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  1. #51  
    RX Senior brucefan's Avatar
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    Well, the break thru 9.5 came , and so did a nice push on volume

    sellers tried to knock us back when we were over 10 but stock looks poised now for much higher prices

    should be good for Eri

    Nevada gaming revenue rises 1.5 percent in September


    http://www.reviewjournal.com/busines...cent-september

    About Eldorado Resorts, Inc.
    Eldorado Resorts is a casino entertainment company that owns and operates six properties in five states, including the Eldorado Resort Casino and the Silver Legacy Resort Casino (a 50/50 joint venture with MGM Resorts International) in Reno, NV; the Eldorado Resort Casino in Shreveport, LA; Scioto Downs Racino in Columbus, OH; Mountaineer Casino Racetrack & Resort in Chester, WV; and Presque Isle Downs & Casino in Erie, PA.Eldorado Resorts recently announced that it has entered into an agreement to acquire MGM Resorts International’s 50% interest in the Silver Legacy Resort Casino Reno, as well as all of the assets of Circus Circus Reno with the transaction expected to be completed by year-end 2015, subject to the receipt of required gaming approvals.
    Investor Contact:
    Thomas Reeg
    President
    Eldorado Resorts, Inc.
    775/328-0112
    investorrelations@eldoradoresorts.com
    For more information, please visit: www.eldoradoresorts.com
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  2. #52  
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    ERI revised it’s most recent quarterly earnings higher which would have surpassed expectations.

    Form 8-K/A for ELDORADO RESORTS, INC.

    9-Nov-2015
    Results of Operations and Financial Condition, Financial Statements and
    Item 2.02. Results of Operations and Financial Condition.On October 26, 2015, Eldorado Resorts, Inc. (the “Company”) issued a press release, with financial information and schedules, announcing results for the third fiscal quarter ended September 30, 2015 (the “Press Release”). A copy of the Press Release was furnished as Exhibit 99.1 to a Current Report on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission on October 26, 2015. Subsequent to the issuance of the Press Release and as part of completing its financial statement close process for its Form 10-Q, the Company determined that it incorrectly reported net income and net income per share of common stock for the three and nine month periods ended September 30, 2015. Specifically, in connection with a refinancing transaction consummated in July 2015, the Company misinterpreted the procedural and assessment calculation guidance related to Accounting Standards Codification (“ASC”) 470, Debt-Modifications and Extinguishments. This resulted in the Company mischaracterizing a portion of the transaction costs associated with the refinanced debt during the quarter ended September 30, 2015. The Company originally reported net income of $3,334,000 and $1,965,000, and net income per share of common stock as $0.07 and $0.04 for the three and nine months ended September 30, 2015, respectively. After correcting the error, the Company’s net income was $5,399,000 and $4,030,000, and net income per share of common stock was $0.12 and $0.09 for the three and nine months ended September 30, 2015, respectively.
    Attached hereto as Exhibit 99.1 is an amended copy of the financial tables to the Press Release with the corrected net income and net income per share of common stock information, as well as corresponding adjustments to the reconciliation of GAAP to non-GAAP financial information. In addition, the correction of the error resulted in certain adjustments to the Company’s unaudited consolidated statements of operations for the three and nine months ended September 30, 2015 as well as the Company’s consolidated balance sheets as of September 30, 2015, which adjustments are reflected in Exhibit 99.1 attached hereto. No other changes were made to the financial tables to the Press Release.
    The Company will make the same corrections to the version of the Press Release available on its website.
    The information in this Current Report on Form 8-K/A and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
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  3. #53  
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    slow erosion of the stock price on low volume, back to support . Lots waiting for a solid green bar to get us going again. Ill be ready

    Index - P/E - EPS (ttm) -0.19 Insider Own 0.50% Shs Outstand 46.44M Perf Week -10.48%
    Market Cap 404.49M Forward P/E 12.62 EPS next Y 0.69 Insider Trans 237.26% Shs Float 23.13M Perf Month -4.07%
    Income -9.00M PEG - EPS next Q 0.00 Inst Own 37.90% Short Float 3.83% Perf Quarter -10.21%
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  4. #54  
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    I think next week we head up

