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STATESIDE


that all changed when El Dorado acquired Tropicana’s seven casinos in six states – including Atlantic City – for $1.85 billion. Reeg wanted a nationwide presence and El Dorado now owns 26 properties in 12 states across the East, Midwest, South and West. Reeg acknowledged his mistake in thinking sports betting


would be just a fad and maybe the realization that it could be more motivated another leap of faith. Two weeks later, El Dorado announced a $17.3 billion deal to merge with Caesars Entertainment in 2020. This transaction will have enormous impact. El Dorado will sell some Las Vegas Strip properties, plus others in the 16 states where the two overlap. In addition to market oversaturation, anti-trust issues will force a sell-off. On the first morning, the conference also welcomed new


AGA CEO/President Bill Miller to the industry. He summarized his experiences and observations during these first five months on the job. With a diverse business and legislative background, Bill comes to gaming with an interesting perspective. We have already spoken twice and Bill’s a great interview.


Read Part One in this issue for his initial thoughts. In Part Two next month, Bill details pressing topics and his ambitions for the industry. Also, I will continue with my ECGC report next month. Look for more information about mobile sports betting and electronic payments. Plenty of panelists had plenty to say.


JULY 2019 11


Felix Mizioznikov/Adobe Stock


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