Eldorado Resorts completes $1.7 bn merger with Isle of Capri
Reno-based Eldorado Resorts have finalised their acquisition of Isle of Capri Casinos, a deal previously announced last September.
The merger creates a gaming platform that would have produced $1.7bn for the 2016 calendar year, and $394m in adjusted EBITDA.
“Our acquisition of Isle of Capri marks a significant milestone in Eldorado’s history of growth through strategic, accretive acquisitions,” said Gary Carano, Chairman and Chief Executive Officer of Eldorado.
The company began expanding its reach in 2014 when it acquired MTR Gaming. Now, Eldorado has effectively doubled in size with this latest acquisition.
Carano added, “We are delighted to welcome the Isle shareholders and team members to the Eldorado family.
“We intend to implement our strategy of focusing on margin enhancement and customer service and experiences across the portfolio by marrying best practices from both companies.”
The company will now have 19 casino resorts across 10 states, 20,000 slot machines, 550 table games and 6,500 hotel rooms.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