    Short term target still 11-12, longer term low twenties




    Eldorado Resorts gets final OK to take control of two MGM casinos in Reno

    Eldorado Resorts Inc. today received the final blessing of state regulators to take over MGM Resorts International’s ownership of two Reno casinos.
    The Nevada Gaming Commission approved Eldorado Resorts’ purchase of Circus Circus Reno and half of the Silver Legacy, both of which it is acquiring from MGM Resorts. Eldorado Resorts already owns the other half of the Silver Legacy.
    When the sale was first announced in July, Eldorado Resorts said it would pay $72.5 million in cash. The Northern Nevada company owns casinos in Reno, Louisiana, Pennsylvania, Ohio and West Virginia.
    The company already owns the Eldorado Reno casino, which is physically connected to Circus Circus and the Silver Legacy via pedestrian bridges. Owning all three makes Eldorado Resorts the dominant casino company in the region.
    Thomas Reeg, the president of Eldorado Resorts, told commissioners that the Reno gaming market is on the rebound.
    “Reno has been on fire from our standpoint,” he said. “We’re very excited about the timing of when we combine these assets.”
    The company is controlled by members of the Carano family. Gene Carano, the senior vice president of operations, said Eldorado Resorts was proud to bring Circus Circus Reno into its portfolio of properties and plans to invest there.
    In addition to expanding Eldorado Resorts’ business interests in Reno, the deal also advances moves MGM Resorts has made to sell some properties it acquired when its predecessor, MGM Mirage, bought Mandalay Resort Group in 2005. MGM Resorts previously sold the Railroad Pass in Henderson and the Gold Strike in Jean.

    Section: Gaming


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  5. #55  
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    RENO, Nev.--(BUSINESS WIRE)--



    Eldorado Resorts, Inc. (ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it completed the previously announced purchase of MGM Resorts International’s (MGM) 50 percent interest in the Silver Legacy Resort Casino Reno, as well as the assets of Circus Circus Reno, for total consideration of $72.5 million cash plus a working capital adjustment. In addition, ERI repaid the entire outstanding balance of the Silver Legacy credit facility, which amounted to approximately $52.6 million on a net debt basis. The transaction was financed with cash on hand, cash from the escrow account established at the time of the Company’s July financings and borrowings under the Company’s revolving credit facility. As a result, Eldorado has withdrawn its registration statement relating to a proposed common stock offering, the proceeds of which were intended to pay a portion of the purchase price for the Circus Circus Reno and 50% interest in the Silver Legacy joint venture.
    “The addition of Silver Legacy and Circus Circus Reno to our operations is consistent with our strategy to enhance shareholder value by pursuing strategically and economically attractive transactions,” said Gary Carano, Chairman and Chief Executive Officer of Eldorado. “We are very excited to welcome the Silver Legacy and Circus Circus Reno employees to the Eldorado family at a time when the Reno gaming market and the northern Nevada economy is prospering. Our experience integrating the MTR operations and the talent of our operating teams across Reno’s three leading downtown casino resorts will serve us well as we welcome Silver Legacy and Circus Circus Reno into our operating base.”
    Tom Reeg, President of Eldorado, added, “The transaction is immediately accretive to our free cash flow and strengthens our position in the Reno market where gross gaming revenues are up more than 3.5% year-over-year through September. We expect to realize significant cost and revenue synergies with the tri-properties now under common ownership. After careful review of our financing options, we chose to fund the final piece of the transaction with existing revolver capacity, in lieu of an equity offering. Based on the continued strength of our operations, we expect that we will reach our pro forma leverage target of less than five times EBITDA in the first half of 2016.”
    The transaction increases Eldorado’s property portfolio to seven wholly-owned and operated facilities in five markets with a total of approximately 10,230 slot machines and VLTs, approximately 300 table games, approximately 4,850 hotel rooms, approximately 35 dining, bar and entertainment options, three pari-mutuel racing facilities and approximately 8,000 team members.
    The Silver Legacy is a Nevada mining themed hotel-casino and entertainment complex which features an approximately 89,200-square foot gaming floor with 1,302 slot machines, 63 table games, 1,711 hotel rooms, including 141 player suites, eight penthouse suites and seven hospitality suites, a 50,000 square foot convention center, a race and sports book, two fine dining restaurants, a buffet, food court and four casual dining restaurants. Circus Circus Reno is an iconic circus-themed hotel-casino and entertainment complex which features an approximately 56,000-square foot gaming floor with 908 slot machines, 33 table games, 1,571 hotel rooms, including 67 mini suites, four executive suites and four VIP suites, a sportsbook, two fine dining restaurants, a buffet and three casual dining restaurants. Circus Circus Reno also has a Midway featuring a total of 158 games and a full service wedding chapel with reception services for groups of 25 or more. Silver Legacy, Circus Circus Reno and Eldorado Reno are seamlessly connected by a 200-foot skyway corridor.





