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Eldorado Resorts set to strengthen liquidity by over $1bn

16th June 2020 11:07 am GMT
Eldorado Resorts

New York-listed gaming operator Eldorado Resorts has agreed a number of transactions that are expected to deliver over $1.2bn in the near term.

The first is for an underwritten public offering of 18m shares in the company with a 30-day option for an additional 2.7m shares, which at Monday’s closing of price of $38.44 per share values the fully exercised offering at approximately $795.7m.

Eldorado Resorts has also signed a letter of intent to enter into a [...]

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