Eldorado Resort and Casino being sold

Shreveport’s Eldorado Resort and Casino is being sold to a Rhode Island-based company as part of three-casino deal the company announced Friday.

Twin River Worldwide Holdings is buying the Shreveport casino and the Mont Bleu Resort Casino & Spa in Lake Tahoe, Nevada, from Eldorado Resorts for a combined $155 million and also Bally’s Atlantic City Hotel & Casino from Caesars Entertainment for $25 million.

In connection with this transaction, Eldorado terminated its previously announced agreements for the sale of these assets to Maverick Gaming and returned their deposits.

Tom Reeg, Chief Executive Officer of Eldorado, said, “The agreement to divest Shreveport and MontBleu to Twin River Worldwide Holdings is consistent with our continued focus on closing the Caesars transaction in the first half of 2020.”

Eldorado still owns and operates the Belle of Baton Rouge and Isle of Capri Casino Hotel in Lake Charles.

If all deals are approved, Eldorado will own Caesars’ properties in the state: Harrah’s Louisiana Downs in Bossier City, ,Horseshoe Bossier City, and Harrah’s land-based casino in New Orleans.