Eldorado Resorts has announced its merger with Isle of Capri Casinos for $1.7bn.

The deal comprises the purchase of all outstanding shares of Isle of Capri Casinos for $23 in cash or 1.638 shares of Eldorado common stock.

Eldorado Resorts is a US-based casino entertainment company, while Isle of Capri Casinos is an American gaming company.

US-based alcoholic beverages company Sazerac has announced the acquisition of SouthTrade International from Pinnacle Drinks.

SouthTrade is a spirits distribution company based in Australia.