Casino Aztar is located in Evansville, Indiana, and is a hotel-casino. Featuring a live poker room, Casino Aztar is primarily a restaurant
Evansville, Indiana--New court documents show Eldorado has reached a settlement to pull out of plans to purchase Casino Aztar.
Eldorado states in the 11-page document that they are "not immune to the nation's current credit woes."
Eldorado says they have worked very hard to get approval of the sale but it has been tied up in litigation too long....read the rest
Columbia Sussex Corp. has found a buyer for its Casino Aztar property--Eldorado Resorts, LLC in Reno, Nevada.
The Northern Kentucky casino and hotel owner has signed an agreement to sell Casino Aztar, in Evansville Ind., to Eldorado for up to $245 million, according to a news release. The sale price consists of $190 million in cash, a $30 million note and $25 million in potential incentives linked to the operating performance of the property.
The sale is subject to approval by the Indiana Gaming Commission, which must license Eldorado before the deal can close....read the rest