Eldorado Resorts, Inc. says it has entered into a definitive agreement to sell the Montbleu Resort Casino & Spa in Lake Tahoe to Maverick Gaming LLC.
The transaction is subject to regulatory approvals and other customary closing conditions, and is expected to close in the second half of 2020.
Tom Reeg, Chief Executive Officer of Eldorado, commented, “The agreement to divest Montbleu is consistent with our continued focus on the expected closing for the Caesars transaction in the first half of 2020.”
Eldorado Resorts also owns the Eldorado in Downtown Reno, the Silver Legacy, and the Circus Circus.
(Eldorado Resorts Inc. contributed to this report.)
