Eldorado Resorts/Gaming & Leisure Properties $1.85 billion acquisition of Tropicana Entertainment

Overview:

• Eldorado Resorts and REIT Gaming & Leisure Properties have acquired Tropicana Entertainment in a $1.85 billion deal. 
• Gaming & Leisure is going to lease the acquired casino properties to Eldorado. 
• The properties are seven different casinos in six states. 
• JP Morgan provided $600 million of committed debt financing. 
• The transaction is expected to close by the end of the year. 

Kurt Stumpo - Journalist