Twin River Worldwide Holdings Becomes Owner of Eldorado Resort Casino and Montbleu Casino
Eldorado Resorts, Inc. has announced through an official press statement release that it has signed an important pact to divest 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. The firms have cracked the deal for an amount of $155 M in cash.
In its press report, the Eldorado team has affirmed that it has revoked the agreements it had announced earlier with Las Vegas-based Maverick Gaming in relation to the sale of the properties mentioned above. The firm stated that it had returned the deposits of Maverick Gaming as things failed to work out between the two parties.
The sale transaction of the Eldorado Shreveport Resort and Casino in Shreveport, Louisiana and the MontBleu Resort Casino & Spa in Lake Tahoe, Nevada, shall be nurtured in compliance to the regulatory permissions and guidelines. It is based upon the consummation of the Caesars transaction with Twin River Worldwide Holdings Inc. earning financing and other customary closing requirements.
Tom Reeg, CEO of Eldorado stated,
Eldorado Resorts takes pride as a globally renowned casino entertainment firm that owns and manages twenty-three lavish establishments in eleven states. The properties are spread in 11 major states in the US. The company has an amazing suite of innovative and advanced offerings OF slot machines, table games, VLTs, and e-tables, etc.
Eldorado Resorts takes pride as a globally renowned casino entertainment firm that owns and manages twenty-three lavish establishments in eleven states. The properties are spread in all the major commercial states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. The company has an amazing suite of innovative and advanced offerings, which comprises nearly 23,900 slot machines, VLTs and e-tables and nearly 660 table games, more than 11,300 hotel rooms, etc.
