Caesars, CEOC announce approvals from NJ Casino Control Commission
Caesars Entertainment and Caesars Entertainment Operating Company announced that the New Jersey Casino Control Commission this week granted the necessary regulatory approvals required for the merger of Caesars Acquisition Company into Caesars Entertainment and for the reorganization of CEOC. In addition to regulatory approvals, the merger of CAC with and into Caesars Entertainment is subject to approval by stockholders of both companies and other customary closing conditions. CEOC's restructuring is subject to the completion of the merger, certain financing activities and other customary closing conditions. In addition to New Jersey, the companies have received approvals from gaming authorities in Indiana, Pennsylvania, Iowa, Maryland, Mississippi and Illinois. Caesars Entertainment and CEOC continue to engage with regulators in three jurisdictions where approvals are required for certain aspects of CEOC's restructuring.