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ERI - Why Caesars Entertainment Stock Popped 42.9% in April
Caesars Entertainment Inc (New) Com
Shares of casino giant Caesars Entertainment(NASDAQ: CZR) jumped 42.9% in April, according to data provided by S&P Global Market Intelligence, after investors started to think its merger with EldoradoResorts(NASDAQ: ERI) seemed more likely.
As April wore on, the market got a little more bullish as Caesars and Eldorado inched closer to their merger. Management teams at both companies insisted that the deal will go as planned, despite the fact that closing was pushed from April to June.