Eldorado Resorts Inc. and Isle of Capri Casinos Inc. won shareholder approvals for their proposed merger at separate meetings Jan. 25.

At Eldorado's meeting, holders of more than 99% of the company's shares voted in favor of the issuance of Eldorado's common shares in the merger, representing about 85% of Eldorado's outstanding common stock as of the meeting's record date.

At Isle of Capri's meeting, holders of more than 99% of the company's shares voted to approve the merger, representing about 84% of Isle's outstanding common stock as of the meeting's record date.

Under the roughly $1.7 billion deal, Eldorado will acquire all of Isle of Capri's outstanding shares for a per-share consideration of $23 in cash, or 1.638 Eldorado common shares.

The merger, which is expected to close in the second quarter, remains contingent on the approval of applicable gaming authorities and other customary conditions.