Icahn to Sell Tropicana for $1.85 Billion to Eldorado

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Eldorado Resorts Gets AC Tropicana as Part of Seven-Casino Operational Deal. Posted on: September 15, 2018, 08:00h. Last updated on: November 27, 2018, 06:46h. Eldorado assumed ownership of Tropicana Casino and Resort in Atlantic City as a part of its $1.85 billion deal to purchase Tropicana Entertainment Inc. in 2018. Immediate impact in Atlantic City. The impact of the merger will be felt immediately at Harrah’s Resort Atlantic City. Billionaire investor Carl Icahn has sold his Tropicana Entertainment casino business to regional operator Eldorado Resorts in a deal worth $1.85b.. On Monday, Eldorado announced that it had Eldorado Resorts operates 26 properties in 12 states, including Tropicana in Atlantic City, New Jersey, and Eldorado in Reno, Nevada, with more than 12,000 hotel rooms, about 23,000 slot machines Shreveport Eldorado Casino & Hotel. The Eldorado Casino is located in Shreveport, Louisiana. This establishment offers over 1,500 slot machines featuring video poker, many varieties table games (Blackjack, … The acquisition of Tropicana brings to Eldorado the operating assets of seven casinos in six states, including Nevada (the Tropicana Laughlin Hotel and Casino and the MontBleu Casino Resort & Spa Eldorado Resorts Inc. and real-estate company Gaming and Leisure Properties Inc. are teaming up to buy Carl Icahn’s casino operator, Tropicana Entertainment Inc., for $1.85 billion in cash Reno-based Eldorado Resorts, a diverse regional casino group with 20 properties in 10 states, is acquiring Tropicana Entertainment for $1.85 billion, the companies announced early Monday. Harrah's Laughlin was sold to New York-based VICI, the real estate investment trust (REIT) spun off from Caesars in 2017 related to the casino operator's effort to emerge from bankruptcy, But the new Caesars/Eldorado plan is to lease it back and continue to operate it.Most likely will be business, as usual. It is doubtful they would close the Tropicana after all the changes and building of the Eldorado Resorts is acquiring the operating assets of seven casinos in six states, including two in Nevada – the Tropicana Laughlin Hotel and Casino and the MontBleu Casino Resort & Spa in South

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