Eldorado Resorts

Eldorado Resorts Announces Pricing of Public Offering of Common Stock

Retrieved on: 
Wednesday, June 17, 2020
Casino, Gaming, Lodging, Entertainment, Destinations, Travel, Financial markets, Finance, Financial economics, Corporate finance, Stock market, Stock, Underwriting, Eldorado Resorts, Public offering, NASDAQ, Greenshoe, Initial public offering

Eldorado Resorts, Inc. (Nasdaq: ERI) (Eldorado or the Company) today announced the pricing of an underwritten public offering of 18,000,000 shares of common stock at a public offering price of $39.00 per share.

Key Points: 
  • Eldorado Resorts, Inc. (Nasdaq: ERI) (Eldorado or the Company) today announced the pricing of an underwritten public offering of 18,000,000 shares of common stock at a public offering price of $39.00 per share.
  • The Company also granted the underwriters a 30-day option to purchase up to 2,700,000 of additional shares of its common stock from the Company at the public offering price, less the underwriting discount.
  • The Company intends to use the net proceeds from the offering for general corporate purposes.
  • The shares of common stock are expected to be delivered on or about June 19, 2020, subject to customary closing conditions.

Gaming and Leisure Properties and Eldorado Resorts Enter Into Agreement for Mutually Beneficial Lease Modifications

Retrieved on: 
Monday, June 15, 2020
Companies, Gaming and Leisure Properties, Business, Economy of the United States, Eldorado Resorts, GLPi, Lease, Wyomissing, Pennsylvania, Penn National Gaming

WYOMISSING, Pa., June 15, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company) and Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado) announced today that the companies have agreed to mutually beneficial amendments to their master lease agreement that further both companies strategies.

Key Points: 
  • WYOMISSING, Pa., June 15, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company) and Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado) announced today that the companies have agreed to mutually beneficial amendments to their master lease agreement that further both companies strategies.
  • The Amended and Restated Master Lease (the Master Lease) is subject to the review of certain gaming regulatory agencies and the expiration of applicable gaming regulatory advance notice periods.
  • Beginning on October 1, 2026 and for all subsequent lease years, the Master Lease will include a 2.0% fixed annual escalator.
  • Peter Carlino, Chief Executive Officer of Gaming and Leisure Properties, commented, This mutually beneficial agreement demonstrates our continued commitment to improve the durability and predictability of our rental cash flows.

Eldorado Resorts and VICI Properties Enter Into Letter of Intent for $400 Million Mortgage and the Sale of 23 Acres of Land Proximate to the Las Vegas Strip

Retrieved on: 
Monday, June 15, 2020
Professional services, Entertainment, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Casino, Gaming, Companies, Vici Properties, Economy of the United States, Eldorado Resorts, Caesars Entertainment Corporation

Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) announced today it has signed a letter of intent to enter into a $400 million mortgage with VICI Properties Inc. (NYSE: VICI) (VICI) that is secured by the recently opened Caesars Forum Convention Center in Las Vegas.

Key Points: 
  • Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) announced today it has signed a letter of intent to enter into a $400 million mortgage with VICI Properties Inc. (NYSE: VICI) (VICI) that is secured by the recently opened Caesars Forum Convention Center in Las Vegas.
  • Additionally, VICI has agreed to acquire approximately 23 acres of undeveloped land parcels adjacent to the center of the Las Vegas Strip for $4.5 million per acre, for total proceeds of approximately $103.5 million.
  • The total expected proceeds from both transactions is approximately $503.5 million.
  • These forward-looking statements are based on the current expectations of Eldorado and Caesars and are subject to uncertainty and changes in circumstances.

Eldorado Resorts Announces Reopening Dates for Five Properties in Florida, Indiana, Colorado and Ohio

Retrieved on: 
Friday, June 12, 2020
Casino, Gaming, Lodging, Entertainment, Destinations, Travel, Mergers and acquisitions, Companies, Eldorado Resorts, Economy of the United States

Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) today announced the planned resumption of operations at five properties in Florida, Indiana, Colorado and Ohio, pending receipt of final regulatory approvals.

