Exhibit 4.2

233
South Wacker Drive, Suite 28
Chicago, Illinois 60606
Tel 312-234-2732
Fax 312-234-3603

Bank of America, N. A.

|TO:                                 | Eldorado Resorts LLC
c/o Eldorado Hotel and Casino
P 0 Box 3399
Reno, NV 89505                             
|----------------------------------- | -----------------------------------------------------------------------------------------------------------
|ATTN:                               | Bob Jones                                                                                                  
|TEL:                                | 775-786-5700                                                                                               
|FAX:                                | 775-343-7513                                                                                               
|FROM:                               | Bank of America, NA.
233 South Wacker DriveSuite 2800
Chicago, Illinois 60606
Robert OHara / Anik Khambhla
|Date:                               | 10OCT02                                                                                                    
|Our Reference No. 33490            
|Internal Tracking No. 406203 406204

UNWIND CONFIRMATION FOR SWAP TRANSACTION

Re:        Letter
Agreement relating to the termination of the Transaction between Eldorado Resorts LLC and Bank of America, N.A. with our Reference Number as set forth above, with an Effective
Date of 15AUG02, Termination Date of 15FEB05 and Notional Amount of USC 50,000,000.00.

Dear
Sir/Madam,

We
refer to the above Transaction (the Transaction) and the Confirmation entered into between you and us in relation thereto (the "Confirmation"). Capitalized terms used but not defined in this letter
will have the meanings given to them in the Confirmation and Agreement referred to therein.

This
letter agreement confirms our mutual agreement on 09OCT02 to terminate this Transaction in advance of its scheduled Termination Date.

In
consideration of the early termination of this Transaction, USD 903,070.00 will be payable by us to you on or before 11OCT02 in respect of such termination. All future payment obligations of Bank
of America N.A. and Eldorado Resorts LLC under this Transaction will be terminated upon our payment to you of such settlement amount.

This
letter agreement shall be governed by and construed in accordance with the Governing Law as stated in the Confirmation or if not stated in the Confirmation, then in the Agreement referred to
therein.

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Account Details:

|Account for payments to Eldorado Resorts LLC:
|---------------------------------------------
|                                             
|NAME:                                        
|CITY:                                        
|ABA#:                                        
|NAME:                                        
|ACCT:                                        

Please
confirm that the foregoing correctly sets forth the terms and conditions of our agreement by returning via telecopier an executed copy of this Confirmation to the attention of Global Derivative
Operations at (fax no.(312) 234-3603).

|Yours Sincerely,                                                     |                         | 
|-------------------------------------------------------------------- | ----------------------- | 
|Bank America, N.A.                                                   |                         | 
|/s/DAVE WALKERDave Walker
Senior Vice President
Authorized Signatory |                         | 
|Accepted and confirmed as of the date first written:                 |                         | 
|Eldorado Resorts LLC                                                 |                         | 
|By:                                                                  | /s/DONALD L. CARANO     | 
|Name:                                                                | Donald L. Carano        | 
|Title:                                                               | Chief Executive Officer | 
|Our Reference # 33490 406203                                         |                         | 
|                                                                     |                         | 

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