El Dorado Resort Casino Shreveport
Caesars Entertainment today announced the sale of El Dorado Resort Casino Shreveport to Bali for a net profit of $140 million, in line with its usual working capital adjustment.
"The completion of the sale of the El Dorado Resort Casino Shreveport met the Federal Trade Commission's request to sell assets related to the Caesars-El Dorado deal, which closed earlier this year," said Tom Reed, CEO of Caesars Entertainment. "The enthusiasm and dedication of our team members since we acquired the property 15 years ago has driven our success at Shreveport." We wish them all continued success under Bali's ownership."
Macquarie Capital and Millbank LLP represented Caesars Entertainment on the deal.