Will Casinos Die at Caesars Entertainment? — Market Mad House
The conventional wisdom is that coronavirus will kill or devastate the casino industry. In July, Caesars Entertainment (NASDAQ: CZR) proved that thesis with a desperate merger with Eldorado Resorts.
Eldorado Resorts bought Caesars Entertainment Corp (NASDA: CZR) for $17.3 billion on 20 July 2020. Marketwatch claims the resulting company, which they will call Caesars Entertainment, will be the world’s largest casino operator.