Linda Powers

Sr. Director Mktg at Isle Of Capri Casinos Acquired By Eldorado Resorts Inc

Linda Powers's Professional Contact Details

Email (Verified)

****@islecorp.com

Get Email Address

(775) 328-0100

Location

West Palm Beach, Florida, US

Company

Isle Of Capri Casinos Acquired By Eldorado Resorts Inc

Person Seniority

director

Linda Powers's Current Company Details

Isle Of Capri Casinos Acquired By Eldorado Resorts Inc

Reno, Nevada, US • 1048 Employees

gambling & casinos

ELDORADO RESORTS COMPLETES ACCRETIVE CASH AND STOCK ACQUISITION OF ISLE OF CAPRI CASINOS RENO, Nev. & ST. LOUIS--(BUSINESS WIRE)-- Eldorado Resorts, Inc. (NASDAQ: ERI) announced today that it completed its acquisition of Isle of Capri Casinos, Inc. (NASDAQ: ISLE) in a cash and stock transaction. The combination creates a premiere, diversified regional gaming platform with the addition of 12 casinoâ€“resorts to ERI's portfolio. The expanded property portfolio includes 19 properties in ten states featuring approximately 20,000 slot machines and VLTs, more than 550 table games and over 6,500 hotel rooms. Gary Carano, Chairman and CEO of ERI, commented, "Our acquisition of Isle of Capri marks a significant milestone in Eldorado's history of growth through strategic, accretive acquisitions. The combination significantly expands the scale of our gaming operations, further diversifies our geographic reach into new markets and minimizes market-specific risk. "We are delighted to welcome the Isle shareholders and team members to the Eldorado family. We believe that Eldorado is positioned for continued growth with a portfolio of premiere regional gaming assets, a solid balance sheet and an attractive weighted average cost of capital. Our experience in integrating the MTR assets and Silver Legacy and Circus Circus operations will serve us well as we add the Isle of Capri assets to our operating base. We intend to implement our strategy of focusing on margin enhancement and customer service and experiences across the portfolio by marrying best practices from both companies. Led by our gaming, hotel management and food and beverage teams with a long-term record of operating execution and M&A integration, we believe that Eldorado Resorts is positioned for near- and long-term success and the creation of value for our shareholders." For more information, please visit www.eldoradoresorts.com.

Public Symbol

ERI

Founded Year

1992

Organization Website

eldoradoresorts.com

Organization Languages

English

Organization Revenue

1200000

Alexa Ranking

854420