Tropicana Entertainment will sell its real estate to Gaming and Leisure Properties Inc. (Nasdaq: GLPI) and merge its gaming and hotel operations with Eldorado Resorts Inc. (Nasdaq: ERI). Shares of Gaming and Leisure Properties climbed $1.35 to close at $34.64 while Eldorado Resorts stock leaped $5.80 to close at $41.50.
Eldorado Resorts to acquire gaming and hotel operations
April 16, 2018 at 18:59 PM EDT