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oxford casino food70 a share in cash and the remainder in ERI equity.No HoneymoonNow, ERI CEO Tom Reeg and his team must get to work on realizing 0 million in cost savings — the goal stated when the company revealed its offer for Caesars in June 2019.That will be pivotal toward allaying investors’ concerns that the buyer is taking on too much debt, which will weigh on free cash flow over the next several years.Last week, the CEO told New Jersey officials the combined ERI/Caesars will spend 0 million over the next few years enhancing the Caesars Palace, Harrah’s, and Tropicana on the Atlantic City Boardwalk.The divestment will come from some combination of the Flamingo Las Vegas, Bally’s Las Vegas, LINQ Hotel & Casino, Paris Las Vegas, and Planet Hollywood Resort & Casino.3 billion takeover of Caesars Entertainment.downstream casino phone