Eldorado and Caesar's create the world's largest casino - how long will the hype last?
The biggest casino company in the world was born a few weeks ago. Every investor was going nuts about the $17 billion merger between Caesars and Eldorado Resorts. However, Caesars is down 20% at the moment. Earnings are just around the corner on the 4th of August. Investors could see an injection of bullish optimism, but it seems the merger is losing traction in the bigger picture.