2020_8_pragmatic.gif
2020_8_pragmatic.gif
2020_8_pragmatic.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 13 January 2020

Eldorado agrees sale of Shreveport resort and casino for $230m

By Owain Flanders

Eldorado Resorts has agreed to sell its resort and casino in Shreveport, Louisiana to Maverick Gaming for $230m in cash.

The transaction is expected to close in 2020, subject to regulatory approval and the closure of Eldorado’s merger with Caesars Entertainment.

Tom Reeg, CEO of Eldorado, said: “The agreement to divest the Eldorado Shreveport is consistent with our continued focus on reducing debt ahead of the expected closing for the Caesars transaction in the first half of 2020.”

Last year, it was agreed Eldorado would acquire Caesars in a deal worth $17.3bn. The merger was approved by shareholders in November.

Eldorado made a number of property sales in 2019 ahead of the planned acquisition.

July saw the operator sell two of its properties to Twin River for a fee of $230m in cash.

In December, Century Casinos received approval from the Missouri Gaming Commission to acquire the Isle Casino Cape Girardeau and Lady Luck Caruthersville from Eldorado.

The deal, which was worth approximately $107m, also included the acquisition of Mountaineer Casino, Racetrack and Resort, located in West Virginia.

RELATED TAGS: Land-Based | Industry | Mergers & Acquisitions | Casino
DISCUSS THIS ARTICLE
IN-DEPTH 30 January 2020
CEO Special 2020: BetConstruct/VBet - The long game
READ MORE

PREMIUM CONNECTIONS
1xPartners
Affiliate
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
ActiveWins
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Efbet
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
BetConstruct
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
BBIN
Systems and Software
The Leading iGaming Software Supplier in Asia
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
NSoft
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Zimpler
Payments
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...