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Eldorado Resort and Casino sells for $230m
Transactions - JANUARY 13, 2020

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Eldorado Resort and Casino sells for $230m

by Andrea Zander

Eldorado Resorts has entered into a definitive agreement to sell the Eldorado Resort and Casino in Shreveport, La., to Maverick Gaming for $230 million.

The transaction is subject to regulatory approvals, the prior or concurrent closing of Eldorado’s previously announced merger with Caesars Entertainment Corporation, and other customary closing conditions and is expected to close in 2020.

Tom Reeg, CEO of Eldorado, commented, “The agreement to divest the Eldorado Shreveport is consistent with our continued focus on reducing debt ahead of the expected closing for the Caesars transaction in the first half of 2020.”

 

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