Eldorado Resorts, Inc. announced last week that it has successfully completed its merger with MTR Gaming Group, Inc. (MTR).
“We are pleased to have completed the merger with MTR and are excited to embark on a new chapter in Eldorado’s history”
The combined company, which has been renamed Eldorado Resorts, Inc., will trade on the NASDAQ Global Select Market beginning today under the ticker symbol ERI. MTR Gaming immediately ceased to be a publicly traded company and trading of its common stock was discontinued on NASDAQ.
With the completion of the merger, the combined company owns and operates six properties across Nevada, Ohio, West Virginia, Louisiana, and Pennsylvania with a combined 3,300 hotel rooms, 280 table games, 32 restaurants, and approximately 10,000 slot machines and video lottery terminals.
“We are pleased to have completed the merger with MTR and are excited to embark on a new chapter in Eldorado’s history,” said Gary Carano, chairman and chief executive officer of Eldorado. “Foremost, we are thrilled to welcome the MTR team into the Eldorado family. With a diversified platform of gaming assets across the United States and a strengthened balance sheet, we believe Eldorado is well positioned to take advantage of future growth opportunities in the industry. In addition, we remain committed to providing a premier guest experience to our valued customer base as well as creating long-term value for our stockholders.”
“With the combined portfolio of Eldorado and MTR, we are better prepared to face an increasingly competitive regional gaming landscape,” said Joseph L. Billhimer, executive vice president and chief operating officer of Eldorado and former president and chief operating officer of MTR Gaming Group, Inc. “We are excited to join Eldorado and want to thank both the Eldorado and MTR teams, our customers, stockholders and various regulatory bodies for their invaluable support throughout the merger process.”