Key Points: 
  • Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) today announced the planned resumption of operations at five properties in Florida, Indiana, Colorado and Ohio, pending receipt of final regulatory approvals.
  • Upon these reopenings, 21 of Eldorados 23 casino entertainment facilities will have reopened following the suspension of operations in March.
  • We are excited and grateful to be on track to reopen our casinos in Florida, Indiana, Colorado and Ohio very soon, following which 90 percent of our properties will have resumed operations.
  • For more information, please visit www.eldoradoresorts.com/health-and-safety
    Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio.

Eldorado Resorts to Reopen Five Nevada Casinos Today

Retrieved on: 
Thursday, June 4, 2020
Casino, Gaming, Lodging, Entertainment, Destinations, Travel, Companies, Casinos, Mergers and acquisitions, Eldorado Resorts, MontBleu, Eldorado Resort Casino, Silver Legacy Resort & Casino, Circus Circus, Tropicana Laughlin, Laughlin, Reno, Tropicana Entertainment

Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) announced that it will resume operations at Eldorado Resort Casino, Silver Legacy Resort Casino and Circus Circus Hotel Casino in Reno, MontBleu Resort Casino Spa in Lake Tahoe and Tropicana Laughlin today, Thursday, June 4, 2020.

Key Points: 
  • Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) announced that it will resume operations at Eldorado Resort Casino, Silver Legacy Resort Casino and Circus Circus Hotel Casino in Reno, MontBleu Resort Casino Spa in Lake Tahoe and Tropicana Laughlin today, Thursday, June 4, 2020.
  • We are excited and grateful to be able to reopen our casinos in Nevada.
  • We have been working very hard over the last two months in partnership with the State of Nevada and the Nevada Gaming Control Board to prepare for these reopenings.
  • We look forward to providing the outstanding service and hospitality experiences our casinos in Nevada are known for in a safe manner, said Anthony Carano, President and Chief Operating Officer of Eldorado Resorts.

Century Casinos successfully reopened its two casinos in Missouri as well as restaurant and off-track betting operations in Alberta, Canada

Retrieved on: 
Tuesday, June 2, 2020
Century Casinos, Century Downs Racetrack and Casino, Casino, Companies, Economy of the United States, Eldorado Resorts, Isle of Capri Casinos

COLORADO SPRINGS, Colorado, June 2, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market: CNTY) announced today that operations at its two Missouri properties Century Casino Cape Girardeau and Century Casino Caruthersville resumed on June 1, 2020.

Key Points: 
  • COLORADO SPRINGS, Colorado, June 2, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market: CNTY) announced today that operations at its two Missouri properties Century Casino Cape Girardeau and Century Casino Caruthersville resumed on June 1, 2020.
  • In Alberta, Canada, while the casinos remain closed at this time, theCompany's popular restaurants at Century Casino St. Albert and Century Downs Racetrack and Casino reopened last week.
  • Prior to reopening, Century Casinos implemented comprehensive and state-specific safety and social distancing protocols as directed by state regulators and local health boards.
  • Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.

Eldorado Resorts to Reopen Three Missouri Casinos and Two Iowa Casinos Today

Retrieved on: 
Monday, June 1, 2020
Casino, Gaming, Entertainment, Lodging, Travel, Companies, Mergers and acquisitions, Economy of the United States, Eldorado Resorts, IOWA, Isle of Capri Casinos, Gaming and Leisure Properties

With todays reopenings in Missouri and Iowa, 11 of Eldorados 23 casino entertainment facilities have resumed operations following the suspension of operations in March.

