Eldorado Resorts to sell properties | nnbw.com

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.