    More









    About Eldorado Resorts, Inc.
    Eldorado Resorts is a casino entertainment company that owns and operates seven properties in five states, including the Eldorado Resort Casino, the Silver Legacy Resort Casino and Circus Circus in Reno, NV; the Eldorado Resort Casino in Shreveport, LA; Scioto Downs Racino in Columbus, OH; Mountaineer Casino Racetrack & Resort in Chester, WV; and Presque Isle Downs & Casino in Erie, PA. For more information, please visit www.eldoradoresorts.com.
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  6. #56  
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    Nice day today closing @9.79 up 53 cents , almost 5.75%

    Still hearing there should be some good firms initiating coverage with some strong buy recommendations

    Should back over 10 next week, and make a run at 11
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  7. #57  
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    Eldorado Resorts climbed 6%. Investors continued to bid up shares following the casino operator's acquisition of the assets of Circus Circus Reno and the 50% interest in the Silver Legacy Resort Casino Reno venture that MGM Resorts owned. The northern Nevada company is enthusiastic about the prospects for the local economy in the Reno area, and the acquisition further cements Eldorado's presence in Nevada. With other properties in Louisiana, Ohio, West Virginia, and Pennsylvania, Eldorado has benefited from the recent trend toward domestic gaming company stocks. As long as weakness in the Asian gaming capital of Macau holds back performance among the casino industry's giants, stocks like Eldorado could keep seeing interest from those seeking to profit from a strong U.S. economy.http://www.fool.com/investing/genera...mpaign=article
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  8. #58  
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    Eldorado Resorts, Inc. breached its 50 day moving average in a Bullish Manner : November 30, 2015 http://www.capitalcube.com/blog/inde...ember-30-2015/
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  9. #59  
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    ERI will be presenting.





    • Thursday, December 3, 2015 - Thursday, December 3, 2015
      WELLS FARGO 4TH ANNUAL BOSTON GAMING FORUM
      Conference Ends:
      12/3/2015

      Conference:
      Wells Fargo 4th Annual Boston Gaming Forum

      Website:
      https://elink.wellsfargo.com/iconfer...?menuItemId=11

      Host Company:
      Wells Fargo Securities LLC

      Conference Type:
      Investor

      Location:

      • Langham Ho





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  10. #60  
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    Eldorado Resorts: An Evolving Growth Story

    By Jermaine DupreeDecember 1, 2015EconomyNo Comments

    0
    1 0 0


    Summary

    Closing of an immediately accretive acquisition.
    Withdrawing the equity registration.
    Positive restatement of reported net income.
    Potential brokerage recommendations.



