the earliest.

    The new company will be Caesars with Caesars Rewards staying intact.

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    Member Colleen's Avatar
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    I couldn't find anything about Caesars Rewards so thank you for that. Does it mean the Eldorado properties will be under Caesars Rewards rules now? I guess time will tell. We live near Tahoe and have many wonderful friends that work at Harrah's/Harvey's. We are hoping those two properties remain in the Caesar's portfolio.

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    Senior Member mhetrick's Avatar
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    Quote Originally Posted by Colleen View Post
    I couldn't find anything about Caesars Rewards so thank you for that. Does it mean the Eldorado properties will be under Caesars Rewards rules now? I guess time will tell. We live near Tahoe and have many wonderful friends that work at Harrah's/Harvey's. We are hoping those two properties remain in the Caesar's portfolio.
    No one knows for sure at the moment. For now, they will operate as separate entities however it does sounds like Eldorado players will be converted into the Caesars Rewards system at some point in time since they are keeping the strong database and name of the club. Once approvals are finished in 2020, I'm sure there will also be modifications to the CR Program from what we know today.

    For now, I'd say play where you want to play. Nothing will change in the short term in either club.

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    Senior Member L2smith's Avatar
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    There was an article that said Harrah’s Atlantic City, New Orleans, and Laughlin were being sold or they’re in talks to sell them. I can’t find the article....the company was four Initials.....started with a V I think. VIFI?
    Someone posted it on a Vegas Facebook group.....


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    Senior Member mhetrick's Avatar
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    Caesar's Sold?

    Those properties are being sold to a company called VICI Properties, a spin-off of CET that was formed as a result of the bankruptcy. Basically, they buy the land and property and lease it back to CET to operate. VICI also owns casino real estate properties for other operators as well.

    As of now, there are no CET properties being sold to another gaming company.

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