MTR Gaming Group Inc. and Eldorado Resorts, LLC, including Eldorado Resort Casino Shreveport, have entered into a definitive agreement under which MTR Gaming Group will combine with the parent company of Eldorado Resorts, LLC, in a stock merger.

The combined new company will remain publicly traded and be named Eldorado Resorts Inc. and will operate six properties across five jurisdictions with 9,968 slot machines and video lottery terminals, 283 table games and 3,282 hotel rooms.

“We are excited to announce this transformative transaction, which creates a new gaming platform with a diversified portfolio across the country,” Gary Carano, chief executive officer of the combined company, said. “Our strong balance sheet will allow us to take advantage of future growth opportunities as the gaming industry continues to consolidate. In addition, we are thrilled to partner with the team at MTR Gaming, who have done a tremendous job in developing and operating the MTR portfolio. We believe that the MTR Gaming management team will be a significant part of our success going forward.”