Deal Snapshot
ELDORADO RESORTS, CHURCHILL DOWNS TERMINATE LADY LUCK CASINO VICKSBURG TRANSACTION
Thursday 12 July 2018

US-based casino entertainment company Eldorado Resorts, Inc. (NASDAQ: ERI) and racetrack operator Churchill Downs Inc. (NASDAQ: CHDN) have terminated a previously announced agreement whereby Churchill was to acquire substantially all of the assets and properties associated with Lady Luck Casino in Vicksburg, Mississippi, the companies said.
The companies also amended an agreement whereby Churchill is to acquire substantially all of the assets and properties associated with Presque Isle Downs and Casino in Erie, Pennsylvania from Eldorado.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 12/07/2018
Target: Lady Luck Casino in Vicksburg, Mississippi
Country: USA
Deal Size: 50.6m (USD)
Sector: Hotels/Restaurants/Casinos/Catering
Type: Corporate acquisition
Financing: Cash
Status: Terminated
Vendor: Eldorado Resorts
Buyer: Churchill Downs Inc
Comment:
Churchill will pay Eldorado a USD 5m termination fee

Options