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Window-shop period for Tropicana-Eldorado merger deal expires

Tropicana Entertainment Inc. said the window-shop period under its deal to merge its gaming and hotel operations with and into casino operator Eldorado Resorts Inc. and to sell its real estate to casino real estate investment trust Gaming and Leisure Properties Inc. expired May 15 at 6 p.m. ET, without any superior proposals or requests for information from third parties.

The casino and resort company also said it received the required shareholder approval for the deal, effected through the written consent of substantial Tropicana stockholder and Icahn Enterprises LP unit American Entertainment Properties Inc.

The deal is anticipated to close in the second half, pending gaming approvals and termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, among other customary closing conditions.