eldorado resorts

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eldorado resorts

Eldorado Resorts Names Steve Callender Senior Vice President of Eastern Regional Operations

Eldorado Resorts, Inc. | January 18, 2019

Jason L. Gregorec to Succeed Steve Callender as Vice President and General Manager of Tropicana Casino and Resort, Atlantic City RENO, Nev.--January 18, 2019--Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado" or the "Company") announced today that Steve Callender has been named Senior Vice President of Operations for the East Region. Mr. Callender most recently served as General Manager of Eldorado's Tropicana Casino and Resort, Atlantic City, where he has held executive positions since 2010. Jason L. Gregorec, who most recently served as the Chief Executive Officer/General Manager of Greektown Casino-Hotel in Detroit, Michigan, will suc...

Eldorado Resorts Announces Senior Management Transition Effective January 1, 2019

Eldorado Resorts, Inc. | September 26, 2018

RENO, Nev.--Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado" or the "Company") announced today that its Board of Directors approved an executive management transition to position the Company for its next phase of growth and the continued creation of shareholder value. Effective January 1, 2019, Thomas (Tom) R. Reeg, who currently serves as the Company's President and Chief Financial Officer, will assume the role of Chief Executive Officer for Eldorado Resorts. Mr. Reeg will assume his new role as Gary L. Carano, the Company's current Chairman of the Board of Directors and CEO, has been appointed to the new role of Executive Chairman of ...

Eldorado Resorts to Acquire Tropicana Entertainment in Accretive Transaction Valued at $1.85 Billion

Eldorado Resorts, Inc. | April 16, 2018

RENO, Nev. - April 16, 2018 - Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado" or the "Company") announced today that it entered into a definitive agreement to acquire Tropicana Entertainment Inc. (OTCQB: TPCA) ("Tropicana") in a cash transaction that is valued at $1.85 billion. The definitive agreement provides that Gaming and Leisure Properties (NASDAQ: GLPI) ("GLPI") will pay $1.21 billion, excluding taxes and expenses, for substantially all of Tropicana's real estate and enter into a master lease with Eldorado for the acquired real estate and that Eldorado will fund the remaining $640 million of cash consideration payable in the acq...

Eldorado Resorts Enters Into Definitive Agreements to Sell Presque Isle Downs & Casino and Lady Luck Casino Vicksburg to Churchill Downs for $229.5 Mi

Eldorado Resorts, Inc. | March 1, 2018

RENO, Nev. -- Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado" or the "Company") announced today that it entered into definitive agreements to sell substantially all of the assets and liabilities of Presque Isle Downs & Casino in Erie, Pennsylvania and Lady Luck Casino Vicksburg in Vicksburg, Mississippi to Churchill Downs Incorporated (NASDAQ: CHDN). Under the terms of the agreements, Churchill Downs will purchase Presque Isle Downs & Casino for cash consideration of approximately $178.9 million and Lady Luck Casino Vicksburg for cash consideration of approximately $50.6 million, in each case subject to a customary working capi...

Eldorado Resorts to Invest More than $50 Million in Renovations to Three Reno Properties

Eldorado Resorts, Inc. | September 26, 2016

Reno, NV (Sept. 26, 2016) – Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado," "ERI," or "the Company") announced today that it expects to invest more than $50 million in facility enhancements to Eldorado Reno, Silver Legacy and Circus Circus Reno. Eldorado's master plan for the three connected properties, which span eight city blocks in downtown Reno, will be phased over three years, commencing in the fourth quarter of 2016. In addition to the renovation of over 4,100 guest rooms, each of the three resorts will introduce new restaurant concepts, reinvigorated nightlife and resort amenities, including a new full service Luxury Spa,...

Eldorado Resorts Enters into Definitive Merger Agreement to Acquire Isle of Capri Casinos for Total Consideration Valued at $1.7 Billion

Eldorado Resorts, Inc. | September 19, 2016

RENO, Nev. and ST. LOUIS, Sept. 19, 2016 -- Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado," "ERI," or "the Company") and Isle of Capri Casinos, Inc. (NASDAQ: ISLE) ("Isle of Capri" or "Isle") announced today that they have entered into a definitive merger agreement whereby Eldorado will acquire all of the outstanding shares of Isle of Capri for $23.00 in cash or 1.638 shares of Eldorado common stock, at the election of each Isle of Capri shareholder, reflecting total consideration of approximately $1.7 billion, inclusive of $929 million of long-term debt of Isle of Capri and its subsid...

Eldorado Resorts, Inc. Announces Senior Management Changes

Eldorado Resorts, Inc. | January 7, 2016

RENO, Nev.--January 7, 2016--Eldorado Resorts, Inc. (NASDAQ: ERI) (the "Company") today announced that Chief Operating Officer, Joseph Billhimer, has left the Company effective January 5, 2016. Mr. Billhimer's responsibilities will be assumed by other members of the Company's senior management team, including Chairman and CEO, Gary Carano. "We thank Joe for his contributions to Eldorado Resorts and wish him the best in the future," said Mr. Carano. Additionally, Chief Financial Officer, Bob Jones, announced his intention to retire, effective March 15, 2016. Tom Reeg, President of Eldorado Resorts Inc., will assume the additional title a...

MGM to Sell its 50% Interest in Silver Legacy Resort Casino Reno & the Assets of Circus Circus Reno

MGM Resorts International | July 8, 2015

RENO, Nev.-- Eldorado Resorts, Inc. (NASDAQ:ERI) ("Eldorado," "ERI," or "the Company") and MGM Resorts International (NYSE:MGM) ("MGM") announced today that they have entered into a definitive agreement for Eldorado to acquire MGM's 50 percent interest in the Silver Legacy Resort Casino Reno, as well as all of the assets of Circus Circus Reno, for total consideration of $72.5 million cash, subject to a working capital adjustment. In addition, ERI expects that it will repay amounts outstanding under the Silver Legacy credit facility, of which approximately $60 million was outstanding at March 31, 2015 on a net debt basis. ERI and its aff...

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