Nevada-based casino and hospitality company Eldorado Resorts today announced that it has entered into an agreement to sell three of its properties to Century Casinos for total cash consideration of $385 million. Caesars Merger: Casino Is Bought By Eldorado Resorts For $17 Billion To acquire the venerable Caesars name and properties, Eldorado will part with $7.2 billion in cash and around 77 million stock Reno-based Eldorado Resorts is selling three of its casinos in a joint deal with Century Casinos and VICI Properties for $385 million. The move could hint that a takeover of Caesars Entertainment Eldorado is expected to close the deal in coming days. The combined company will have 52 properties in 16 U.S. states, including Las Vegas Strip casino-resorts like Caesars Palace, Paris Las Vegas, Planet Hollywood, Flamingo and Linq. Eldorado Resorts opening 3 Louisiana casino properties Monday The Reno-based regional casino operator with 23 casinos in 11 states, including Nevada, will reopen in Louisiana after closing because Operating under Boyd since 1962, the Eldorado Casino has been dormant since mid-March, when it closed during COVID-19 lockdowns in the area. The casino is one of only three Boyd properties not to have reopened following the March closures. The other facilities are the Eastside Cannery and Main Street Station. Who is DeSimone Gaming? Eldorado Resorts Inc. is selling three of its regional properties, a move some analysts believe is a sign the casino company gearing up for an acquisition. Eldorado’s disposition of the Shreveport and MontBleu properties is contingent upon consummation of its pending $17.3 billion acquisition of Caesars Entertainment Corp. Eldorado plans to finance Shreveport Eldorado Casino & Hotel. The Eldorado Casino is located in Shreveport, Louisiana. This establishment offers over 1,500 slot machines featuring video poker, many varieties table games (Blackjack, … Eldorado Resorts said Monday, July 20, 2020, it now owns more than 55 casino properties in 16 U.S. states. (Colton Lochhead/Las Vegas Review-Journal via AP, File) The Associated Press By KEN
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