It was the biggest, and maybe most improbable, deal in the history of the gaming industry. When Eldorado Resorts announced its intention to purchase Caesars Entertainment, it was like a minnow swallowing a whale. Probably the most recognizable brand in the gaming industry, Caesars was worth multiples more than any company Eldorado had previously bought, but company executives, including Chairman Gary Carano, were confident that the deal could be accomplished for the benefit of shareholders on each side. Carano explains Eldorado’s path to acquiring the gaming giant and how they plan to turn around a company that had become bloated and complacent over the last 10 years. He talks about the future of Caesars, as well as recognizing the past and the debt owed to the Reno founders of each company. He spoke with GGB Publisher Roger Gros at the company’s offices in Reno in August for the cover story of the October issue of the magazine.
Executive Chairman, Caesars Entertainment