from the USTA Communications Department

Columbus, OH — On Monday morning (Sept. 19), Eldorado Resorts, Inc., owner of Elorado Scioto Downs racetrack in Columbus, Ohio, and Isle of Capri Casinos, Inc., the operator of Isle Casino Racing Pompano Park racetrack in Pompano Park, Fla., announced a definitive merger agreement in which Eldorado will acquire all outstanding shares of Isle of Capri for approximately $1.7 billion.

The transaction has been unanimously approved by the Boards of Directors of both Eldorado Resorts, Inc. and Isle of Capri Casinos, Inc. The transaction is subject to approval of the stockholders of Eldorado Resorts and Isle of Capri, the approval of applicable gaming authorities, the expiration of the applicable Hart-Scott-Rodino waiting period and other customary closing conditions, and is expected to be consummated in the second quarter of 2017.

To read the full announcement on Business Wire, click here.