TPCA - Tropicana Entertainment Inc.

YHD - YHD Delayed Price. Currency in USD
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  • Moody's

    Eagle II Acquisition Company LLC -- Moody's places Eldorado Resorts' ratings including B1 CFR on review for downgrade

    Moody's Investors Service ("Moody's") today placed Eldorado Resorts, Inc. (ERI) ratings on review for downgrade in response to the company's announcement that it entered into a merger agreement with Caesars Entertainment Corporation (CEC) for total consideration of $17.3 billion.

  • Associated Press

    Atlantic City's Tropicana casino bought in $1.9B acquisition

    ATLANTIC CITY, N.J. (AP) — Eldorado Resorts has completed its purchase of Atlantic City's Tropicana casino.

  • Business Wire

    Eldorado Resorts Completes Tropicana Entertainment Acquisition

    Eldorado Resorts, Inc. (ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it completed its previously announced acquisition of Tropicana Entertainment Inc. (TPCA) (“Tropicana”). The transaction further increases the Company’s scale and is expected to be immediately accretive to Eldorado’s free cash flow and diluted earnings per share, inclusive of identified expected cost synergies of approximately $40 million expected to be realized in Eldorado’s first year of operation of Tropicana (and giving effect to the master lease described below). The combination creates a premier, diversified regional gaming platform with combined annual revenue of more than $2.7 billion and combined adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately $697 million (before rent and after giving effect to the realization of synergies), in each case for the twelve months ended June 30, 2018 and giving effect to the acquisition of Grand Victoria Casino and the previously announced dispositions of Presque Isle Downs and Lady Luck Nemacolin.

  • Eldorado gets temporary OK to own Tropicana casino
    Associated Press

    Eldorado gets temporary OK to own Tropicana casino

    ATLANTIC CITY, N.J. (AP) — Eldorado Resorts was given temporary approval to own Atlantic City's Tropicana casino, expressing optimism about a growing market rather than nervousness over increasing competition.

  • Moody's

    Eagle II Acquisition Company LLC -- Moody's affirms Eldorado Resorts, Inc.'s B1 CFR; unsecured notes upgraded to B2, bank loan upgraded to Ba1

    Moody's Investors Service today affirmed Eldorado Resorts, Inc.'s (Eldorado) B1 Corporate Family Rating and SGL-1 Speculative Grade Liquidity rating. At the same time, a B2 was assigned to Eldorado's proposed $600 million senior unsecured notes. Eldorado's existing $1.25 billion senior unsecured notes were upgraded to B2 from B3.