Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.)
About Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.)
ELDORADO RESORTS COMPLETES ACCRETIVE CASH AND STOCK ACQUISITION OF ISLE OF CAPRI CASINOS
RENO, Nev. & ST. LOUIS–(BUSINESS WIRE)– Eldorado Resorts, Inc. (NASDAQ: ERI) announced today that it completed its acquisition of Isle of Capri Casinos, Inc. (NASDAQ: ISLE) in a cash and stock transaction. The combination creates a premiere, diversified regional gaming platform with the addition of 12 casino–resorts to ERI’s portfolio. The expanded property portfolio includes 19 properties in ten states featuring approximately 20,000 slot machines and VLTs, more than 550 table games and over 6,500 hotel rooms.
Gary Carano, Chairman and CEO of ERI, commented, “Our acquisition of Isle of Capri marks a significant milestone in Eldorado’s history of growth through strategic, accretive acquisitions. The combination significantly expands the scale of our gaming operations, further diversifies our geographic reach into new markets and minimizes market-specific risk.
“We are delighted to welcome the Isle shareholders and team members to the Eldorado family. We believe that Eldorado is positioned for continued growth with a portfolio of premiere regional gaming assets, a solid balance sheet and an attractive weighted average cost of capital. Our experience in integrating the MTR assets and Silver Legacy and Circus Circus operations will serve us well as we add the Isle of Capri assets to our operating base. We intend to implement our strategy of focusing on margin enhancement and customer service and experiences across the portfolio by marrying best practices from both companies. Led by our gaming, hotel management and food and beverage teams with a long-term record of operating execution and M&A integration, we believe that Eldorado Resorts is positioned for near- and long-term success and the creation of value for our shareholders.”
For more information, please visit www.eldoradoresorts.com.
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Company Details
1B-10B
Gambling Facilities and Casinos
10,001+ employees
Public Company
Reno, Nevada
United States
Frequently Asked Questions about
What is Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.)'s industry?
Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.) operates in the Gambling Facilities and Casinos industry and is headquartered in United States.
How many employees does Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.) have?
Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.) has approximately 10,001+ employees employees.
Where is Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.)'s based?
Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.) is based in Reno, Nevada, United States.
Is Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.) publicly listed?
Yes. Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.) is a publicly traded company.
How can I contact Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.)'s investor relations team?
You can reach Isle of Capri Casinos (acquired by Eldorado Resorts, Inc.)’s investor relations department through the contact section on their official website or directly via the investor relations email listed in their latest SEC filings.
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