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Maverick gaming enters into agreement to purchase the Eldorado Shreveport Casino and resort for $230
Maverick Gaming LLC announced that it has entered into a definitive agreement to purchase the Eldorado Casino and Resort in Shreveport, Louisiana from Eldorado Resorts, Inc. for $230 million. The transaction, once closed, will add approximately 1,500 slots, 50 table games, over 400 hotel rooms and six restaurants to the Maverick portfolio.
“Maverick continues to bet on diversified economies as we expand our gaming portfolio. The population in the Dallas market exceeds 7.5 million people, and Dallas encompasses the third-largest concentration of Fortune 500 companies in the United States. Maverick’s focus to date has been on the growing, vibrant and dynamic economies of Salt Lake City, Utah Seattle, Washington and Denver, Colorado. The Company now adds Dallas to that list” said Eric Persson, owner of Maverick Gaming.
Maverick intends to fund this transaction primarily with cash on hand and financing from HG Vora Capital Management and Angelo Gordon, both of which are private investment firms. “HG Vora is an important financing partner for Maverick Gaming with deep experience in the gaming and lodging sector, and we are pleased to also begin a new strategic partnership with Angelo Gordon, a firm that brings a strong track record in providing innovative finance solutions. We look forward to growing our portfolio over the near term in partnership with both investment firms” Mr. Persson commented.
The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 2020.
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WPT Russia kicks off at Casino Sochi
The World Poker Tour (WPT) returned to Casino Sochi, Sunday, January 12, 2020, to kick off the highly-anticipated 2020 edition of WPT Russia.
Running up until Sunday, January 26, 2020, the partypoker LIVE sponsored festival features a total of nine events to suit all bankrolls, headlined by the ₽95,500,000 ($1,600,000) GTD Main Event at a ₽192,500 ($3,100) +17,500 ($280) buy-in, while the ₽301,000 ($4,900) + 21,000 ($340) High Roller is sure to attract the region’s best players to the Olympic city this month.
Other highlights include an opening and closing event, plus a dedicated Ladies and PLO bounty tournament.
Nestled in the mountain resort of Gorky Gorod, Casino Sochi is a world class international poker destination and the venue holds special memories for Team partypoker’s Anatoly Filatov. The Russian followed up a partypoker LIVE MILLIONS Main Event win there in August 2018 worth ₽60,000,000 ($944,230) with victory in the WPT Russia High Roller last year to add a further ₽6,987,610 ($105,906) to his coffers – kicking of a stunning 12 months at the felt.
Filatov will be back looking to capture more glory on home soil shortly. He said: “I am very excited to combine poker and skiing once more in Sochi and I’m looking forward to defending my title!
“Last year I started the year with a win in a High Roller event and it was a great time!”
A recent concept introduced by partypoker partner Rob Yong allows players to enter either Online or Live Day 1 and Day 2 flights for the WPT Russia Main Event. All players that successfully make it through to Day 3 from either route will then combine pools to play down to a winner at the host venue from 13:00 on Saturday, January 25th, having already locked up a min-cash.
Players can secure their Main Event seats with T$ from just $1.10 via satellites running on partypoker, making the event accessible for all.
In addition, partypoker is giving players the chance to book their seat in Sochi for free, with the operator’s ‘Way to the TV Table’ promotion. Any player that takes part in three separate ₽21,000 buy-in WPT Russia Main Event online satellites will earn a ticket to an exclusive freeroll. Here the winner will receive Main Event entry from Day 2 of the tournament, where they will be seated at the TV table and broadcast live to viewers across the world.
Hermance Blum, WPT Vice-President Europe, said: “WPT is very proud to count Casino Sochi as a key partner in the tour’s global expansion.
“Players, as well as WPT CEO, Adam Pliska, are excited to come back to this beautiful region and one of a kind resort. After such a successful inaugural event last year, everyone involved is happy to build strong momentum for WPT Russia in the coming years.”
