$ERI News

Last published 5y ago

5y agoERIEldorado Resorts (ERI) Q1 2021 Earnings Call TranscriptEarnings Call TranscriptsERI earnings call for the period ending March 31, 2021.
5y agoERIEldorado Resorts (ERI) Q4 2020 Earnings Call TranscriptEarnings Call TranscriptsERI earnings call for the period ending December 31, 2020.
6y agoERI CZRCaesars’ $17 Billion Sale Saved by Bettors Racing Back to TablesBloombergEager U.S. gamblers returning quickly to casinos after the Covid-19 lockdown helped Eldorado Resorts Inc. sell almost $8.8 billion in debt and stock needed to complete its takeover of Caesars Entertainment Corp.
6y agoCZR ERIEldorado Completes Caesars Deal, Becoming New Casino PowerhouseBloombergEldorado Resorts Inc. completed its $17 billion acquisition of Caesars Entertainment Corp., navigating a series of hurdles, including the global pandemic, to create a new powerhouse in the casino industry.
6y agoERI CZREldorado Resorts Secures Approval From New Jersey Casino Control Commission in Connection With Its Pending Acquisition of Caesars EntertainmentBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced that at a meeting today, the Company received approval from the New Jersey Casino Control Commission in connection with its pending acquisition of Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”), subject to applicable conditions. Eldorado and Caesars have received all required regu ...
6y agoERI CZREldorado Resorts and Caesars Entertainment Announce Preliminary Results of Elections Made by Caesars Stockholders in Connection With the Proposed MergerBusiness WireRENO & LAS VEGAS, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) and Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars” or “Caesars Entertainment”) today announced the preliminary results of the elections made by Caesars stockholders as to the form of consideration they wish to receive in connection with the previously announced merger (the “Merge ...
6y agoERI CZR PENN MGMThe Pandemic Proof Industry Wall Street Can't IgnorePR NewswireWelcome to the global sports betting industry, where merger mania is creating resilient gaming powerhouses. And as sportsbooks are still pulling in...
6y agoMRNA UNH GS GOOGL+11Stocks making the biggest moves in the premarket: Moderna, UnitedHealth, Goldman Sachs & moreCNBCThe stocks making the biggest moves in premarket trading include Moderna, UnitedHealth, Goldman Sachs, and more.
6y agoERI CZREldorado Resorts Secures Approval From Indiana Horse Racing Commission in Connection With Its Pending Acquisition of Caesars EntertainmentBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced that at a meeting today, the Company received approval from the Indiana Horse Racing Commission in connection with its pending acquisition of Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”), subject to applicable conditions.
6y agoERI CZREldorado Resorts Secures Approval from Indiana Gaming Commission in Connection with Its Pending Acquisition of Caesars EntertainmentBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced that at a meeting today, the Company received approval from the Indiana Gaming Commission in connection with its pending acquisition of Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”), subject to applicable conditions.
6y agoERI CZREldorado Resorts and Caesars Entertainment Announce Election Deadline for Caesars Stockholders to Elect Merger ConsiderationBusiness WireRENO & LAS VEGAS, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) and Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars” or “Caesars Entertainment”) today announced that, in connection with the previously announced merger (the “Merger”) of Caesars with a subsidiary of Eldorado, the deadline for Caesars stockholders to elect the form of merger consi ...
6y agoERI CZREldorado Resorts Secures Approval From Nevada Gaming Control Board and Nevada Gaming Commission in Connection With Its Pending Acquisition of Caesars EntertainmentBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced that at a meeting today, the Company received approval from the Nevada Gaming Control Board and the Nevada Gaming Commission in connection with its pending acquisition of Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”), subject to customary conditions.
