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Eldorado Resorts agrees deal to acquire Tropicana Entertainment

17th April 2018 9:28 am GMT

Nevada-based gaming operator Eldorado Resorts has partnered real estate investment trust (REIT) Gaming and Leisure Properties (GLP) to take over Tropicana Entertainment, the gaming business owned by billionaire entrepreneur Carl Icahn.

In a cash transaction totalling USD$1.85bn, GLP will pay $1.21bn for all Tropicana's real estate, aside from the MontBleu Casino Resort & Spa in South Lake Tahoe and the Tropicana Aruba Resort and Casino, with Eldorado paying $640m towards the purchase price.

GLP has also entered into a [...]

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