Home » NEWS » Gaming » Reno-based Eldorado selling casinos in Mississippi, Missouri
FILE - This June 23, 2019, file photo shows Caesars Palace in Las Vegas. Casino company Eldorado Resorts Inc. says it is selling two of its 28 properties and will use the proceeds to help it buy Caesars Entertainment Corp. Reno-based Eldorado announced Thursday, July 11, 2019, that Rhode Island-based Twin River Worldwide Holdings Inc. will buy the Lady Luck Casino in Vicksburg, Mississippi, and the Isle of Capri property in Kansas City, Missouri, for a combined $230 million. (L.E. Baskow/Las Vegas Review-Journal via AP, File)

Reno-based Eldorado selling casinos in Mississippi, Missouri

Casino company Eldorado Resorts Inc. says it is selling two of its 26 properties and will use the proceeds to help it buy Caesars Entertainment Corp.

Reno-based Eldorado announced Thursday that Rhode Island-based Twin River Worldwide Holdings Inc. will buy the Lady Luck Casino in Vicksburg, Mississippi, and the Isle of Capri property in Kansas City, Missouri, for a combined $230 million.

The cash sales are expected to close early next year.

Union Gaming analyst John DeCree tells the Las Vegas Review-Journal the deal with Twin River could help fund Eldorado’s $17.3 billion plan to buy Caesars and its more than 30 casinos in the U.S.

The purchase of Las Vegas-based Caesars, announced June 24, followed pressure from activist investor Carl Icahn.

It needs approval by gambling regulators and shareholders.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Associated Press