Key Points: 
  • With todays reopenings in Missouri and Iowa, 11 of Eldorados 23 casino entertainment facilities have resumed operations following the suspension of operations in March.
  • With our recent successful property reopenings in Louisiana and Mississippi, we are extremely excited to reopen our doors at five properties in Missouri and Iowa this morning.
  • Eldorado has developed a comprehensive list of health and safety protocols which are being implemented in Louisiana, Mississippi, Missouri, Iowa and other gaming markets where it has operations as they reopen.
  • For more information, please visit www.eldoradoresorts.com/health-and-safety
    Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio.

Eldorado Resorts to Reopen Three Mississippi Casinos at 10:00 AM CDT Today

Retrieved on: 
Thursday, May 21, 2020
Entertainment, Commercial Building & Real Estate, Construction & Property, Destinations, Travel, Casino, Gaming, Companies, Eldorado Resorts, Economy of the United States, Gaming control board, Isle of Capri Casinos, Eldorado Resort Casino

Eldorado is implementing the Mississippi Gaming Commissions regulations that limit the number of guests to no greater than 50% of the propertys maximum occupancy.

Key Points: 
  • Eldorado is implementing the Mississippi Gaming Commissions regulations that limit the number of guests to no greater than 50% of the propertys maximum occupancy.
  • We successfully opened our properties in Louisiana on Monday and we are excited to welcome back our Guests in Mississippi and to provide them the outstanding service and hospitality experiences Eldorado is known for.
  • Eldorado has developed a comprehensive list of health and safety protocols which are being implemented in Louisiana, Mississippi and other gaming markets where it has operations as they reopen.
  • Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio.

Eldorado Resorts to Reopen Three Louisiana Casinos at Noon CT Today

Retrieved on: 
Monday, May 18, 2020
Casino, Gaming, Entertainment, Destinations, Travel, Eldorado Resorts, Companies, Gambling in the United States, Economy of the United States, Isle of Capri Casinos, Belle of Baton Rouge, Eri, Shreveport, Louisiana, Eldorado Resort Casino, Tropicana Entertainment

Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) announced that it will resume operations at Isle of Capri Lake Charles, Belle of Baton Rouge and Eldorado Shreveport at 12:00 PM CT today, Monday, May 18, 2020.

Key Points: 
  • Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) announced that it will resume operations at Isle of Capri Lake Charles, Belle of Baton Rouge and Eldorado Shreveport at 12:00 PM CT today, Monday, May 18, 2020.
  • As we resume operations at our properties, the health and safety of our team members and guests is our number one priority, said Anthony Carano, President and Chief Operating Officer of Eldorado Resorts.
  • Eldorado has developed a comprehensive list of health and safety protocols which are being implemented in Louisiana and other gaming markets where it has operations as they reopen.
  • Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio.

ATTENTION ELDORADO RESORTS EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Eldorado Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

Retrieved on: 
Thursday, May 7, 2020
Legal, Professional services, Finance, Money, Economy, Financial markets, Corporate finance, Equity securities, Eldorado Resorts, Stock, Leverage, Margin

KlaymanToskes (KT), www.klaymantoskes.com , announced today that it is investigating damages sustained by current and former employees and investors of Eldorado Resorts (NASDAQ:ERI) (Eldorado) who held large, unhedged concentrated positions in Eldorado stock and/or received margin calls resulting in the forced sale of stock.

Key Points: 
  • KlaymanToskes (KT), www.klaymantoskes.com , announced today that it is investigating damages sustained by current and former employees and investors of Eldorado Resorts (NASDAQ:ERI) (Eldorado) who held large, unhedged concentrated positions in Eldorado stock and/or received margin calls resulting in the forced sale of stock.
  • The investigation focuses on full-service brokerage firms negligence and failure to supervise the management of concentrated, leveraged positions in Eldorado stock.
  • Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan.
  • The sole purpose of this release is to investigate whether strategies deployed by full-service brokerage firms were suitable for Eldorado employees and investors with concentrated, leveraged stock positions.