Caesars Entertainment and Eldorado Resorts have reportedly entered into merger talks.
Various media sources are reporting that Eldorado is carrying out due diligence after receiving confidential financial records from Caesars.
A shake-up of this nature was expected after Carl Icahn purchased a 17.75 per cent stake in Caesars.
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The investor already has three seats on the board and is close to securing a fourth, so his influence within the company is considerable.
Eldorado is not the only casino operator rumoured to be in the mix for a merger with Caesars.
There were whispers of a potential deal with MGM Resorts last year, while Golden Nugget reportedly approached Caesars with an offer for a reverse buyout.
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