Casinos rarely go up for sale on the Strip, but that’s exactly what could happen with some properties… including Caesars Palace.

Eldorado Resorts Chief Executive Thomas Reeg told analysts Tuesday that the company expects to close the acquisition deal in the first half of 2020, and that any sale of a Strip property won’t be announced before then, including Caesars Palace, Harrah’s and Planet Hollywood, among others.

As part of the merger, other casinos not on the Las Vegas Strip will likely also be sold due to antitrust concerns, and now is a good time to be selling gambling assets, Mr. Reeg said. “There are smaller operators that want to be bigger,” Mr. Reeg said. “There’s operators that are not on the Vegas Strip that want to get on the Vegas Strip.”

The outlook for Las Vegas is strong, he said, given Caesars’ high hotel occupancy and revenues, a busy group meeting calendar and an expansion of the city’s convention center. “We feel very good about coming in this market at this moment,” Mr. Reeg said.

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