Eldorado Resorts Shares Go Higher Amid Takeover Battle Between Two Rivals

Since March 9, when Gaming and Leisure Properties announced that it sent a letter to the Board of Directors of Pinnacle Entertainment conveying an offer to acquire the real estate assets of Pinnacle at an enterprise value of $4.1 billion, shares of Eldorado Resorts have been on a huge run. Over the same time span, Eldorado Resorts has increased 35%.