During the special meeting with the stockholders today, MTR Gaming Group, Inc. announced that most of the largest shares of the common stock of MTR agreed to give the merger agreement a go with the other company, Eldorado HoldCo LLC to produce an excellent casino online. The COO and president of MTR Gaming Group, Inc., Joseph L. Billhimer, expressed his joy over the favorable outcome of the meeting after the merger agreement was approved by the stockholders. With this, they believe that stakeholders will enjoy long-term benefits with the diversified and expanded portfolio of games all over the country.
Garry Carano, President of Eldorado Resorts LLC, is also happy with the outcome of the meeting as this will be another milestone for the company. He believes that this transaction will pave way for a new and diversified portfolio with flexible finances for more growth opportunities. Eldorado is excited with this merger as the future will only give great benefits to the stakeholders, the customers, and the team members. There are no announcements yet as to what the two companies have in store for the gambling industry but it was promised that news will be released once the plan was drafted and finalized.
The merger agreement states that Eldorado and MTR are now subsidiaries and fully owned by Éclair Holdings Company and will now be known as Eldorado Resorts, Inc. One of the conditions of the transaction proposed was met in the final approval of stockholders of MTR. Louisiana and West Virginia have approved this combination already while Ohio, Pennsylvania and Nevada are still yet to approve this. MTR Gaming Group, Inc. is a gaming and hospitality company and owns most sports and casinos in West Virginia, Pennsylvania, and Ohio. Eldorado HoldCo LLC on the other hand is the operator and owner of gaming facilities located in Louisiana and Nevada. The company owns Eldorado Shreveport, Silver Legacy, and Eldorado Reno. This merging of two companies will produce great results and will surely keep the old and new players of the casinos happy and full of surprises and promos.