a likely divestment in that market<\/a>. Reeg also said he doesn’t expect other asset sales to be necessary to gain various state regulatory approvals, potentially allaying concerns that the company would have to sell or close a venue on the Atlantic City, N.J. Boardwalk.<\/p>\nAnalysts, including Roth Capital’s David Bain, applauded Reeg’s clarity on approvals and asset sales following the call.<\/p>\n
\u201cCatalysts are either under way or near-term: 1) Real-time continuation of state regulatory approvals for the CZR merger leading to a growing base of buyside\/sellside models\/valuations to reflect consummation and forward synergies; 2) tangible, front-end loaded CZR synergy harvesting beginning early 2Q19 (a timeline management cited\/reiterated on yesterday\u2019s call); 3) monetization of sports betting assets, and 4) a Strip asset sale (and other non-core asset sales) all coupled with other value creating events we see taking place over the next 12-months,\u201d said Bain in a note provided to <\/strong>Casino.org.<\/strong><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"Eldorado Resorts, Inc. (NASDAQ:ERI) has landed another state regulatory approval in its quest to acquire rival Caesars Entertainment Corp. (NASDAQ:CZR), as the Maryland State Lottery & Gaming Control Agency said Thursday it’s signing off on the deal. On a conference call with analysts Wednesday regarding the company’s fourth-quarter earnings report, Eldorado CEO Tom Reeg noted […]<\/p>\n","protected":false},"author":46,"featured_media":128377,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,32093],"tags":[],"acf":[],"yoast_head":"\n
ERI Lands Another Approval For Caesars Deal as Maryland Comes Aboard<\/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