Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
RENO, Nev. (AP) — MGM Resorts International says it's selling Circus Circus Reno and its stake in the Silver Legacy Resort Casino Reno to Eldorado Resorts Inc. for $72.5 million.
The casino-resort company announced the sale Tuesday.
MGM Resorts and Eldorado have each owned a 50 percent stake in Silver Legacy. Eldorado also owns the Eldorado Resort Casino Reno.
Silver Legacy is a 1,711-room mining-themed casino. Circus Circus Reno has 1,571 rooms and a carnival midway.
The two casino-hotels and Eldorado Reno are connected via indoor pedestrian bridges along North Virginia Street.
The companies expect the deal to close before the year's end.
Eldorado Resorts also owns Eldorado Resort Casino in Louisiana, Scioto Downs Racino in Ohio, Mountaineer Casino Racetrack & Resort in West Virginia and Presque Isle Downs & Casino in Pennsylvania.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.