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The Federal Trade Commission announced today that it has closed its investigation of the proposed acquisition of Caesars Entertainment, Inc. by Harrah’s Entertainment, Inc. Commission staff analyzed the likely competitive effects of this transaction in several geographic markets. The Commission ultimately concluded that no enforcement action is warranted at this time.

As part of its review of the Harrah’s/Caesars transaction, the Commission determined that relief was not required in south Lake Tahoe, California, because the acquisition of Caesars by Harrah’s was unlikely to harm competition in the area that included south Lake Tahoe.

Separately, Caesars Entertainment proposed to sell its south Lake Tahoe casino to Columbia Sussex Corp. Commission staff also investigated the likely competitive effects of that acquisition. The Commission announced today that it has closed its investigation of the Caesars/Columbia Sussex transaction without taking enforcement action.

The Commission vote to close each investigation was 5-0.

(FTC File No. 041-0166)

The Federal Trade Commission works to promote competition, and to protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers, file an antitrust complaint, or comment on a proposed merger. For the latest news and resources, follow the FTC on social media, subscribe to press releases, and read our blog.

Contact Information

Media Contact:
Mitchell J. Katz
Office of Public Affairs
202-326-2161
Staff Contact:
Jill Frumin
Bureau of Competition
202-326-2758

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