Current Report Filing (8-k)
November 21 2017 - 6:10AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 21, 2017
Eldorado Resorts, Inc.
(Exact name of registrant as specified in its charter)
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Nevada
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001-36629
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46-3657681
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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100 West Liberty Street, Suite 1150
Reno, NV
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89501
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code (775)
328-0100
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined
in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.02. Termination of a Material Definitive Agreement
On November 21, 2017, Eldorado Resorts, Inc. (the Company) terminated the equity purchase agreement, dated as of August 22, 2016 (the
Agreement), pursuant to which it agreed to sell the Isle of Capri Casino Hotel in Lake Charles, Louisiana, to Kicks Entertainment, LLC, a company indirectly owned equally by Laguna Development Corporation and Eagle Holdings, LLLP
(Buyer).
The closing of the transaction was subject to certain closing conditions, including obtaining certain gaming approvals, and was to
occur on or before the termination date, which had been extended by the parties to November 20, 2017.
Buyer did not obtain the required gaming
approvals prior to the termination date, and pursuant to the terms of the Agreement, the Company has retained Buyers $20.0 million deposit.
Buyer agreed to the termination and its terms.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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ELDORADO RESORTS, INC.,
a Nevada corporation
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Date: November 21, 2017
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By:
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/s/ Gary L. Carano
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Name: Gary L. Carano
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Title: Chief Executive Officer
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