\u201cAs it is, (Caesars Southern Indiana) doesn\u2019t really interact or is in competition with the Tropicana property in Evansville, so I don\u2019t see any reason why it won\u2019t get approved and move forward,\u201d Rodio added.<\/p>\n
The Indiana Gaming Commission has yet to publish its meeting dates for 2020.<\/p>\n
\n
Earlier this month, the company closed on selling two Missouri casinos \u2013 the Isle Casino Cape Girardeau and the Lady Luck Casino Caruthersville \u2013 as part of a three-property, $385 million transaction with Century Casinos Inc. and VICI Properties. That deal was announced in June, a week prior to the Caesars acquisition.<\/p>\n<\/div>\n
In July, Eldorado announced it would sell the Isle of Capri Casino Kansas City, another Missouri casino, to Twin River Holdings Inc. as part of a $230 million two casino deal.<\/p>\n
Caesars Cutting Jobs<\/h2>\n
While Eldorado is selling properties, Caesars has begun cutting some jobs.<\/p>\n
In October, Caesars announced in a filing with the US Securities and Exchange Commission a voluntary severance program. The program was offered to select US-based management staff. The program is expected to help Caesars save about $40 million as the company looks to cut upwards of $100 million in costs before the merger takes place.<\/p>\n
Those cuts would just be the beginning as Eldorado officials, who will assume management of the new entity, will look to realize at least $500 million in savings. Some expect the new company will consider divesting a couple of Caesars properties on the Las Vegas Strip.<\/p>\n","protected":false},"excerpt":{"rendered":"
ELIZABETH, Ind. \u2013 Now that the shareholders have approved the merger between Caesars Entertainment and Eldorado Resorts, it\u2019s up to the states where both gaming companies do business to sign-off on the merger. And in Indiana, Caesars Entertainment CEO Tony Rodio expects the companies will not need to sell any of their properties. It should […]<\/p>\n","protected":false},"author":45,"featured_media":122298,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\n
Caesars CEO Rodio Expects 'Status Quo' in Indiana After Eldorado Merger<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n