Eldorado Resorts to sell properties
Reno-based Eldorado Resorts, Inc. entered into definitive agreements to sell substantially all of the assets and liabilities of Presque Isle Downs & Casino in Erie, Pa., and Lady Luck Casino Vicksburg in Vicksburg, Miss., to Churchill Downs Inc.
Under the terms of the agreements, Churchill Downs will purchase Presque Isle Downs & Casino for cash consideration of approximately $178.9 million, and Lady Luck Casino Vicksburg for roughly$50.6 million, in each case subject to a customary working capital adjustment.
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