However, Eldorado received some serious criticism over the state of its Belle of Baton Rouge property back then.ĭuring a regulatory hearing on the Eldorado-Caesars tie-up, the Louisiana Gaming Control Board asked Mr.

The deal is subject to regulatory approvals and other customary closing conditions and is expected to close in mid-2021.Ĭaesars CEO Tom Reeg thanked their Baton Rouge team members “for their hard work and dedication”, especially during the coronavirus pandemic, and wished them “them the best under Casino Queen’s ownership.” A Troubled PropertyĬaesars’ predecessor, Eldorado Resorts, and GLPI purchased Belle of Baton Rouge in October 2018 as part of a larger $1.85 billion deal for the acquisition of the entire Tropicana Entertainment estate.Įldorado took over the old Caesars this past July to combine its entire portfolio of assets with that of Caesars.Įldorado and Caesars’ combination secured approval from Louisiana regulators in January. GLPI would remain the owner of the land and buildings associated with Belle of Baton Rouge after the transaction closes, it also became known. Caesars said Tuesday that under the terms of an amended lease agreement with GLPI, the Baton Rouge facility would be removed from the GLPI Master Lease, and the rent payments to the REIT would remain unchanged. (Casino Queen) for an undisclosed amount.Ĭaesars had a 15-year lease agreement with real estate investment trust Gaming and Leisure Properties (GLPI) for the riverboat casino.

The company has entered into a definitive agreement to sell the Baton Rouge, Louisiana gambling venue to CQ Holding Company, Inc. announced Tuesday that it would offload the Belle of Baton Rouge riverboat casino from its portfolio of properties.

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