Hollywood Casino Shreveport, Eldorado Resorts investment agreement gets gaming board OK

By Caroline Salls

Pittsburgh, July 25 - Hollywood Casino Shreveport's investment agreement with Eldorado Resorts, LLC that provides for the acquisition of Hollywood's equity was approved by the Louisiana Gaming Control Board, according to an 8-K filing with the Securities and Exchange Commission.

The gaming control board also approved Hollywood Casino Shreveport's petition to approve the transfer of interest and found Eldorado and its affiliates suitable as owners and operators of a gaming license in Louisiana, the filing said.

Hollywood Casino Shreveport owns and operates a riverboat casino and hotel complex located on the Red River in Shreveport, La.

Black Diamond Capital Management LLC and other creditors filed an involuntary Chapter 11 case against the casino and resort company on Sept. 10. The Chapter 11 case number is 04-13259.

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