Family casino business catapults to gaming giant Bryan Horwath, Las Vegas Sun · June 29, 2019 at 3:00 pm In the 1970s, Gary Carano wouldn’t have imagined his family’s company would one day be the talk of the gaming industry. But nearly a half-century after his father, the late Don Carano, opened the Eldorado Hotel Casino in Reno, that’s precisely what Eldorado Resorts Inc. became this week when it reached an agreement to purchase Caesars Entertainment. “It’s beyond belief in a way,” Carano said. “At the same time, we’re confident about where we are now and where we’re going.” Assuming the $17.3 billion deal gets the necessary regulatory and shareholder approval, Eldorado, which only went public in 2014, is poised to become the largest gaming company in the country. It will grow from 26 properties and 18,000 employees to 81 properties and about 81,000 employees. While Eldorado shareholders will own a majority of the combined company — about 51% — the merged company will bear the Caesars name.