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Eldorado/Caesars merger gets final approval

Discussion in 'Casino Industry & Development' started by jeanf, Jul 17, 2020.

  1. jeanf

    jeanf Tourist

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  2. marksind

    marksind VIP Whale

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    I sure hope they keep Eldorado's Reno gambling the same. Please don't imitate Caesars! We love gambling at the Eldorado and Silver Legacy. Never play at any of the Caesars properties in Vegas.
     
  3. hammie

    hammie VIP Whale

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    Here is an article from the Press of Atlantic City about the merger.

    Of note, however, is the state Division of Gaming Enforcement’s recommended condition to remove all existing deed restrictions on former Caesars assets in Atlantic City — specifically, Showboat Hotel Atlantic City, The Claridge hotel and the former Atlantic Club Casino Hotel — that was excluded in the final approval at Plousis’ request.

    The Regulators in NJ wanted Caesars to remove the deed restrictions on those properties to make it easier for competitors to enter the market, but it was removed from the final agreement.
     
    Last edited: Jul 17, 2020
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  4. vegasvstr

    vegasvstr Low-Roller

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    Everything is going under Caesars Rewards. Eldorado said this and they mentioned Caesars online, app, etc. is superior to anything they have.
    Though they did mention working on Caesars marketing and speeding up offer turn around times.
     
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  5. vegasmann

    vegasmann Tourist

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    I am a bit Nervous about this think the Merger will hurt the current reward system and the offers.
     
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  6. greekjim

    greekjim VIP Whale

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    The current Caesars’ reward program besides easily achievable free rooms has been sliding for awhile now
     
  7. vegasmann

    vegasmann Tourist

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    I like the Ability to get Free Rooms from Caesar"s but usually mergers go against the customers.
     
  8. snoopydogj

    snoopydogj Low-Roller

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    I agree, things won’t get better for the customer as far as comp benefits.
    They’re going to look at total rewards & say “you sure give a lot of rooms away free”
     
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  9. VegasFirstTimer

    VegasFirstTimer High-Roller

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    I think they will adjust the no resort fee based on the diamond tier level. I can see them say diamond elite and up is no resort fee. Diamond plus free lounge and diamond free parking
     
  10. vegasmann

    vegasmann Tourist

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    I hope your right about diamond and hopefully platinum gets free parking still
     
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  11. vegasvstr

    vegasvstr Low-Roller

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    Hoping it might drive competition in some markets. I was talking with a local host at a non Eldorado/Caesars chain. He said they have some concerns about losing business if the local Eldorado program (Trop) switches to Caesars. There are a lot of Caesars players and they have an even bigger network now.
     
  12. lithium78

    lithium78 VIP Whale

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    It's a bad blow for AC that Eldorado didn't remove the deed restrictions on the Showboat, Atlantic Club, and Claridge. There is only so much land available for casinos in AC and they basically wiped out a large chunk of the Boardwalk from having any kind of gaming.
     
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  13. vegasmann

    vegasmann Tourist

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    it is going to be curious to see wonder what the plan for the pier which has been a disaster
     
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  14. nostresshere

    nostresshere Mr. Anti Debit Card

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    I guess I read the original post that Eldorado would become the loyalty program... but I think it means they will maintain/administer the CET program.

    From News:
    "Eldorado also will take hold of the Caesars Rewards loyalty program and integrate existing Eldorado customers into it quickly."
     
  15. hammie

    hammie VIP Whale

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    Where there’s a will, there’s a way. It was the state that backed off and didn’t require Eldorado to remove the deed restriction. It makes no business sense for Eldorado to do it voluntarily as it would possibly open the door to more competition.

    As for “only so much land available”, the boardwalk is about 3 miles long with plenty of property available for development, plus there is a lot between Borgata and Harrah’s. In addition, Trump Plaza could be bought for a song, but they just fenced off the property. This may be due to plans to demolish Trump Plaza. Showboat’s deed restriction expires in 2024, but the current owner claims to have bought an adjacent lot and could build a casino on that land. He recently announces a new scheme to build a water park on that lot.
     
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  16. Astribling

    Astribling Alice In Casinoland

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    I hope your wrong about that. The main reason I try to stay diamond is for the no resort fee. And I doubt I will hit elite
     
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    10 days, 4 hotel changes, Caesars, Plaza, Paris, Cosmo! YASS!!
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  17. DJP

    DJP Low-Roller

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    The only thing that's certain, is that change WILL come eventually as part of this merger. What's uncertain, is what exactly that change will be, and when exactly it will happen. Now we get to wait and see, and hope we don't lose our favorite perks.
     
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  18. JeJas

    JeJas VIP Whale

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    There are only 2 things that I heard are certain:
    1. Eldorado CEO claimed he wanted to save $500M per year after merge
    2. Carl Icahn is the biggest share holder of the combined company. go figure.
     
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  19. nostresshere

    nostresshere Mr. Anti Debit Card

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    There will surely be changes. What and how quick is the unknown.

    Keep in mind that good comps bring in more customers, so that is in our favor.
    and at the same time.

    Comps cost money. That is not in our favor.

    It is all about the balance.
     
  20. Guy_

    Guy_ VIP Whale

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    On top of that.. By the time everything settles customers will be past the "Pent up demand" part of the pandemic and onto "Do I have the Money? or Is it worth the risk" phase.
    This should highly discourage a big drop in comps at least for the short terms
     
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