It is rare that you see a merger where because of the great synergies "one plus one equals five." I look forward to seeing our investment prosper." In order to pay down debt form the deal the new combined company will sell some of its real estate to VICI Properties, a REIT that will now oversee numerous properties under the Caesars-owned Harrah's banner. Related: Del Frisco's to Be Acquired for $650 Million by Private-Equity Firm L Catterton The deal should help the combined company compete with larger gaming competitors, such as Wynn Resorts ( WYNN ) and Las Vegas Sands ( LVS ) in the increasingly crowded industry. After the deal, Caesars shareholders will own 49% of the new company. For more details on the deal, an analysis of what the charts are telling us about it, and the outlook for the broader gaming industry in coming years, head over to Real Money where we'll be covering the stock all day. Ask Cramer : 3 Signs a Market Has Gotten Frothy