CZR Caesars Entertainment Inc

SCHEDULE 13D

(1) All of the shares of Eldorado Resorts, Inc.’s (“ERI” or “Issuer”) common stock (“Common Stock”) reported on this Schedule 13D are directly held by Recreational Enterprises, Inc. (“REI”). Donald L. Carano (“Mr. Carano”) is the trustee and a beneficiary of, and holds investment control over, the Donald L. Carano Family Trust (the “Trust”), which holds a direct ownership interest in REI.

(2) Calculated based on a total of 47,105,744 shares of Common Stock outstanding as of September 16, 2016, according to information filed by the Issuer on September 19, 2016.

2

SCHEDULE 13D

(1) All of the shares of ERI’s Common Stock reported on this Schedule 13D are directly held by REI. Mr. Carano is the trustee and a beneficiary of, and holds investment control over, the Trust, which holds a direct ownership interest in REI.

(2) Solely as a shareholder of REI, which holds a direct ownership interest in ERI. The Trust disclaims beneficial ownership of the shares of ERI’s Common Stock owned by REI, except to the extent of any pecuniary interest therein.

(3) Calculated based on a total of 47,105,744 shares of Common Stock outstanding as of September 16, 2016, according to information filed by the Issuer on September 19, 2016.

3

SCHEDULE 13D

(1) All of the shares of ERI Common Stock reported on this Schedule 13D are directly held by REI. Mr. Carano is the trustee and a beneficiary of, and holds investment control over, the Trust, which holds a direct ownership interest in REI.

(2) Solely in Mr. Carano’s capacity as trustee and a beneficiary of the Donald L. Carano Family Trust, which holds a direct ownership interest in REI. REI holds a direct ownership interest in ERI. Mr. Carano disclaims beneficial ownership of the shares of ERI’s Common Stock owned by REI, except to the extent of any pecuniary interest therein.

(3) Calculated based on a total of 47,105,744 shares of Common Stock outstanding as of September 16, 2016, according to information filed by the Issuer on September 19, 2016.

4

Recreational Enterprises, Inc., a Nevada corporation (“REI”), Donald L. Carano Family Trust (the “Trust”) and Donald L. Carano (“Mr. Carano” and together, “the Reporting Persons”) initially filed this Schedule 13D on September 19, 2014 (the “Initial Filing”). The purpose of this Amendment No. 1 is to amend and supplement the Initial Filing with respect to shares of common stock, par value $0.00001 per share (the “Common Stock”), of Eldorado Resorts, Inc., a Nevada corporation (“ERI” or the “Issuer”).  Other information regarding the Reporting Persons and their purchases of the Issuer’s common stock remain true and correct and can be found in the Initial Filing incorporated herein by this reference.

Item 2 is hereby amended to add the following supplemental information:

The name, business address, present principal occupation or employment and citizenship of each executive officer and director of REI and the name, principal business and address of any corporation or other organization in which such employment is conducted is set forth in Schedule I hereto.

Item 3 is hereby amended to add the following supplemental information:

On September 19, 2016, ERI entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Isle of Capri Casinos, Inc., a Delaware corporation (“Isle”), Eagle I Acquisition Corp. and Eagle II Acquisition Company LLC. In connection with the execution of the Merger Agreement, and to induce Isle to enter into the Merger Agreement, REI entered into a Voting Agreement (the “Voting Agreement”) with Isle dated September 19, 2016, pursuant to which REI has agreed to vote all shares of common stock of ERI beneficially owned by it in favor of the issuance by ERI of shares of common stock of ERI to be issued in connection with the closing of the merger and any other action required to consummate the merger that may be submitted to a vote of the stockholders of ERI. REI has appointed Isle and any designees of Isle as its proxy and attorney-in-fact, with full power of substitution and resubstitution, to vote the shares or act by written consent with respect to the shares of common stock of ERI beneficially owned by it in favor of the issuance by ERI of shares of common stock of ERI to be issued in connection with the closing of the merger and any other action required to consummate the merger that may be submitted to a vote of the stockholders of ERI A copy of the Voting Agreement is filed as Exhibit 99.1 hereto. The description of the Voting Agreement included in this Schedule 13D/A is qualified in its entirety by reference to the filed exhibit.

5

Item 4 is hereby amended by adding to the end of Item 4 the following:

Items 3 and 6 are incorporated herein by reference.

Item 5 is hereby amended as follows:

Item 3 in incorporated herein by reference.

(a) and (b) As of the date hereof, REI owns beneficially 11,129,867 shares of Common Stock, representing approximately 23.6% of the outstanding Common Stock of the Issuer (based on a total of 47,105,744 shares of Common Stock outstanding, according to information filed by ERI on September 19, 2016).

As of the date hereof, the Trust, which holds a direct ownership interest in REI, had shared voting and dispositive power with respect to all 11,129,867 shares of Common Stock owned beneficially by REI, representing approximately 23.6% of the outstanding Common Stock of the Issuer.

As of the date hereof, Mr. Carano, in his capacity as the trustee and a beneficiary of the Trust, had shared voting and dispositive power with respect to all 11,129,867 shares of Common Stock owned beneficially by REI, representing approximately 23.6% of the outstanding Common Stock of the Issuer.

As a result of the Voting Agreement, the Reporting Persons may be deemed to have shared voting and dispositive powers with Isle with respect to the 11,129,867 shares of ERI Common Stock beneficially owned by REI.

(c) None of the Reporting Persons has engaged in any transactions in common stock of ERI in the last 60 days.

(d) In addition to the Trust, the other shareholders of REI have the right to receive dividends from, or the proceeds from, the sale of the 11,129,867 shares of Common Stock owned directly by REI.

(e) Not applicable.

Item 6 is hereby amended to add the following supplemental information:

Item 3 is incorporated herein by reference.

Pursuant to the Voting Agreement, and subject to the terms and conditions contained therein, REI has agreed that until termination of the Voting Agreement, REI shall not Transfer (as defined in the Voting Agreement) any shares of stock beneficially owned by REI as set forth in the Voting Agreement, subject to certain exceptions for permitted transfers as set forth in the Voting Agreement. The Voting Agreement is incorporated herein by reference and the foregoing summary is qualified in its entirety by reference to the filed exhibit.

6

7

SIGNATURES

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.

Dated: September 22, 2016

8

SCHEDULE I

Directors and Executive Officers of Recreational Enterprises, Inc.

The following table sets forth the name, business address and present principal occupation or employment of each director and executive officer of Recreational Enterprises, Inc. (“REI”). Each such person is a U.S. citizen, and, unless otherwise noted, the business address of each such person is 100 West Liberty Street, 11th Floor, Reno Nevada 89501.

9