|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||46.46 - 48.78|
|52 Week Range||23.95 - 50.64|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||20.98|
|Earnings Date||Aug 3, 2017 - Aug 7, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||55.00|
Recent transactions have put two St. Louis-area casinos in different hands and brought ownership of the real estate underlying all but one of the regional gaming facilities under a single company.
NEW YORK, Oct. 12, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
NEW YORK, NY / ACCESSWIRE / October 10, 2018 / U.S. equities finished mostly lower on Tuesday as interest rate increases and rising bond yields continued to put pressure on stocks. The Dow Jones Industrial ...
LAS VEGAS , Oct. 9, 2018 /PRNewswire/ -- JCM Global has signed an exclusive master supply agreement with Eldorado Resorts, Inc. (NASDAQ: ERI) helping the company to deepen and expand its connection with ...
Carl C. Icahn, Chairman of Icahn Enterprises, stated: "Icahn Enterprises acquired majority control of Federal-Mogul in 2008 when we saw an out-of-favor market opportunity for a great company. Mr. Icahn continued: “Icahn Enterprises first acquired an interest in Tropicana in 2008.
Eldorado Resorts, Inc. (ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it completed its previously announced acquisition of Tropicana Entertainment Inc. (TPCA) (“Tropicana”). The transaction further increases the Company’s scale and is expected to be immediately accretive to Eldorado’s free cash flow and diluted earnings per share, inclusive of identified expected cost synergies of approximately $40 million expected to be realized in Eldorado’s first year of operation of Tropicana (and giving effect to the master lease described below). The combination creates a premier, diversified regional gaming platform with combined annual revenue of more than $2.7 billion and combined adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately $697 million (before rent and after giving effect to the realization of synergies), in each case for the twelve months ended June 30, 2018 and giving effect to the acquisition of Grand Victoria Casino and the previously announced dispositions of Presque Isle Downs and Lady Luck Nemacolin.
Gaming and Leisure Properties, Inc. (GLPI) ("GLPI" or the "Company") today announced that it has successfully completed the previously announced acquisition of the real estate assets of five casino properties from Tropicana Entertainment, Inc. (“Tropicana”) for $964 million. The Company funded the transaction with proceeds from the publicly registered senior unsecured notes offering, which closed on September 26, 2018, with an aggregate principal amount of $1.100 billion, plus proceeds from the Company’s revolving credit facility.
Eldorado Resorts, Inc. (ERI) (“Eldorado” or the “Company”) announced today that its Board of Directors approved an executive management transition to position the Company for its next phase of growth and the continued creation of shareholder value. Effective January 1, 2019, Thomas (Tom) R. Reeg, who currently serves as the Company’s President and Chief Financial Officer, will assume the role of Chief Executive Officer for Eldorado Resorts.
Eldorado Resorts, Inc. announced today that President and Chief Financial Officer, Tom Reeg, will be participating in a fireside chat at the Deutsche Bank 26th Annual Leveraged Finance Conference on Tuesday, October 2, 2018 at 10:40 a.m.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to start learning about core conceptsRead More...
ATLANTIC CITY, N.J. (AP) — Eldorado Resorts was given temporary approval to own Atlantic City's Tropicana casino, expressing optimism about a growing market rather than nervousness over increasing competition.
Eldorado Resorts, Inc. (ERI) (“Eldorado,” “ERI,” or the “Company”) announced today that Delta Merger Sub, Inc. (the “Escrow Issuer”), a wholly owned subsidiary of ERI, priced its previously announced offering of $600 million in aggregate principal amount of senior notes due 2026 (the “Notes”) at an interest rate of 6.000% per annum and an issue price equal to 100% of the principal amount of the Notes. The proceeds of the offering initially will be placed in escrow pending satisfaction of certain conditions, including consummation of ERI’s pending acquisition (the “Tropicana Acquisition”) of Tropicana Entertainment Inc. (“Tropicana”). Upon satisfaction of the escrow conditions, ERI intends to apply the net proceeds of the sale of the Notes, together with borrowings under its revolving credit facility, its cash on hand and Tropicana’s cash on hand, to (i) pay the cash portion of the consideration payable in the Tropicana Acquisition, (ii) repay all of the debt outstanding under Tropicana’s existing credit facility and (iii) pay fees and costs associated with the Tropicana Acquisition.
