The land and buildings are leased from Edgewood Companies, which also owns Edgewood Golf Course. “It’s pretty clear that management wants (the Caesars merger) to get closed as soon as possible and is willing and ready to dispose of any assets that need to be removed,” Stifel Financial gaming analyst Steven Wieczynski told investors following the earnings call.Įldorado owns the operations of Mont Bleu. Analysts, however, won’t say a deal for the property is all but certain. Most gaming observers believe the nearly 500-room Mont Bleu, which borders a portion of the Heavenly ski resort at the corner of Highway 50 and Lake Parkway, is on the market once again.
He said “Northwest Louisiana and in the Tahoe area” are “markets where you should expect us to be active” in terms of a casino sale prior to the deal closing. Reeg mentioned the community on the company’s third quarter earnings conference call in November.
The merger is full of potential antitrust violations in several jurisdictions. On paper, the combination of Eldorado and Caesars covers roughly 60 gaming properties in 18 states, including 18 casinos in Nevada.
