MGM accepts bid from Eldorado

A big casino consolidation is coming to downtown Reno. Cost: $72.5 million. In a joint statement released July 7, gambling operator MGM Resorts International announced that it accepted the winning bid for its Reno-based hotel and casino businesses from Eldorado Resorts. The latter company said it will purchase a 50 percent share in the Silver Legacy Resort and the entire Circus Circus Reno Hotel & Casino. As the two operators wrote in a joint statement, Eldorado Resorts would pay $72.5 million