Eldorado Resorts Inc. has won the backing of state regulators to take full control of a Shreveport casino-hotel in a $9.2 million deal with a bondholders group.
Reno, Nev.-based Eldorado will acquire the group's 23.6 percent interest in the complex. The Louisiana Gaming Control Board approved the deal Tuesday.
The casino, originally known as Hollywood Casino, opened in 2000 but failed to live up to expectations. Shortly after its purchase by Penn National Gaming Inc., the casino went into default on $189 million in bonds and notes. Penn National put the casino up for sale after negotiations with bondholders failed.
...read the source Note: The links to older news stories hosted on other servers often no longer function. We apologize for any inconvenience.
Our USCF Casino News is also available as a free-subscription News Feed.
38,000 pages of information in our directory, and we still can't help you find what you're looking for?
Let us know where we failed!
You can help us improve just by using one of the following options:
1. Private comment
2. Email us
3. Add a business.