LAS VEGAS (AP) — Casino organization Eldorado Resorts Inc. says it is selling two of its 26 properties and will utilize the returns to enable it to purchase Caesars Entertainment Corp.
Reno-based Eldorado declared Thursday that Rhode Island-based Twin River Worldwide Holdings Inc. will purchase the Lady Luck Casino in Vicksburg, Mississippi, and the Isle of Capri property in Kansas City, Missouri, for a consolidated $230 million.
The money deals are relied upon to close right on time one year from now.
Association Gaming expert John DeCree tells the Las Vegas Review-Journal the arrangement with Twin River could help support Eldorado’s $17.3 billion intend to purchase Caesars and its in excess of 30 gambling clubs in the U.S.
The acquisition of Las Vegas-based Caesars, reported June 24, pursued weight from extremist financial specialist Carl Icahn.
It needs endorsement by betting controllers and investors.
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