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Last updated on Tuesday, April 17, 2018
(EVANSVILLE) - The Tropicana Evansville Casino will soon be under new ownership.
Nevada-based Eldorado Resorts has announced plans to acquire Tropicana Entertainment Incorporated in a $1.85 billion deal, which is expected to close by the end of the year.
Under the terms of the agreement, Pennsylvania-based Gaming and Leisure Properties will pay $1.21 billion for the majority of Tropicana's real estate and enter into a master lease agreement with Eldorado, which will also fund the remaining $640 million of the acquisition.
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