Skip to main content

Market Overview

Why Caesars And Eldorado Are Trading Higher Today

Share:
Why Caesars And Eldorado Are Trading Higher Today

Caesars Entertainment Corporation (NASDAQ: CZR) and Eldorado Resorts (NASDAQ: ERI) shares are trading higher on Tuesday. A source told CNBC the merger between the two companies should be completed in June.

The casino sector faces headwinds due to the coronavirus and decreased travel and leisure demand.

"There has been some speculation that the massive disruption in the casino sector due to the pandemic would slow down the regulatory review of the deal," according to Seeking Alpha.

Eldorado Resorts shares were trading up 21% at $14.58 on Tuesday. The stock has a 52-week high of $70.74 and a 52-week low of $6.02.

Caesars Entertainment shares were trading up 4.05% at $6.68. The stock has a 52-week range between $14.74 and $3.22.

Related Links:

Caesars Entertainment To Sell Rio Casino Business For $516.3M

Twin River Worldwide Will Buy 2 Casinos From Eldorado Resorts For $230M

 

Related Articles (ERI + CZR)

View Comments and Join the Discussion!

Posted-In: why it's movingM&A News Movers Trading Ideas Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com