A PYMNTS Company

US: Mississippi casino sale canceled over antitrust concerns

By  |  July 10, 2018

The sale of a Mississippi casino has been canceled in the face of antitrust concerns. Eldorado Resorts of Reno, Nevada, says it won’t sell Lady Luck Casino in Vicksburg, Mississippi, to Churchill Downs Inc of Louisville, Kentucky.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The sale was supposed to be a package deal in which the Kentucky company is also buying Presque Isle Downs & Casino in Erie, Pennsylvania.

    Churchill Downs already owns Vicksburg’s Riverwalk Casino Hotel. It was going to pay US$51 million for Lady Luck, one of four Vicksburg casinos.

    Churchill will go through with US$179 million Presque Isle purchase, but instead will seek to take over the Lady Luck Casino Nemacolin in Farmington, Pennsylvania, for US$100,000. Churchill is also paying Eldorado a US$5 million termination fee.

    Full Content: San Francisco Chronicle, Globe News Wire

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.