Bally’S Completed The Acquisition Of Eldorado Resort Casino Shreveport

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March 3, 2022
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Bally's FINISHED THE PURCHASE PROCEDURE OF THE HOTEL-CASINO ELDORADO RESORT CASINO SHREVEPORT

Bally’s corporation announced the completion of the previously announced acquisition of eldorado resort casino shreveport from caesars entertainment, inc. The total cost of acquisition was 140 million us dollars, taking into account the usual adjustments and was funded at the expense of cash and existing loans in the framework of the renewable credit line of the company.

"Eldorado shreveport is another step in our current portfolio diversification strategy and our rapidly growing geographical presence on the attractive shrivport / bosse-city market. Eldorado shreveport – a first-class entertainment asset, symbolizing the cult brand bally’s. After completing this transaction, we look forward to the eldorado shreveport in the bally family and implement our proven strategic initiatives for stimulating growth and income increases »,

– said george papane, president bally’s corporation.

Eldorado resort casino shreveport is located in srivport, louisiana, right on the banks of the red river. This first-class hotel includes 1401 gaming machines, 54 game tables and 403 hotel rooms.

Source: official site bally’s corporation

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