Casino sale cancelled

Casino sale cancelled


PLANS FOR THE SALE OF THE LADY LUCK CASINO IN VICKSBURG HAVE BEEN CANCELED. MAC: ELDORADO RESORTS, SAYS IT WON’T SELL THE CASINO TO CHURCHILL DOWNS OVER ANTI-TRUST CONCERNS. CHURCHILL WAS GOING TO PAY 51 MILLION DOLLARS FOR LADY LUCK, BUT WILL NOW SEEK TO PURCHASE A PENNSYLVANIA CASINO INSTEAD. THE TWO SIDES NOW HAVE ENTERED AN AMENDED AGREEMENT THAT REFLECTS THE TERMINATION. CHURCHILL IS EXPECTED TO PAY ELDORADO A 5 MILLION DOLLAR TERMINATION FEE.

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