Silver Legacy: MGM Resorts : selling two Reno casinos to Eldorado Resorts

(4-traders.com) July 08--MGM Resorts International is selling two Reno properties to a Northern Nevada casino company. Eldorado Resorts will acquire MGM's 50 percent interest in the Silver Legacy Resort as well as the entirety of Circus Circus Reno, the two casino companies announced today. Eldorado plans to pay $72.5 million in cash and will also pay about $60...http://www.4-traders.com/MGM-RESORTS-INTERNATIONAL-13513/news/MGM-Resorts--selling-two-Reno-casinos-to-Eldorado-Resorts-20655682/