    Acquisition:

    On November 24, Eldorado Resorts, Inc. (NASDAQ:ERI) completed the acquisition of MGM’s 50% interest in the Silver Legacy Resort Casino Reno as well as all the assets of the Circus Circus Reno, for total consideration of $72.5 million cash plus a working capital adjustment. The transaction was financed with cash on hand, cash from the escrow account established at the time of ERI’s July financing, and borrowings under the Company’s revolving credit facility.
    The acquisition gives ERI control over nearly 32% of all the Reno market hotel rooms. The Silver Legacy features an approximately 89,200 square foot gaming floor with 1,302 slot machines, 63 table games, 1,711 hotel rooms, and a 50,000 square foot convention center. Circus Circus sports a 56,000 square foot gaming floor with 908 slots, 33 table games, and 1,571 hotel rooms. Silver Legacy, Circus Circus and Eldorado Reno are seamlessly connected by a 200 foot skyway corridor.
    Withdrawal of Equity Registration:

    As a result of using the credit facility to finance the acquisition, also on November 24, ERI withdrew its equity registration. I had mentioned this likelihood in the comments section of a previous ERI article. In looking at the chart below, it appears that some investors sold shares in the anticipation of an equity raise which would have diluted existing shareholders. Now that the registration has been withdrawn, shares have rebounded significantly.
    (click to enlarge)

    Positive Restatement of Net Income:

    On October 26, ERI originally reported net income of $3,334,000 or $0.07 per share for the three months ending September 30, 2015.
    Subsequent to the issuance of the press release, ERI determined that it mis-characterized a portion of the transaction costs associated with the debt refinanced in July. On November 9, ERI filed a Form 8-K/A to correctly restate both its net income and earnings per share to $5,399,000 and $0.12 for the same time period respectively.
    Cost and Revenue Synergies:

    Eldorado mentioned on its last earnings call that it was in the middle of a company-wide $10 million cost reduction project. My contention is there will be much more cost reduction opportunities in the way of duplicative services now with the addition of two new Reno properties. I’m certain head count will be reduced considerably. Revenue synergies could be generated by incentives for cross play.
    Potential Brokerage Recommendations:

    My contention is that brokers were not willing to recommend ERI with a potentially dilutive equity raise still hanging in the balance (prior to the announced financing of the recently closed acquisition). With the equity registration now withdrawn, I believe this removes any obstacle for brokerages to recommend the stock. I would expect recommendations to come in relatively soon with price targets in the $16-18 range with the upside as high as $20.
    Ongoing Challenges:

    Of course, Eldorado is also comprised of some underperforming properties as well. Competition and a newly instituted (July 1, 2015) smoking ban has impacted revenues and profits at Mountaineer in West Virginia. However, Eldorado has taken steps to, at the very least, stem the negative tide by installing an enclosed smoking patio.
    Besides West Virginia taxes gaming revenues at prohibitively high rates between 35-49% whereas Nevada only taxes gaming revenues in the 12% area. Eldorado is growing in Reno, that’s exactly where you want the growth coming from if you are an investor.
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  11. #61  
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    good stuff -- thanks for the updates.
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  12. #62  
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    Ditto. Appreciate your work.

    PS The River Boxset on Friday (and rumored tour!)
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  13. #63  
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    Thanks Steiner -- just noticed WYNN up $4 today - - casino stocks moving up again?
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  14. #64  
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    No problem guys, hopefully we can all cash a nice ticket here .

    They walked the stock down today on very low volume, ( I did buy some more below 9.60)

    then a big block went for 500k shares @9.5.

    14:54:36 $ 9.50 500,000


    http://www.nasdaq.com/symbol/eri/time-sales?pageno=2

    Hopefully it went from bad hands , to good long term ones .



    PS. First saw Bruce on the darkness tour and logged about 75 shows since then ( if I had all that money back I spent on that man over the years, I may not have had to be playing around in these stocks lol )

    Cant wait for a new tour, heard it's gonna be a short one though

    Rave on.
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  15. #65  
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    2015
    RENO Shines… As Vegas Strip Casinos suffer October Revenue Declines




    Maybe there is something to this … “Reno Resurgence”


    By: Howard Stutz
    Reno, saw its gaming revenue jump +6.00% percent in October according to figures released Monday by the

    Nevada Gaming Control Board.
    For the first 10 months of the year… Reno casinos have seen revenue grow +3.60% percent.
    Reno received national focus after Eldorado Resorts completed its buyout of two MGM Resorts casinos last month
    in the market, giving the company ownership of 3 downtown Reno properties.

