Eldorado Resorts, Inc.
January 11, 2019
Page 3
We express no opinion as to the creation or perfection of a lien against any real or personal, tangible or intangible property or the enforceability of any document.
This opinion letter is limited to, (i) in respect of New Jersey Guarantor, the New Jersey Business Corporation Act, as amended, and such other laws, rules and regulations of the State of New Jersey which, in our experience, are normally applicable to transactions of the type contemplated by the Registration Rights Agreement and the Indenture, and (ii) in respect of Pennsylvania Guarantor, the Pennsylvania Business Corporation Law of 1988, as amended, and such other laws, rules and regulations of the Commonwealth of Pennsylvania which, in our experience, are normally applicable to transactions of the type contemplated by the Registration Rights Agreement and the Indenture (collectively, the “Applicable Laws”). We express no opinion with respect to the laws of any other jurisdiction or any other law of the State of New Jersey or the Commonwealth of Pennsylvania. In rendering this opinion letter, we have assumed compliance with all laws, rules and regulations other than Applicable Laws.
Based upon the foregoing and subject to the assumptions, qualifications, exclusions, exceptions and limitations set forth above and below, it is our opinion that:
1. Based solely upon the related Status Certificate, New Jersey Guarantor is a corporation in good standing under the laws of the State of New Jersey.
2. Based solely upon the related Status Certificate, Pennsylvania Guarantor is a corporation validly subsisting under the laws of the Commonwealth of Pennsylvania.
3. New Jersey Guarantor has the corporate power and authority under the New Jersey Business Corporation Act to take, and has taken, all necessary corporate action to authorize the execution of the Guarantor Documents and to perform its obligations thereunder on the date of this letter.
4. Pennsylvania Guarantor has the corporate power and authority under the Pennsylvania Business Corporation Law to take, and has taken, all necessary corporate action to authorize the execution of the Guarantor Documents and to perform its obligations thereunder on the date of this letter.
5. The Guarantor Documents have been duly authorized, executed and delivered by each of the Guarantors.
This opinion letter is given as of the date hereof and is limited to the facts, circumstances and matters set forth herein and to laws presently in effect. No opinion may be inferred or is implied beyond matters expressly set forth herein, and we do not undertake or assume any duty or obligation to update or supplement this opinion letter to reflect any facts or circumstances which may hereafter come to our attention or any changes in law which may hereafter occur. This opinion letter is not a guaranty and should not be construed or relied on as such.