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Why Caesars Entertainment Shares Plunged 10.8% in the First Six Months of 2020

Why Caesars Entertainment Shares Plunged 10.8% in the First Six Months of 2020

Shares of Caesars Entertainment (NASDAQ: CZR) fell 10.8% in the first half of 2020, according to data provided by S&P Global Market Intelligence, as the casino industry was thrown into turmoil. What saved Caesars' stock was the company's agreement to be bought out by Eldorado Resorts (NASDAQ: ERI). Caesars shareholders are to get $8.40 per share in cash and 0.0899 shares of Eldorado stock.