    Eldorado CEO Gary Carano told state gaming regulators the company wanted to take part in Reno’s economic boom, much of which is attributed

    to construction of the Tesla Motors gigafactory.
    Macquarie Securities gaming analyst Chard Beynon said told investors Reno has experienced “one of the sharpest economic recoveries in the U.S.”

    over the past three years with increasing home prices and improved unemployment levels.
    “We expect Eldorado to become a more well-known name that could result in enhanced shareholder interest and valuation improvement,
    Beynon said.
    Control Board Senior Research Analyst Michael Lawton said Reno visitation was up +9.60% percent in October while casino operators said

    there has been a noticeable uptick in the overall economy.

    Nevada and Las Vegas Strip gaming revenue fell the fourth time in the last five months… Las Vegas Strip Casino revenues fell -5.10% percent in October.

    Analysts blamed the Strip’s troubles on baccarat play, which continues to experience volatility because of the slowdown from the Chinese market.

    REFERENCE LINK:
    http://goo.gl/KqneRm


    —————————————————————




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  16. #66  
    RX Senior brucefan's Avatar
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    Nice upside surprise here



    $ERI Presque Isle gaming revenue up 10.19% in November http://www.prnewswire.com/news-relea...300187584.html






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  17. #67  
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    December 4, 2015US HOUSE -&- SENATE Approve $300 Billion Highway Bill

    Includes Reno-to-Vegas Interstate #11 / Super Highway

    By: Seth A. Richardson, srichardson@rgj.com
    WASHINGTON D.C. — (AP) —

    The US Congress has overwhelmingly approved a 5-year — $305 Billion Dollar Spending Bill — to address the nation’s aging and congested highways

    and bridges after 7 years of stymied efforts.
    The bill was approved 359 -to- 65 in the House …. And 83 -to- 16 in the Senate.
    The Bill now goes to the White House for President Barack Obama’s signature for final authorization of financial appropriations
    Support for the 1,300-page bill was helped by the inclusion of a generous sprinkling of industry favors, parochial projects, safety improvements
    and union demands.
    The bill boosts highway and transit spending and assures states that federal help will be available for major projects.
    It doesn’t include as much money or last as long as many lawmakers and the Obama administration would have liked. Nor does it resolve how to pay for

    transportation programs in the long term.
    Both of Nevada’s senators said they were happy to have a long-term bill head to the president’s desk.
    The FAST Act” provides the certainty our nation needs to plan and invest in infrastructure improvements,” Sen. Dean Heller said in a statement.
    Most importantly, this bill included my provision to… Extend the “New Interstate #11” super-highway through Northern Nevada and RENO

    The Interstate #11 proposal would connect Phoenix with Las Vegas and eventually link into Interstate #80 in northern Nevada… Near RENO
    Sen. Harry Reid said the bill was a big step toward improving infrastructure and creating jobs, and that Interstate #11 proposal would “have a significant impact”
    for the State of Nevada
    “This is an important step toward providing the long-term stability our transportation planners need to transform our nation’s crumbling roads and infrastructure
    and creating hundreds of thousands of jobs,” Reid said in his statement.
    Junior Nevada – State Senator – Heller’s full statement:
    “After years of hard work, I am pleased a five-year highway and transit plan, not a short-term patch, is being sent to the President to become law.

    The FAST Act provides the certainty our nation needs to plan and invest in infrastructure improvements.

