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Is Eldorado Resorts Stock a Buy?

·3 min read
Is Eldorado Resorts Stock a Buy?

Eldorado Resorts (NASDAQ: ERI) has been on an incredible run for a half-decade after making a number of aggressive acquisitions. The latest move was its biggest, agreeing to buy Caesars Entertainment (NASDAQ: CZR) in a $17.3 billion deal. What Eldorado wasn't expecting was a global pandemic to shut down operations of its casinos across the country.