• Updated

Reuters is reporting that Eldorado Resorts has agreed to merge with Caesars Entertainment in a $18 billion deal. They say this is after they reported three months ago that Caesars had agreed to give Eldorado access to its books under pressure from investor Carl Icahn. Reuters says the deal is expected to be announced Monday and values Caesars at close to $13 a share. They say the combined company's ownership would be split roughly between Eldorado and Caesars shareholders.