April 16, 2018 / 10:49 AM / in 7 months

BRIEF-Eldorado Resorts To Acquire Tropicana Entertainment In Accretive Transaction Valued At $1.85 Billion

April 16 (Reuters) - Eldorado Resorts Inc:

* ELDORADO RESORTS TO ACQUIRE TROPICANA ENTERTAINMENT IN ACCRETIVE TRANSACTION VALUED AT $1.85 BILLION

* ELDORADO RESORTS INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO ELDORADO’S FREE CASH FLOW AND DILUTED EARNINGS PER SHARE

* ELDORADO RESORTS INC - CO WILL FUND $640 MILLION OF CASH CONSIDERATION PAYABLE IN ACQUISITION

* ELDORADO RESORTS INC - EXPECT TO REALIZE $40 MILLION OF SYNERGIES IN FIRST YEAR OF OWNERSHIP Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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