Eldorado Resorts has completed its previously announced acquisition of Isle of Capri Casinos.
The combination creates a premiere, diversified regional gaming platform with combined annual revenue of more than $1.7bn for the year ended December 31, 2016, for Eldorado and January 22, 2017, for Isle and adjusted EBITDA of approximately $394m for that period after giving effect to identified cost synergies of approximately $35m, which are expected to be realised over the next four quarters.
The company’s shares will continue to trade on the NASDAQ Global Select Market under the symbol ERI.
