The Federal Trade Commission is requiring Eldorado Resorts to sell two of its properties — including the Montbleu Resort Casino & Spa at Lake Tahoe — to gain approval of its merger with Eldorado Resorts Inc. has finalized a $155 million cash deal for two of the company’s premier properties in Nevada and Louisiana, bolstering its balance sheet ahead of their massive acquisition of Caesars Entertainment Corp. Twin River Worldwide Holdings Inc. has agreed to purchase the Eldorado Resort Casino Shreveport and MontBleu Lake Tahoe. The Eldorado Casino Resort at THE ROW offers elegant decor, luxury hotel rooms, award-winning dining and nonstop entertainment, creating an exciting experience for the senses. Guests can choose from a variety of accommodation levels to suit every taste, style and budget, including the luxurious Spa Tower – the premier all-suite tower in Reno. In an effort to make sure gaming regulators in Nevada don’t raise any red flags over possible too much market control, Eldorado Resorts has agreed to unload its MontBleu Casino in Lake Tahoe. Eldorado said Tuesday that it is selling the 400-room casino resort in Lake Tahoe to Maverick Gaming. The regional gaming operator that was founded only about three years ago also agreed to buy Eldorado’s casino resort in Shreveport, Louisiana. Eldorado Resorts is ridding itself of MontBleu Resort & Casino on Lake Tahoe. (Image: MontBleu Resort & Casino) In a brief statement Tuesday, the Reno-headquartered casino operator said it has Currently Caesars owns Harrah’s and Harveys Lake Tahoe in Stateline. Eldorado acquired MontBleu Resort Casino and Spa in 2018 as part of a larger, $1.85 billion deal to purchase assets owned by Tropicana Entertainment. In late June, Eldorado announced it would be purchasing Caesars in a deal valued at $17.3 billion. The Federal Trade Commission will require casino operator Eldorado Resorts, Inc. to divest casino-related assets in the South Lake Tahoe area of Nevada, and the Bossier City-Shreveport area of Louisiana, to settle charges that Eldorado’s $17.3 billion agreement to acquire Caesars Entertainment Corporation likely would be anticompetitive in those markets. Currently Caesars owns Harrah’s and Harveys Lake Tahoe in Stateline. Eldorado acquired MontBleu Resort Casino and Spa in 2018 as part of a larger, $1.85 billion deal to purchase assets owned by Eldorado Resorts is selling the Montbleu Resort Casino and Spa in Lake Tahoe as the gaming company continues to trim part of its portfolio in preparation of its acquisition of Caesars Entertainment.
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