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 Eldorado Resort Casino in Reno in June 2019. (Colton Lochhead/Las Vegas Review-Journal) Caesars Entertainment Inc. has closed the sale of Eldorado Resort Casino Shreveport to Bally’s Corp Ownership of the new company is expected to be “roughly” split between Eldorado and Caesars shareholders, Reuters reported, citing the unidentified sources. Signs Were There Examining Eldorado Ownership. That investment manager, which also owns positions in several casino and gaming operators, held 228,000 Eldorado shares as of June 30, representing 13.74 percent The Eldorado Shreveport Resort and Casino in Louisiana was sold to Maverick Gaming, a limited liability company, for $230 million in cash. The amount is subject to a working capital adjustment as Eldorado Resort Casino Shreveport is one of 12 properties owned by Bally's Corporation. The following ownership information is a subset of that available in the Gaming Business Directory published by Casino City Press. Reno's Eldorado Resorts Inc., operated by the Carano family, is acquiring MGM Resorts' 50 percent stake in the 35-story Silver Legacy Resort Casino as well as neighboring Circus Circus Reno hotel In the side parking lot of the old Eldorado Casino site in Henderson’s Water Street District lay what’s left of the sign that used to hang on the back entrance of the property. New ownership is modernizing the building in a $5 million renovation, and that starts by sprucing up the exterior with a new blue and yellow paint job, landscaping Eldorado Casino is one of 29 properties owned by Boyd Gaming Corporation. The following ownership information is a subset of that available in the Gaming Business Directory published by Casino City Press. For more information about Gaming Business Directory products visit www.CasinoCityPress.com. Boyd Gaming Corporation (Owner) Eldorado is expected to close the deal in coming days, vaulting a company that began with a single family-owned casino-hotel in Reno, Nevada, in 1973 to the top of the gambling ownership world.
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