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ERI - The Eldorado/Caesars Deal: Repricing In Light Of The Virus Swoon
Caesars Entertainment Inc (New) Com
You have to believe right now that the lawyers and numbers crunchers in and around the Eldorado Resorts Inc. deal ([[ERI]]) to acquire Caesars Entertainment Corp. ([[CZR]]) are massaging scenarios as the coronavirus continues to deflate sector values in an endless downward spiral at the moment. The questions they could be wrestling with are many. But only one qualifies as a burning: The deal was closed pre-virus, with valuations then based on current and recent trades. Since then, we have fallen into the dark ages. The Roman Empire collapsed around 460AD, and it took nearly