Eldorado CEO optimistic about Caesars merger despite pandemic crisis

Eldorado CEO optimistic about Caesars merger despite pandemic crisis. Find more casino welcome no deposit bonuses 2020 by following our blog.

Eldorado Resorts CEO Tom Reeg believes his company will be able to complete the $ 17.3 billion merger with Caesars Entertainment Corp. as originally expected. Tom Ree is ready to take the reins of the expanded casino and hospitality group when the mega deal is finalized.

During the announcement of Eldorado Resorts’ first-quarter earnings on Monday, the company’s boss gave much-needed optimism to the revival of the casino industry as Nevada and other states gradually eased restrictions on public life amid the Covid-19 pandemic and many businesses. , including casinos, are ready to reopen. Eldorado’s net income fell 17.5 percent year-over-year to $ 473.1 million due to the closure of its properties around the United States following the Covid-19 pandemic, which hit the nation and the rest of the world, which is not the same as we know it. .

Tom Reeg believes the worst may have ended for his company and the sector as a whole, and he said they are expected to see big profits once gambling properties are allowed to resume operations. In addition, the CEO of Eldorado commented that as it reopened elsewhere and social alienation was somewhat weakened, bettors will embark on the adventures of casino games when casinos open their doors and are ready to welcome customers.

On Monday, the future partner of Eldorado – Caesars, described in detail his plan to open in Nevada and other states where he operates real estate, and the company said it would resume operations in some of the casino resorts in its entire network, when it is permitted by governmental and tribal authorities. In places where the company manages multiple properties, it would open them in stages according to demand and capacity. Caesars said it has developed a comprehensive health and safety plan that will be implemented in all its aspects to ensure the health and well-being of the company’s team members, as well as guests and visitors.

The health and safety program includes intensified cleaning of public spaces and guest rooms to help limit the spread of coronavirus. In addition, all property employees will be required to wear face masks as well as gloves. Some sources suggest that in Las Vegas, the leading resort Caesars Palace will be the first to open its doors.

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