Delta Merger Sub, Inc. to be assumed by Eldorado Resorts, Inc.: Covenant Quality Post-Sale Snapshot: $600m 6.000% Senior Notes due 2026
The covenant package of Eldorado Resorts, Inc. (“Issuerâ€) provides weakest-level protection (4.21).Eldorado Resorts is a holding company. Through its subsidiaries, the company is a gaming and hospitality company that owns and operates gaming facilities. The company's properties, which are located in Ohio, Louisiana, Nevada, New Jersey, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, Illinois, Indiana and Missouri, feature slot machines and video lottery terminals, table games and hotel rooms. The company's gaming operations include hotels, restaurants, bars, entertainment, racing, retail shops and other services. The company also operates Racelinebet.com, a national account wagering service that provides online and telephone wagering on horse races.
Tropicana Entertainment owns and operates regional casino and entertainment properties located in the U.S. and one hotel, timeshare and casino resort property located on the island of Aruba. The company also provides management services to the Taj Mahal Casino Hotel property in Atlantic City. The company's U.S. properties include two casinos in Nevada and one casino in each of Indiana, Louisiana, Mississippi, Missouri and New Jersey. The company primarily cater to local and regional guests to provide gaming environment with lodging, dining, retail and entertainment amenities. The company's properties provides a range of gaming options. Through its subsidiary, TropWorld Games LLC, the company operates an online social gaming site.
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