eldorado resorts inc.
Eldorado Resorts to Sell Montbleu Resort Casino & Spa to Maverick Gaming
Eldorado Resorts | March 13, 2020
RENO, Nev. - March 13, 2020 - Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it has entered into a definitive agreement to sell the Montbleu Resort Casino & Spa in Lake Tahoe, Nevada to Maverick Gaming LLC. The transaction is subject to regulatory approvals and other customary closing conditions, and is expected to close in the second half of 2020. Tom Reeg, Chief Executive Officer of Eldorado, commented, “The agreement to divest Montbleu is consistent with our continued focus on the expected closing for the Caesars transaction in the first half of 2020.” Macquarie ...
Eldorado and Caesars Enter $17.3 Billion Merger Agreement
Eldorado | June 24, 2019
June 24, 2019 -- RENO, Nev. & LAS VEGAS -- Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado," "ERI," or "the Company") and Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars") announced that they have entered into a definitive merger agreement to create the largest U.S. gaming company. The proposed transaction will combine two leading gaming companies with complementary national operating platforms, strong brands, strategic industry alliances, and a collective commitment to enhancing guest service and shareholder value. The combined company will provide its guests with access to approximately 60 domestic casino–resorts and gaming ...
Eldorado Resorts Appoints Bret Yunker Chief Financial Officer
Eldorado Resorts, Inc. | February 4, 2019
RENO, Nev.--Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado" or the "Company") announced today that Bret Yunker has been named Chief Financial Officer, effective May 2, 2019, subject to customary regulatory approvals. Mr. Yunker will assume the CFO position from Thomas (Tom) R. Reeg, the Company's Chief Executive Officer, who on an interim basis has also served as the Company's Chief Financial Officer following his appointment as Chief Executive Officer on January 1, 2019. Mr. Yunker brings more than twenty years of gaming industry investment banking experience to his new role at Eldorado, most recently serving as Managing Director at J...
MGM Resorts International, Along with its Venture Partner, Enter Agreement to Sell the Grand Victoria Casino for $327.5 Million to Eldorado Resorts
MGM Resorts International | April 16, 2018
LAS VEGAS, April 16, 2018 -- MGM Resorts International (the "Company" or "MGM Resorts") (NYSE: MGM), along with its venture partner, today announced the execution of a definitive agreement to sell the Grand Victoria Casino in Elgin, Illinois, of which a subsidiary of the Company owns a 50% interest, to Eldorado Resorts, Inc. (NASDAQ: ERI) for $327.5 million in cash, subject to a working capital adjustment. MGM Resorts will receive its 50 percent share of the net proceeds after certain transaction costs, or approximately $162 million. The transaction is expected to close within 12 months, subject to regulatory approva...
Eldorado Resorts Mourns the Passing of Founder Don Carano
Eldorado Resorts, Inc. | October 5, 2017
RENO, Nev.--Donald Louis Carano, founder of Eldorado Resorts Inc., passed away peacefully on October 3, 2017 surrounded by his family. He was 85 years young. A pioneer in the gaming, law and wine industries, Mr. Carano was also an entrepreneur, hotelier, restaurateur, husband, father and grandfather. Don is celebrated as a family-oriented, passionate leader in his many businesses, including: Eldorado Resorts, Ferrari-Carano Vineyards and Winery, and the McDonald Carano law firm. He was also known throughout his life as a longtime supporter of philanthropic endeavors in both Reno and his wine country home in Geyserville, Alexander Valley...
