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s=20COVID-19 has put more than 20,000 casino workers in Atlantic City out of work. Eldorado Resorts (NASDAQ:ERI) is pulling some levers to raise cash, saying Monday that it plans to sell 18 million shares of stock and that it struck two deals with VICI Properties (NYSE:VICI) worth a combined 3. 5 million. The outside of the Caesars Forum Convention Center, a venue Eldorado Resorts is using to raise cash. (Image: Las Vegas Review-Journal)The announcements were made after the close of US markets. Eldorado stock dipped almost one percent in after-hours trading, likely because of the share sale news. Secondjuvenile paragon casinoary offerings dilute current investors by bringing new supply to market. fanduel casino promo poker casino regina Based on Monday’s closing price of . 44, ERI would raise nearly 2 million by selling 18 million shares. The deal’s underwriters have a 30-day window in which they can purchase another 2. admiral casino app

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7 million shares in the gaming company. blackjack casino free winstar world casino concerts hard rock casino entertainment Separately, ERI and VICI reached terms on a five-year mortgage deal worth 0 million on the new Caesars Forum Convention Center at Caesars Palace on the Las Vegas Strip. Additionally, VICI has agreed to acquire approximately 23 acres of undeveloped land parcels adjacent to the center of the Las Vegas Strip for . 5 million per acre, for total proceeds of approximately 3. 5 million,” said the companies in a statement. “The total expected proceeds from both transactions is approximately 3. 5 million. ”VICI owns the property assets of Caesars Palace, one the crown jewels in the Caesars Entertainment (NASDAQ:CZR) portfolio that Eldorado is attempting to acquire for . 3 billion. Free Slots No Download For Android Sjoi Deal ImplicationsERI’s agreements with VICI implies the former is confident it will bring its quest for Caesars to the finish line.

The deal, which will create the largest domestic gaming operator by number of properties, is encountering regulatory delays. hallmark casino promotions But as Casino. no deposit bonus codes for hallmark casino june 2020 org reported last week, some investors with knowledge of the matter see the Federal Trade Commission (FTC) approving the takeover, perhaps by the end of this month. is hard rock casino buffet open roulette casino royale apk FTC approval would clear the way juvenile paragon casinofor several states, including Nevada and New Jersey, to follow suit, giving Eldorado everything it needs to end what’s been a year-long quest for Caesars. Monetizing the Caesars Forum Convention Center makes sense for ERI because the move delivers an influx of cash while allowing the company to retain operational control of the venue. Earlier this year, there was scuttlebutt that other gaming companies, including Las Vegas Sands (NYSE:LVS), were kicking the tires on the 550,000-square foot venue. From a financial standpoint, it behooves ERI to keep the meeting area in its portfolio. Ruby Slots Codes Qxyu Switzerland Before the coronavirus pandemic hit, Caesars expected to open the business space in March, with the company saying it already notched 0 million worth of bookings. Rent ControlERI’s Monday financial dealings with gaming real estate investment trusts (REITs) didn’t end with VICI. Separately, the operator said it reached an accord to alter its master lease agreement with Gaming Chukchansi Casino Hotel Reservations Vree