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However, the transaction will not close until the fourth quarter of 2018. In addition to its deal to lease and take over operations at various Tropicana properties, over the past few years Eldorado has expanded further, acquiring Grand Victoria Casino in Illinois and Isle of Capri Casinos, Inc. and its portfolio of 14 US casinos. Although, Eldorado recently finalized a deal to sell Presque Isle Downs & Casino and hand over management of its Lady Luck Casino Nemacolin in Pennsylvania to horse-racing giant Churchill Downs Incorporated. Under the terms this new agreement, William Hill becomes Eldorado’s exclusive partner for sports betting and online gambling . William Hill runs more than 100 of Nevada’s almost 200 sportsbooks, making it the largest sports betting operator in the state. In fact, it already runs several sportsbooks at Eldorado Resorts venues, including recently renovated operations at its Silver Legacy and Circus Circus Resort Casinos properties. Since June, legal sports betting has also launched in Delaware , New Jersey , Mississippi , and West Virginia . Plus, a number of other states, including Pennsylvania, are lining up to do the same.
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In March 2018, four of the main suspects, who’d fled to Thailand once they realized they’d been rumbled, returned to China to face the music. To date, some 56 suspects connected to the case have been arrested. Meanwhile, Xinhua filed a report on Monday regarding a separate bust in Jiangsu of what police called a “family-style” criminal gang that operated five gambling sites. Some 63 suspects have been arrested following an investigation that began in March 2017 following another customer tipoff. The gang reportedly set up their websites – which utilized known Macau casino operators’ trademarks, including New Lisboa Casino (SJM Holdings) and Venetian (Sands China) – from a private residence in Laos’ capital city Vientiane. Police claim the operation was worth some RMB500m, and the enforcement action resulted in the seizure of RMB12.7m in cash and 10 real estate properties.
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