    Most importantly, this bill included my provision to extend I-11 through Northern Nevada. Without a doubt, the Nevada delegation has come together

    in a big way over the past year to secure this extension, and I am extremely grateful for all of their support.”
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  18. #68  
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    This is a HUGE Number ….As ELDORADO generates nearly 35.00% of its company wide EBITDA’s from the SCIOTO DOWNS facility

    ===========================================


    12/08/15
    November Revenues are Up


    At Scioto Downs -&- Hollywood Casinos


    By: Evan Weese
    Staff reporter Columbus Business First
    Mild weather & The new Brew Brothers Microbrewery helped

    The Scioto Downs bring in $11.7 million dollars last month
    Scioto Downs, operated by Eldorado Resorts Inc. (NASDAQ:ERI), saw revenue climb up +14.00% percent in November

    to $11.7 million -vs- $10.3 million in the same year ago period, according to a monthly release of gaming revenues

    from the Ohio Lottery Commission.
    Eldorado spokeswoman Ashley Redmon said that the Brew Brothers restaurant and microbrewery opened at the end of October,
    is driving more business -and- The racino is also benefiting from promotions, she said.

    “We have noticed better year-over-year numbers each month, and I think that is due to our database maturing with more new

    players and more frequent players as we continue to provide great promotional value,” she said.
    The full -Scioto Downs Racino – Revenue report is located here => https://www.ohiolottery.com/About/Financial/VLT-Revenue
    Columbus’ other gaming venue Hollywood Casino Columbus also had an increase in revenue for November.
    The Hollywood Casino Columbus reported a +3.00 percent increase in revenue, to $17.3 million, the commission reported.
    With one month left in the year, both of Columbus’ gambling facilities are on pace to outdo 2014.

    Hollywood Casino’s revenue is up about +1.00 percent to $192 million this year….

    While Scioto Downs’ has grown revenues up +5.00% percent to $132 million thus far in 2015
    Across the state’s 7 racinos, which offer horse racing and video slots… but no table games … Revenues are tracking ahead of 2014.

    So too is revenue for Ohio’s four casinos, although totals are down from 2013 when they didn’t face competition from several new racinos

    that had yet to open.
    However… Annual casino revenue is tracking well below estimates put forth before – and after- voters approved legalized gambling back in 2009.

    That has left counties and cities with less tax revenue than expected -and- Now puts the “Columbus Nationwide Arena” in a difficult financial situation.
    REFERENCE LINK:
    http://goo.gl/9k5KhA
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  19. #69  
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    Eldorado Resorts, Inc. (ERI) Files Form 4 Insider Buying : Thomas Reeg Buys 4,300 Shares

    December 10, 2015

    Eldorado Resorts, Inc. (ERI): Thomas Reeg , President of Eldorado Resorts, Inc. purchased 4,300 shares on Dec 10, 2015. The Insider buying transaction was disclosed on Dec 10, 2015 to the Securities and Exchange Commission. The shares were purchased at $10.14 per share for a total value of $43,602.00.
    Eldorado Resorts, Inc. (NASDAQ:ERI) witnessed a decline in the market cap on Wednesday as its shares dropped 0.58% or 0.06 points. After the session commenced at $10.27, the stock reached the higher end at $10.4269 while it hit a low of $9.8101. With the volume soaring to 101,101 shares, the last trade was called at $10.23. The company has a 52-week high of $10.71. The company has a market cap of $475 million and there are 46,444,694 shares in outstanding. The 52-week low of the share price is $3.8.
    Shares of Eldorado Resorts, Inc. rose by 7.91% in the last five trading days and 6.23% for the last 4 weeks. Eldorado Resorts, Inc. is up 11.68% in the last 3-month period. Year-to-Date the stock performance stands at 152.59%.

