🖐 MGM Resorts selling MGM Grand real estate assets for $ billion

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Eldorado Resorts is an American hotel and casino entertainment company founded and based It was then rebranded as the Eldorado Casino Shreveport. Legacy that it did not already own from MGM Resorts International for $73 million.


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Circus Circus Reno also has a Midway featuring a total of games and a full service wedding chapel with reception services for groups of 25 or more. We believe that joining the Eldorado family will provide our employees with significant opportunities to grow and prosper. These forward-looking statements speak only as of the date of this press release and neither the Company nor MGM intend to update publicly any forward-looking statement to reflect events or circumstances that occur after the date on which the statement is made, except as may be required by law. Thomas Reeg, President investorrelations eldoradoresorts. Log In Sign Up.{/INSERTKEYS}{/PARAGRAPH} {PARAGRAPH}{INSERTKEYS}RENO, Nev. The transaction is expected to be completed by year-end This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. ERI and its affiliates already own the other 50 percent interest in Silver Legacy. With our proven management team, operating discipline and return-focused approach to capital expenditures, we believe the acquisition of Silver Legacy and Circus Circus Reno offers a meaningful opportunity for Eldorado Resorts and our shareholders. Upon completing the transaction, we will own the three leading downtown Reno casino resorts at a time when the Reno market and the surrounding region is recovering and attracting new businesses that should drive long-term economic support. Jaffoni Richard Land eri jcir. Eldorado Resorts, Inc. Circus Circus Reno is an iconic, circus-themed hotel-casino and entertainment complex which features an approximately 56,square foot gaming floor with slot machines, 35 table games, 1, hotel rooms including 67 mini suites, four executive suites and four VIP suites , a sports book, two fine dining restaurants, a buffet and three casual dining restaurants. The transaction is subject to regulatory approvals and other customary closing conditions. Contacts Eldorado Resorts, Inc. About Eldorado Resorts, Inc. For more information, please visit www. The Silver Legacy is a Nevada mining themed hotel-casino and entertainment complex which features an approximately 89,square foot gaming floor with 1, slot machines, 63 table games, 1, hotel rooms including player suites, eight penthouse suites and seven hospitality suites , a 50, square foot convention center, a race and sports book, two fine dining restaurants, a buffet, food court and four casual dining restaurants. The acquisitions are not subject to a financing condition and the purchase price and repayment of the Silver Legacy credit facility are expected to be funded by Eldorado through cash on hand and future capital market or financing transactions. Since the acquisition of the MTR Gaming properties last September, we have made continuous progress in integrating these properties into our portfolio. The acquisition is expected to be accretive to our operating results upon closing, builds the critical mass of our gaming operations and fortifies our position in the increasingly attractive Reno gaming market.