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.
SEE ALSO: BEST US CASINO SITES
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.
Latest US casino news
Eldorado wants Caesars to cut expenses at casino properties
Eldorado Resorts wants to buy out several of Caesars Entertainment's casino properties, but not until operating expenses are slashed by upwards of $500 million.
West Virginia legalises online casino and poker games
With the ratification of Bill H 2934, West Virginia is now one of only three US states where online casinos, online poker and online sports...
Caesars and Eldorado commence merger negotiations
Caesars Entertainment has given financial records to Eldorado Resorts in the first move of a proposed merger between the two American casino operators.
Big Fish Games hit with class action suit over in-app purchases
A class action suit lodged with the US District Court in Washington claims that Big Fish Games uses casino-like tactics to induce millions in micro-transactions...
NetEnt granted permanent New Jersey gaming licence
Having operated on a transactional waiver since 2015, casino software giant NetEnt is now a fully licensed member of the booming New Jersey gambling industry.