    Eldorado Resorts, Inc. (NASDAQ:ERI) has seen a shortfall of 5,580 shares or 0.7% in the short interest. The remaining shorts are 3.6% of the total floated shares. The net short interest, as on November 30,2015, stood at 784,860 shares and the stocks days to cover will be 8 by factoring in the average per day volume of 94,625 shares. On November 13,2015, 790,440 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on December 9th.
    The company shares have rallied 154.07% in the past 52 Weeks. On December 7, 2015 The shares registered one year high of $10.71 and one year low was seen on December 29, 2014 at $3.8. The 50-day moving average is $9.47 and the 200 day moving average is recorded at $8.95. S&P 500 has rallied 1.85% during the last 52-weeks.
    Eldorado7011 Resorts LLC owns and operates hotel casinos and resorts. It manages Eldorado Hotel & Casino that provides gaming, dinning and entertainment services. Its gaming features table games, slots and poker. http://www.insidertradingreport.org/...hares/6198897/
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  20. #70  
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    Eldorado Resorts Inc (ERI) Director Buys $96,600.00 in Stock

    Posted by Stephan Byrd on Dec 17th, 2015 // No Comments






    Eldorado Resorts Inc (NASDAQ:ERI) Director James B. Hawkins acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 15th. The stock was purchased at an average cost of $9.66 per share, with a total value of $96,600.00. Following the completion of the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $386,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
    Shares of Eldorado Resorts Inc (NASDAQ:ERI) opened at 9.88 on Thursday. The company’s 50-day moving average price is $9.62 and its 200-day moving average price is $9.01. The stock’s market cap is $458.87 million. Eldorado Resorts Inc has a 52-week low of $3.80 and a 52-week high of $10.71.
    Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings data on Monday, October 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.04. The company earned $183.50 million during the quarter, compared to analyst estimates of $185.63 million. Analysts expect that Eldorado Resorts Inc will post $0.06 earnings per share for the current year.

    Eldorado Resorts has also recently sent out the following press releases recently:


    Eldorado Resorts, Inc. (NASDAQ:ERI) is a casino entertainment company. The Company’s principal operating activities include owning and operating gaming facilities in three geographic regions, which include Reno, Shreveport and the eastern states. The Company operates through three businesssegments: Eldorado Shreveport, Eldorado Reno and MTR Gaming. The Company conducts its operations through its wholly owned subsidiaries, MTR Gaming Group, Inc. (MTR Gaming) and Eldorado Holdco LLC (HoldCo). The Company’s indirect wholly owned subsidiary is Eldorado Resorts LLC (Resorts). Resorts owns and operates Eldorado Shreveport, a hotel and riverboat gaming complex in Shreveport, Louisiana and the Eldorado Reno, a hotel, casino and entertainment facility in Reno, Nevada. MTR Gaming operates as a hospitality and gaming company with racetrack, gaming and hotel properties in West Virginia, Pennsylvania and Ohio.




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  21. #71  
    RX Senior brucefan's Avatar
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    ELDORADO’s wholly owned subsidiary .. The Mountaineer Casino in West Virginia …
    Announced last week that they are selling.. (1,300 Acres) .. of excess real estate the casino has owned for more than a decade
    in Hancock County, West Virginia
    In the article that is attached .. (BELOW) …
    It appears that the State of West Virginia Government may decide to grant this ELDORADO owned acreage
    with “ECONOMIC TAX INCENTIVES” in order to spur new business development in the area …
    Such an event would certainly make the land more valuable -&- increase the lands total value
    Using some conservative MATH …..

    At $10,000 in value … per / 1,300 ACRES
    That would be worth – $13 Million – in Value => Directly: To ELDORADO RESORTS – (ERI)
    At $20,000 in value … per / 1,300 ACRES
    That would be worth – $26 Million – in Value => Directly: To ELDORADO RESORTS – (ERI)


    The property is very attractive … As the it is attached to :

    1) The Ohio River
    2) A Major US Railway System -via- The Baltimore / Ohio Railway
    3) Highway – US ROUTE #2


