Bryan Matthews

Eldorado buys Caesars.     El dorado Resorts buys Caesars Entertainment for $17.3 billion.     Caesars brands include Harrah's, Caesars, and Horseshoe, with 34 casinos and resorts, 39,000 hotel rooms, 48,000 slot machines, and 3,000 table games.     E ldorado operates 26 properties, including Tropicana in Atlantic City, and Eldorado in Reno, with 12,000 hotel rooms, 23,000 slot machines, and 650 table games.     Tom Reeg of Eldorado said: ‘ Eldorado ’s combination with Caesars will create the largest owner and operator of US gaming assets and is a strategically, financially, and operationally compelling opportunity that brings immediate and long-term value to stakeholders of both companies. Together, we will have a powerful suite of iconic gaming and entertainment brands, as well as valuable strategic alliances with industry leaders in sports betting and online gaming. The joint entity will serve customers in essentially every majo...

Apollo buys Shutterfly.     Apollo Global Management buys Shutterfly for $2.7 billion.     Apollo will also buy Snapfish from District Photo, to combine it with Shutterfly.  District Photo will become an important component shareholder in the collective business.     David Sambur of Apollo said: ‘We are excited for our funds to acquire Shutterfly, who has cultivated a deep connection with customers.  At a time when people are taking billions of photos every day, Shutterfly has led the charge as a pioneer of personalized photo products and school photography, helping consumers capture, save, and share life’s most important moments. We look forward to working with Shutterfly’s talented employees and supporting further investments in technology to drive the continued growth and success of the business.’     Neil Cohen of Snapfish and District Photo said: ‘We look forward to working with the Apollo Funds.  The Apollo Funds bring...

IIF buys El Paso .     Infrastructure Investments Fund buys El Paso Electric Company for $4.3 billion.     Infrastructure and pension funds are investing in power generation assets and utility firms. Smaller utilities, lacking economies of scale, are getting squeezed by rising regulatory and cyber-protection costs.     Infrastructure Investment Fund is aligned with El Paso Electric and its mission. The deal has explicit promises to support the growth and success of El Paso Electric, its employee base, customers, and communities.     El Paso Electric’s workforce, including union and non-union employees and management, remains in place. El Paso Electric remains an independently operated, regulated utility, headquartered in El Paso , Texas. El Paso Electric and Infrastructure Investments Fund will give $21 million in credits on customer electric bills over 36 months. This is commonplace in power generation and utility deals. Bill...