6y agoERI TRWHEldorado Resorts Completes Divestiture of Isle of Capri Casino Kansas City and Lady Luck Casino Vicksburg to Twin River for $230 Million in CashBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it completed its previously announced transaction to divest Isle of Capri Casino Kansas City and Lady Luck Casino Vicksburg to Twin River Worldwide Holdings, Inc. (NYSE: TRWH) for $230 million in cash subject to working capital adjustments.
6y agoERIEldorado Resorts Announces Reopening Dates for Grand Victoria Casino Elgin and Tropicana Atlantic CityBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) today announced the planned resumption of operations at Grand Victoria Casino Elgin in Illinois on Wednesday, July 1, and Tropicana Atlantic City in New Jersey on Thursday, July 2, pending receipt of final regulatory approvals.
6y agoERI CZREldorado Resorts Announces FTC Clearance for Pending Merger With CaesarsBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “Eldorado Resorts” or the “Company”) announced today that the Federal Trade Commission (the “FTC”) has accepted a proposed consent order, which concludes the FTC’s Hart-Scott-Rodino review of Eldorado’s pending merger (the “Merger”) with Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”). The FTC’s acceptance o ...
6y agoCZR ERIEldorado Wins U.S. Antitrust Approval for Caesars DealBloombergEldorado Resorts Inc. won U.S. antitrust approval for its $17 billion bid to purchase Caesars Entertainment Corp., putting the two companies one step closer to completing their merger.
6y agoINSG AGEN ERI AZN-GB+2Cramer's lightning round: Two thumbs up for AstraZenecaCNBC"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
6y agoERIEldorado Resorts Announces Pricing of the Offerings of $3,400 Million of 6.250% ERI Senior Secured Notes, $1,800 Million of 8.125% ERI Senior Notes and $1,000 Million of 5.750% CRC Senior Secured NotesBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (Nasdaq: ERI) (“Eldorado” or the “Company”) today announced that its wholly-owned subsidiary Colt Merger Sub, Inc. (the “Escrow Issuer”), has priced its previously announced offering of $3,400.0 million aggregate principal amount of 6.250% senior secured notes due 2025 (the “ERI Senior Secured Notes”) (the principal amount of the offering of the ...
6y agoERIEldorado Resorts Announces Underwriters Exercise Greenshoe OptionBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (Nasdaq: ERI) (“Eldorado” or the “Company”) today announced the underwriters of the Company’s recently completed public offering of common stock have exercised their option to acquire an additional 2,700,000 shares of common stock. The Company now estimates that the net proceeds from the offering, after deducting the underwriting discounts and co ...
6y agoERIEldorado Resorts Announces Proposed Offerings of ERI Senior Secured Notes, ERI Senior Notes and CRC Senior Secured NotesBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (Nasdaq: ERI) (“Eldorado” or the “Company”) today announced that Colt Merger Sub, Inc. (the “Escrow Issuer”), a wholly owned subsidiary of Eldorado, intends to offer, subject to market and other conditions, $3,080.0 million aggregate principal amount of senior secured notes due 2025 (the “ERI Senior Secured Notes”), $1,875.0 million aggregate pri ...
6y agoERIEldorado Resorts Announces Pricing of Public Offering of Common StockBusiness WireRENO, Nev.--(BUSINESS WIRE)--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 publi ...
6y agoERI CZR WYNN VICIEldorado and Caesars' cost cutting is boosting profits at regional casinos as merger close nearsCNBCEldorado and Caesars have released documents estimating the financial performance of their regional casino properties since reopening. Because of aggressive cost-management, they have been able to improve margins by 1,000-1,200 basis points, year over year — improving EBITDA in spite of flat or lagging revenues, compared to the same period year over year. It's an ongoing theme for the casino indus ...
6y agoTECD APO CZR ERI+1JPMorgan, Credit Suisse Ready $7.2 Billion Debt Sale for CasinosBloombergA group of banks led by JPMorgan Chase & Co. and Credit Suisse Group AG is readying a $7.2 billion debt offering to finance Eldorado Resorts Inc.’s acquisition of Caesars Entertainment Corp., according to people familiar with the matter.
