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By Christopher Palmeri and Davide Scigliuzzo

June 16, 2020 at 12:26 AM UTC

Updated on

June 16, 2020 at 1:07 PM UTC

This article is for subscribers only.

Eldorado Resorts Inc. said it plans to issue new shares, sell some Las Vegas real estate and take other steps to strengthen its finances ahead of a $17 billion merger of Caesars Entertainment Corp.

The casino and gaming company is offering as many as 20.7 million shares of its stock, with the proceeds going to general corporate purposes, the company said Monday. At the closing price of $38.44, that could generate about $800 million.