Moody's Investors Service today affirmed Eldorado Resorts, Inc.'s (Eldorado) B1 Corporate Family Rating and SGL-1 Speculative Grade Liquidity rating. At the same time, a B2 was assigned to Eldorado's proposed $600 million senior unsecured notes. Eldorado's existing $1.25 billion senior unsecured notes were upgraded to B2 from B3.
Eldorado Resorts, Inc. (ERI) (“Eldorado,” “ERI,” or the “Company”) announced today that Delta Merger Sub, Inc., a wholly owned subsidiary of ERI (“Escrow Issuer”), intends to offer $600 million in aggregate principal amount of senior notes due 2026 (the “Notes”). The proceeds of the offering initially will be placed in escrow pending satisfaction of certain conditions, including consummation of ERI’s pending acquisition (the “Tropicana Acquisition”) of Tropicana Entertainment Inc. (“Tropicana”). Upon satisfaction of such conditions, ERI will assume Escrow Issuer’s obligations under the Notes and the indenture that will govern the Notes, and certain of ERI’s subsidiaries (including Tropicana and certain of its subsidiaries) will guarantee ERI’s obligations under the Notes.
LONDON, Sept. 5, 2018 /PRNewswire/ -- William Hill PLC (WMH.L) today announces that William Hill US ("William Hill") and Eldorado Resorts, Inc. (ERI) have entered into a nationwide partnership for digital and land-based sports betting and online gaming in the United States.
Eldorado Resorts, Inc. (ERI) (“Eldorado” or the “Company”) and William Hill PLC (WMH.L) announced today that the companies have entered into a definitive agreement pursuant to which William Hill US will become Eldorado’s exclusive sports betting operator for a period of 25 years at its properties in jurisdictions where sports betting is legal. Eldorado will also work with William Hill US to leverage its licenses to operate mobile and online sports wagering operations in the United States.
The Zacks Analyst Blog Highlights: MGM Resorts International, Eldorado Resorts, Golden Entertainment, Las Vegas Sands and Penn National Gaming
NEW YORK , Aug. 14, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400: Eldorado Resorts Inc. (NASD: ERI) will replace VeriFone Systems Inc. (NYSE: PAY) in ...
Churchill Downs Incorporated (“CDI”) (CHDN) announced today that it has signed an asset purchase agreement (the “Asset Purchase Agreement”) pursuant to which CDI will 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. 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.
Eldorado Resorts, Inc. (ERI) (“Eldorado” or the “Company”) announced today that it has entered into a definitive agreement with Churchill Downs Incorporated (CHDN) (“Churchill Downs”) pursuant to which the Company will transfer the operations of Lady Luck Casino Nemacolin in Farmington, Pennsylvania to Churchill Downs for $100,000 in cash consideration. Execution of the agreement to acquire the operations of Lady Luck Casino Nemacolin was a condition to the closing of the parties’ previously announced agreement to sell Eldorado’s Presque Isle Downs & Casino to Churchill Downs.
NEW YORK, Aug. 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Aaron's, ...
Eldorado Resorts, Inc. (ERI) (“Eldorado” or the “Company”) announced today that it completed the previously announced purchase of the Grand Victoria Casino (“Grand Victoria”) in Elgin, Illinois for total consideration of $327.5 million in cash, subject to a customary working capital adjustment. The transaction was financed with cash on hand and borrowings under the Company’s revolving credit facility. The purchase price represents a multiple of approximately 9.0x trailing twelve months Adjusted EBITDA (for the period ended June 30, 2018) which Eldorado expects to reduce to approximately 6.0x or less within 18 months based on expected operating synergies and cost savings.