Eldorado Takes Another Step in Isle of Capri Buy

Sun, Jan 29, 2017

Shareholders of Eldorado Resorts and the Isle of Capri Casinos have voted by overwhelming margins to approve of the acquisition of Isle of Capri by Eldorado. The two gaming companies will together be able to field over 20,000 slot machines, 550 gaming tables and 6,650 hotel rooms in several states.

Shareholders of Eldorado Resorts and Isle of Capri Casinos voted last week to approve of Eldorado’s acquisition of Isle of Capri.

The transaction is expected to be completed by the second quarter of this year. The combined resources of the two casino companies will include 20,290 slot machines, 550 table games and more than 6,550 hotel rooms in six states.

Eldorado says it expects to “implement our margin enhancement strategies,” on all of the Isle of Capri properties and take the best practices from both companies to apply to the new company.

Isle of Capri’s CEO Eric Hausler declared, “I believe Eldorado has a solid plan in place to quickly integrate the two companies and I look forward to working closely with the Eldorado team to bring our companies together to realize the benefits of this compelling combination and ensure a smooth transition.”

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