    =======================================================
    Dec 14, 2015

    Mountaineer Race Track & Casino chooses former CEO

    To market 1,300 Acres in Hancock County, West Virginia

    Business Leaders


    Ted Arneault
    By: Linda Harris, Legal Reporter
    Ted Arneault, former chairman and chief executive officer at Mountaineer Race Track & Casino, is now in charge of marketing

    the company’s surplus property in northern Hancock County.
    MTR has 1,300 acres of prime properties in and around Route #2 north of New Cumberland, WV available

    for commercial and industrial development, Arneault said in a release.
    Arneault said he’ll work with local municipalities, Hancock County and state officials as well as private investors to bring business

    and industry to the area, adding availability of the acreage for economic development “bodes well for Hancock County’s future.”
    He said they’ve already put together a “best use” plan for the property to ensure mixed development that will provide the area

    “with maximum diversity and growth.”
    “All of the acreage is developable, however, from a best use application each parcel has factors that make it more suitable to either

    light industrial, retail, professional offices and other uses,” Arneault said.

    “Based on our analysis of the Ohio Valley and recent emerging markets, we believe Hancock County markets to be energy, natural

    resource treatment and refinement, transportation of and storage for these resources.”
    Arneault said he’s already been contacted by companies interested in the Ohio Valley, particularly those servicing or supplying

    the natural gas processing industry and other companies.
    He said the acreage is environmentally compliant and already has access to water, so there are no brown-fields to contend with

    and immediate development is possible, which he sees as an advantage.
    A 6-acre site north of the Holiday Inn in Newell was purchased by CHANGE Inc. to construct a family medical clinic, women’s health center

    and outreach center for the non-profit’s Community Action services.
    “Every resident of Hancock County has a vested interest in the development of this property,” Arneault said, pointing out state and county

    officials have frequently cited the lack of available property as a major impediment to Hancock County’s growth, particularly in the northern

    end of the county.

    “This development is vital not only to the tax base of our municipalities and our county, but to the ability to provide jobs for our youth to stop

    the out migration that is occurring.”
    Arneault said he will meet with the Hancock County Commissioners, local town and city councils, the Business Development Corporation and

    state officials over the next few months to “detail plans, share the maps and seek input from all involved.”


    REFERENCE LINK:

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  22. #72  
    RX Senior Steiner69eR's Avatar
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    Thanks for the updates, as per usual.

    Have you had a chance to watch The Ties That Bind? Some great acoustic solo work in there including Two Hearts, The River, Independence Day, and a chilling Point Blank, among others. Good stuff.
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  23. #73  
    RX Senior brucefan's Avatar
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    Yes, loved it . Have a pair for Sunrise in Feb . Bruce looks great and apparently, still has some rock and roll left in him. Chose a rock show over a solo tour
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  24. #74  
    RX Senior brucefan's Avatar
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    NIGHTLY BUSINESS REPORT
    CHANNEL #5 – RENO, NEVADA

    ELDORADO RESORTS – CEO – GARY CARANO

    INTERVIEWED on NEVADA’s – NIGHTLY BUSINESS REPORT

    Eldorado Resorts -CEO- GARY CARANO
    Earlier this month KNPB’s senior business news analyst Jon Ralston sat down to interview the – CEO – of ELDORADO RESORTS.. GARY CARANO


    This interview came on the heels of Eldorado Resorts buying up roughly 35.00% percent of all the available hotel rooms in the city of RENO…

    After ELDORADO closed on their recent acquisition of the Circus Circus Casino -&- Silver Legacy Casino operations from MGM Grand Casinos
    You can clearly hear GARY CARANO, tell the ELDORADO RESORTS story… As well as the enthusiasm he has for the city

    of RENO’s economic future


    QUOTE : GARY CARANO – CEO – of ELDORADO RESORTSWe are right now at just the beginning stages of a wave of economic growth and development and more is coming …

    The region is in the midst of an economic boom .. As RENO is now on an economic roll the likes of which we have never

    seen before in my lifetime … We have seen the bottom in RENO and the worst is clearly behind us”


    The interview with Gary Carano … Begins at the 4:10 mark … in the attached VIDEO ..
    VIDEO – REFERENCE LINK:
    http://goo.gl/iF1fJO
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  25. #75  
    RX Senior brucefan's Avatar
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    20 here we come

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