VICKSBURG, Miss. (AP) — The sale of a Mississippi casino has been canceled in the face of antitrust concerns.
Eldorado Resorts of Reno, Nevada, says it won't sell Lady Luck Casino in Vicksburg to Churchill Downs of Louisville, Kentucky.
The sale was supposed to be a package deal in which the Kentucky company is also buying Presque Isle Downs & Casino in Erie, Pennsylvania.
Churchill Downs already owns Vicksburg's Riverwalk Casino Hotel. It was going to pay $51 million for Lady Luck, one of four Vicksburg casinos.
Churchill will go through with $179 million Presque Isle purchase, but instead will seek to take over the Lady Luck Casino Nemacolin in Farmington, Pennsylvania, for $100,000. Churchill is also paying Eldorado a $5 million termination fee.
Eldorado says the Nemacolin transfer will provide tax benefits.
- Mississippi casino sale canceled after antitrust questions
- Mississippi city could be getting first casino
- UPDATE: Sports betting legalized in Mississippi casinos
- Mississippi regulators approve site for 13th casino
- Judge lets Blue Cross Blue Shield antitrust suit move ahead
- Mississippi Choctaws voting on proposal to create 4th casino
- Mississippi casinos oppose video gambling in gas stations
- Mississippi casinos take more from gamblers in November
- Mississippi casino revenue fell 2 percent in 2017
- Mississippi casinos take less from gamblers in January