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Twin River to acquire Isle of Capri and Lady Luck casinos from Eldorado Resorts

12th July 2019 8:29 am GMT

New York-listed casino operator Twin River Worldwide Holdings has agreed a $230m deal to acquire two venues from Eldorado Resorts.

Twin River will acquire the operations and real estate of Isle of Capri Casino Kansas City in Missouri and Lady Luck Casino Vicksburg in Mississippi in an all cash transaction, which is expected to be immediately accretive to earnings.

The $230m purchase price equates to an 8.4x multiple of the two properties EBITDA.

"This transaction continues our focus [...]

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