The gambling landscape of Windsor is on the verge of major changes in the upcoming months following a grand merger that took place earlier this summer. Eldorado Resorts is about to take over management of Caesars Windsor in 2020, reflecting the changes happening south.
Ontario Lottery and Gaming Corporation recently clarified that local casino patrons would not feel a change once the casino location welcomes its new management. Mergers in the gaming industry are one of the approaches towards fortifying an empire and exploring new locations and regions.
This summer was a milestone one, as it saw a cash-and-stock arrangement reaching US$17.3 billion. Eldorado Resorts purchased Caesars Entertainment, essentially creating the world’s largest casino operator in a swift move. This merger would see Eldorado Resorts take control over the joint company with influence over a vast array of markets.
Eldorado Resorts Merged with Caesars Ent
Back in March this year, the two casino leaders first entertained the opportunity of a merger that was eventually approved. Six board members from Eldorado Resorts and five coming from Caesars are going to decide the company’s future from here on out.
Caesars oversees operation of properties around the globe, exploring markets such as Cairo, London, Glasgow, and South Africa. Caesars Windsor is the casino giant’s sole Canadian location. Nevertheless, it is going to be affected by the merger that happened in the United States, but local players are not projected to see any negative impact as a result of that.
Ontario Lottery and Gaming Corporation’s Tony Bitonti stated that everyday operation would continue without major changes introduced to it. The Crown corporation is going to ensure that all workers’ rights are taken care of and protected down the road.
For the time being, no official date for the completion of the merger has been issued, but it has been clarified that it would happen next year. The new company would be called simply Caesars.
US$17.3-Billion Merger Completed Next Year
As for Caesars Windsor, the new management might come up with new ideas for the casino operation aiming to make it more appealing. However, at this point speculating what those might be is impossible. Earlier this summer, Susanne Tomkins, spokeswoman for Caesars Windsor, said that the two companies have not issued information on the subject. Individuals employed by the casino resort have their rights protected by Unifor Local 444.
It could be recalled that 2018 was a rough year for the local gaming hub, Caesars Windsor workers hit the picket line in early April. They rejected a tentative agreement reached between the union’s bargaining team and casino representatives followed by a 60-day labor strike. Over that period, the resort remained closed, with room reservations canceled and all shows at the concert theatre postponed.
More than 2,000 workers were determined to see an improvement which eventually led to June 2018, when 75 percent of the unionized workers approved a tentative agreement. As a result, employees received three-year contracts that included slightly improved conditions in regards to wages and job security.