Tom Reeg, Chief Executive Officer of Eldorado, commented, “The agreement to divest Shreveport and MontBleu to Twin River Worldwide Holdings is consistent with our continued focus on closing the Caesars transaction in the first half of 2020.” The transaction is subject to regulatory approvals and is conditioned upon consummation of the Caesars transaction, Twin River obtaining financing and other customary closing conditions, and is expected to close in the first quarter of 2021. ![]() ![]() In connection with this transaction, Eldorado terminated its previously announced agreements for the sale of these assets to Maverick Gaming and returned their deposits. (NYSE: TRWH) for $155 million in cash, subject to a working capital adjustment. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it entered into a definitive agreement to sell the Eldorado Shreveport Resort and Casino in Shreveport, Louisiana and the MontBleu Resort Casino & Spa in Lake Tahoe, Nevada to Twin River Worldwide Holdings, Inc. ![]() RENO, Nev.-( BUSINESS WIRE)-Eldorado Resorts, Inc.
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