ATLANTIC CITY, N.J. (AP) — Eldorado Resorts has completed its purchase of Atlantic City’s Tropicana casino.
The agency still has to approve a full casino license for Eldorado.
The deal is part of a $1.85 billion acquisition of Tropicana Entertainment that billionaire investor
Carl Icahn agreed to in April
The Tropicana recently improved its performance to place behind only the Borgata in terms of annual gambling revenue in Atlantic City.
Eldorado CEO Gary Carano says the acquisition of the casino will allow the company to expand the scale of their gambling operations and reach new markets, including those that have approved sports betting.