For proposed mergers
MTR Gaming and Eldorado Resorts receive state approval
(US).- MTR Gaming Group and Eldorado Resorts announced that the proposed merger of MTR and Eldorado Hold has been approved by the Nevada State Gaming Control Board and the Nevada Gaming Commission.
2014-07-28
Reading time 32 seg
(US).- MTR Gaming Group and Eldorado Resorts announced that the proposed merger of MTR and Eldorado Hold has been approved by the Nevada State Gaming Control Board and the Nevada Gaming Commission.
As previously announced, MTR, Eldorado and several of their affiliates entered into a Merger Agreement, pursuant to which MTR and Eldorado will become wholly-owned subsidiaries of Eclair Holdings Company which will be renamed “Eldorado Resorts.”
The final approval from the Nevada State Gaming Control Board and the Nevada Gaming Commission satisfies one of the conditions to the proposed transaction.
The proposed combination has been approved by MTR stockholders, gaming regulators in West Virginia, Louisiana and Ohio and remains subject to certain conditions and approvals, including final regulatory approvals from gaming regulators, registration and listing of ERI shares and customary closing conditions.
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