46.16 0.00 (0.00%)
After hours: 4:13PM EDT
|Bid||43.00 x 1800|
|Ask||46.10 x 800|
|Day's Range||45.50 - 46.83|
|52 Week Range||31.25 - 50.97|
|Beta (3Y Monthly)||2.37|
|PE Ratio (TTM)||37.84|
|Earnings Date||Aug 3, 2017 - Aug 7, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||56.67|
Caesars is providing some limited confidential financial information to Eldorado, which is carrying out due diligence on the potential combination of the two casino companies, the sources told Reuters. Earlier this month, Caesars struck a deal with billionaire investor Carl Icahn that will allow the activist investor and significant shareholder to add three directors to the board. "I believe the best path forward for Caesars requires a thorough strategic process to sell or merge the company to further develop its already strong regional presence, which will allow Caesars to continue to take advantage of the Caesars Rewards program bringing more and more players into Caesars' Vegas market," Icahn said on March 1.
U.S. stock futures were mixed on Monday as investors weighed signals of further interest rate easing from the world's biggest central banks and some uncertainty surrounding U.S.-China trade talks. The Federal Reserve will meet Tuesday and Wednesday, with investors anticipating another dovish statement from Fed Chairman Jerome Powell that could include new information on the bank's $3.8 trillion balance sheet, the unwinding of which has acted as a de facto interest rate increase in the world's biggest economy. The Bank of England also will gather this week in London, with Gov. Mark Carney expected to reiterate the level of uncertainty surrounding the world's fifth- largest economy as it moves toward the final weeks of its 40-year relationship with the European Union.
Analysts have speculated on a merger between the two in the past, as Eldorado owns 26 properties across the U.S. and Caesars is one of the dominant casino companies in Las Vegas.
The deal talks come after Caesars agreed this month to give billionaire investor Carl Icahn, who has been pushing the company to sell itself, three board seats to his representatives and a say on the selection of its next chief executive officer. Caesars is providing some limited confidential financial information to Eldorado, which is carrying out due diligence on the potential combination of the two companies, the sources said. Eldorado has yet to make a binding offer for Caesars, and there is no certainty any bid will materialize or that a deal will be successfully negotiated, the sources added, asking not to be identified because the matter is confidential.
Eldorado Resorts Inc. and Caesars Entertainment Corp. are in early merger discussions, Reuters reported Sunday. Activist investor Carl Icahn has recently increased his stake in Caesars, and has pushed for a sale. The talks are in their early stages and Eldorado has yet to make an official offer for Caesars, Reuters said, and it's possible no deal will be made. Caesars and Eldorado have market caps of $5.4 billion and $3.6 billion, respectively, though both U.S.-based casino operators have hefty debt loads.
Casinos in Los Angeles witnessed a rebound in the last quarter of 2018. Moreover, conventional traffic at such casinos is likely to improve this year.
Eldorado Resorts, Inc. announced today that its senior management will be participating in two upcoming institutional investor conferenc
Churchill Downs Incorporated (“CDI” or the “Company”) (CHDN) today announced that it has completed its previously announced transaction to assume management of Lady Luck Casino Nemacolin in Farmington, Pennsylvania (“Lady Luck Nemacolin”) and acquire certain assets related to the management of Lady Luck Nemacolin from Eldorado Resorts, Inc. (“ERI”) (ERI) for cash consideration of $100,000. The closing follows the approval of the transaction by the Pennsylvania Gaming Control Board on March 6, 2019. Lady Luck Nemacolin opened in 2013, is located one mile from Nemacolin Woodlands Resort in Farmington, Pennsylvania, and operates approximately 600 slot machines and 27 table games.
NEW YORK, March 07, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
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Macau gaming revenues surge in February but miss analyst expectations. Eldorado Resorts reports disappointing fourth-quarter 2018 results, wherein both earnings and revenues miss estimates.
The most recent earnings announcement Eldorado Resorts, Inc.'s (NASDAQ:ERI) released in December 2018 revealed that the company experienced a strong tailwind, eventuating to a double-digit earnings growth of 29%. Below,Read More...
Eldorado Resorts Inc is a gaming and hospitality company. It owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. Eldorado Resorts Inc had annual average EBITDA growth of 13.90% over the past five years.
IBD Stock Of The Day: Eldorado Resorts has rapidly expanded via M&A. Eldorado stock hit a new high on earnings but pulled back between buy points.
Eldorado Resorts, Inc. today reported record operating results for the fourth quarter and full year ended December 31, 2018. As outlined in the tables below, the Company generated 2018 fourth quarter Consolidated Adjusted EBITDA of $161.3 million and Consolidated Adjusted EBITDA, after $21.9 million of Master Lease payments, of $139.4 million.
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Buyers may be interested in acquiring Caesars Entertainment, but the current suitors aren't well positioned to add long-term value.
The negotiations come after Icahn disclosed a 9.8 percent stake in Caesars on Tuesday and said he could nominate a slate of directors to the company's board. Icahn also asked Caesars to launch a process to explore a sale. Icahn has proposed Anthony Rodio, the CEO of privately held casino gaming company Affinity Gaming, as the successor to Mark Frissora, who is due to step down as Caesars CEO later this year, the sources said.