Eldorado/Caesars Deal: It Will Close Because It Makes Post-Virus Sense As A Real Value [Seeking Alpha]
ELDORADO RESORTS (ERI)
Last eldorado resorts earnings: 2/26 04:05 pm
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US:NASDAQ Investor Relations:
ir.eldoradoresorts.com
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Source: Seeking Alpha
SummaryFears that the deal may be threatened unwarranted now.Basic sense prevails.Icahn is holding firm so far.Since the outbreak of the COVID-19 virus, all babies in all sectors have been thrown out with the bathwater. This has especially shaken the gaming stocks facing the draconian specter of closed properties in indeterminate duration. Right now, even the CDC's Dr. Fauci has admitted that it is the virus, not he, nor anyone else, who will decide when the plague will abate, no less bid a final, welcome farewell. All we do know is that a vaccine, whenever it will arrive, will unquestionably be 100% protective and banish this horror from our lives for good. By most authoritative measures, that relief could be as far as 14 months away. That cold reality forms just one part of a set of dour macro headwinds battering the casino sector.Thus, the ongoing progress toward the close of the $17.3b Eldorado Resorts, Inc. (NASDAQ:ERICZRCSJPMOTCPK:MCQEFIn addition, a sword of Damocles appears to
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