June 24 (UPI) -- Eldorado Resorts announced Monday it will acquire Caesars Entertainment in a $17.3 billion cash and stock deal that will create the largest gaming company in the United States.
Eldorado said it will pay $12.75 per share, a 28 percent premium to Friday's closing price, the casino operator said in a statement. Caesars operates the Harrah's and Horseshoe brands and the combined company will take on the iconic Caesars name.