Caesars has been bought out by El Dorado.

[Cannot_Wait_4Disney]

The new company will still be named Caesar's, however just as it was when Harrah's bought out Caesar's years ago.

El Dorado has a large presence in Reno, but not Las Vegas until now that is and has several properties all over the United States

The deal still has to be approved.

 

[kaytieeldr]

Just Caesars? Or the entire company? Any chance the new owners might start a trend of eliminating resort fees?

 

[bcla]

Just Caesars? Or the entire company? Any chance the new owners might start a trend of eliminating resort fees?

The entire company. From what I gather the big thing is that Eldorado is paying a certain amount AND assuming about that much in debt.

As far as resort fees go, I remember back when Harrah's as a company (before the merger) would ridicule other casino hotels for charging resort fees.

It's also kind of odd now. We've had reduced rates because we've gambled, and I remember some of those stays resort fees weren't charged although they were mentioned in the reservations. Recently I stayed in Vegas on business and even though our base rate averaged about $45/night (it was a really good rate compared to almost everyone else) at the SLS, the resort fee was about $32 a night. And since I stayed there and they have my email address, I've been sent their promotional messages, including one that says they have a special deal now where a reservation made before July 7 will be free of resort fees. Stays are up to Dec 31.

And speaking of SLS, I heard that they're going to name it Sahara again.

 

[Cannot_Wait_4Disney]

Just Caesars? Or the entire company? Any chance the new owners might start a trend of eliminating resort fees?

Whole company. 17.3 billion in cash and stock.