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Eldorado Resorts(NASDAQ: ERI) has been on an incredible run for a half-decade after making a number of aggressive acquisitions. The latest move was its biggest, agreeing to buy Caesars Entertainment(NASDAQ: CZR) in a $17.3 billion deal.
What Eldorado wasn't expecting was a global pandemic to shut down operations of its casinos across the country. And that might be the one reason Eldorado isn't a buy for long-term investors.