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(Image: Wayne Parry/AP)Sources close to the negotiations who spoke with the New York Post claim Eldorado CEO Tom Reeg is set on finding a way to cut 0 million in employee expenses. eldorado casino buffet reno nevada If that can’t be achieved, the chief executive is prepared to walk away from the deal. borgata casino credit Caesars has been the subject of many rumored acquisitions in recent months. The only formal offer came from Houston billionaire Tilman Fertitta, who proposed a reverse takeover to merge his Golden Nugget casinos. Caesars rejected the bid. Eldorado has been considering an offer since last fall. Caesars has given the company a Memorial Day deadline. Eldorado, a regional casino operator based in Reno, owns 26 casinos in 11 states. doubledown casino buy chips However, none are in Las Vegas. jamul casino reopening date Caesars reported . firekeepers casino 400 12 billion in Q1 net revenue, while Eldorado reported 7.

8 million. firekeepers casino 400 laps Corporate OverheadReeg is set on reducing Caesars Entertainment costs to help justify a potentifour winds casino 11111 wilson rdal offer. “My hunch is he’s not going to get there,” a source told the NY Post. fanduel casino nj According to filings with the US Securities and Exchange Commission and Caesars’ full-year financial report, the company spent 2 million in corporate expenses in 2018. That includes outgoing CEO Mark Frissora’s . 2 million compensation and other executives. Caesars employs 66,000 workers across its 37 domestic casinos and 13 international resorts. lincoln liberty slots Should Eldorado find a way to cut out 0 million in spending and make a successful acquisition, Reeg would assume the chief executive role of the merged companies, and Rodio could be out of a job. That might be good for union members. Rodio was CEO of Tropicana Entertainment when he helped Carl Icahn suspend healthcare and pension benefits for workers at the bankrupt Trump Taj Mahal in Atlantic City, which led to