Eldorado Resorts, Inc. (NASDAQ:ERI) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement

On November21, 2017, Eldorado Resorts, Inc. (the “Company”) terminated the equity purchase agreement, dated as of August22, 2016 (the “Agreement”), to which it agreed to sell the Isle of Capri Casino Hotel in Lake Charles, Louisiana, to Kicks Entertainment, LLC, a company indirectly owned equally by Laguna Development Corporation and Eagle Holdings, LLLP (“Buyer”).

The closing of the transaction was subject to certain closing conditions, including obtaining certain gaming approvals, and was to occur on or before the termination date, which had been extended by the parties to November20, 2017.

Buyer did not obtain the required gaming approvals prior to the termination date, and to the terms of the Agreement, the Company has retained Buyer’s $20.0million deposit.

Buyer agreed to the termination and its terms.

About Eldorado Resorts, Inc. (NASDAQ:ERI)

Eldorado Resorts, Inc. (ERI) is a gaming and hospitality company. The Company owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments include Nevada, Louisiana and Eastern. The Company owns and operates various properties, such as Eldorado Resort Casino Reno, which is a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, which is a 1,711-room themed hotel and casino; Circus Circus Reno, which is a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, which is a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, which is a 354-room resort with a casino and live thoroughbred horse racing; Presque Isle Downs & Casino, which is a casino and live thoroughbred horse racing facility with slot machines, table games and poker located in Erie, Pennsylvania, and Eldorado Gaming Scioto Downs.