US casino operator Eldorado Resorts completed the acquisition of Caesars Entertainment in a cash and stock deal that values its peer at about $18bn including debt. "We are pleased to have completed this transformative merger, thus making us the premier leader in gaming and hospitality. We look forward to executing on the numerous opportunities ahead to create value for all stakeholders. Additionally, we are pleased to welcome all of our Team Members to the combined company, and we look forward to implementing all of the strategic initiatives that will position the company for continued growth," Tom Reeg, Caesars Entertainment CEO.