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Eldorado Resorts, Inc. (NASDAQ:ERI) and Caesars Entertainment entered into definitive merger agreement to create largest U.S. gaming company

By on June 25, 2019 0

Eldorado Resorts, Inc. (NASDAQ:ERI) and Caesars Entertainment Corporation (NASDAQ:CZR) announced that they have entered into a definitive merger agreement to create the largest U.S. gaming company. The proposed transaction will combine two leading gaming companies with complementary national operating platforms, strong brands, strategic industry alliances, and a collective commitment to enhancing guest service and shareholder value. The combined company will provide its guests with access to approximately 60 domestic casino–resorts and gaming facilities across 16 states. The transaction is transformational for each company’s shareholders, employees and customers, combining Eldorado’s operational expertise with Caesars industry-leading loyalty program, regional network and Las Vegas assets.

Eldorado Resorts, Inc. (NASDAQ:ERI), a Services sector firm, traded 19.36 Million shares in last trading session with closing price of $45.77 per share. Company gross margin stands at 47.60% whereas its return on investment (ROI) is 5.10%. Stock value has moved between $31.78 – 55.14 in last one year. Analyst’s mean target price for Eldorado Resorts, Inc. (NASDAQ:ERI) is $57.33 while analysts mean recommendation is 1.90. ERI EPS growth this year is 315.10%. 

On last trading day, Encana Corporation (NYSE:ECA) shares closed at $4.78 per share. ECA market capitalization is 6977.84 with beta of 1.99. Analyst’s mean target price for Encana Corporation (NYSE:ECA) is $10.54 whereas analysts mean recommendation is 2.20. Its weekly performance is -0.62% while year to date (YTD) performance is -17.30%. 

In last session New Frontier Corporation (NYSE:NFC) traded 1000 shares and was closed at $10.10. Company is -0.20% away from its 52 week high and is moving 7.04% ahead of its 52 week low. New Frontier Corporation (NYSE:NFC) quarterly performance is 2.54%. 

RTW Retailwinds, Inc. (NYSE:RTW), a Services sector firm, traded 103448 shares on last trading day with closing price of $1.65 per share. Company gross margin stands at 31.00% whereas its return on investment (ROI) is 3.90%. Stock value has moved between $1.62 – 5.5 in last one year. Analyst’s mean target price for RTW Retailwinds, Inc. (NYSE:RTW) is $2.00 while analysts mean recommendation is 3.00. RTW EPS growth this year is -27.60%. 

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