6y agoJPM GLPI CZR ERIEldorado Plans Sale of Stock, Vegas Land With Caesars Deal NearBloombergEldorado Resorts Inc. said it plans to issue new shares, sell some Las Vegas real estate and take other steps to strengthen its finances ahead of a $17 billion merger of Caesars Entertainment Corp.
6y agoLEN NKLAW DOCU UAL+6Stocks making the biggest moves after hours: Lennar, Nikola, DocuSign and moreCNBCCheck out the companies making headlines after the bell.
6y agoGLPI ERIGaming and Leisure Properties and Eldorado Resorts Enter Into Agreement for Mutually Beneficial Lease ModificationsGlobeNewswireWYOMISSING, 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...
6y agoERI VICI CZREldorado 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 StripBusiness WireRENO, Nev.--(BUSINESS WIRE)--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. The 5 year mortgage will bear interest at a rate of 7.7% subject to a 2% ann ...
6y agoERIEldorado Resorts Announces Public Offering of Common StockBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” or “the Company”) today announced that it has commenced an underwritten public offering of 18,000,000 shares of common stock of the Company (the “Offering”).
6y agoERI CZR MS KKRWall Street Puts Guardrails on LBO Deals After Crisis MarkdownsBloombergBankers who finance leveraged buyouts are helping private equity firms tiptoe back to the credit markets. But they’re not buying into the recent euphoria.
6y agoERIEldorado Resorts Announces Reopening Dates for Five Properties in Florida, Indiana, Colorado and OhioBusiness WireRENO, Nev.--(BUSINESS WIRE)--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.
6y agoERI SGMS DKNG WYNNSupport for Sport Betting Infrastructure Continues to Grow in North AmericaPR NewswireAs the legal infrastructure becomes more friendly towards sports betting, specifically in the online space, many companies in the gambling industry...
6y agoERIEldorado Resorts to Reopen Five Nevada Casinos TodayBusiness WireRENO, Nev.--(BUSINESS WIRE)--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. With today’s reopenings in Nevada, 16 of Eldorado’s 23 casino ent ...
6y agoCZR MGM ERI FDXProtests may derail what was expected to be a strong reopening for Las Vegas casinosCNBCLas Vegas is getting ready to launch a "Welcome Back" ad campaign to encourage visitors to come. But now guests will have to weigh not only the risks of coronavirus but also of civil unrest.
6y agoERIEldorado Resorts to Reopen Three Missouri Casinos and Two Iowa Casinos TodayBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced that it will resume operations at Isle of Capri Casino Hotel Boonville, Isle of Capri Casino Kansas City and Lumière Place Casino & Hotels in Missouri and at Isle Casino Hotel Bettendorf and Isle Casino Hotel Waterloo in Iowa today, Monday, June 1, 2020. With today’s reopenings in Miss ...
6y agoERIEldorado Resorts to Reopen Three Mississippi Casinos at 10:00 AM CDT TodayBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced that it will resume operations at Isle of Capri Casino Hotel Lula, Lady Luck Casino Vicksburg and Tropicana Casino Greenville at 10:00 AM CDT today, Thursday, May 21, 2020.
6y agoERIEldorado Resorts to Reopen Three Louisiana Casinos at Noon CT TodayBusiness WireRENO, Nev.--(BUSINESS WIRE)--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.
6y agoGRUB UBER NVAX SPG+9Stocks making the biggest moves midday: Grubhub, Casper Sleep, BlackRock, Datadog and moreCNBCThese are the stocks posting the largest moves in midday trading.
6y agoGDI SWK TSLA NVAX+13Stocks making the biggest moves in the premarket: Casper Sleep, Tesla, Eventbrite, Hertz & moreCNBCThe stocks making the biggest moves in premarket trading include Casper Sleep, Tesla, Eventbrite, Hertz, and more.
6y agoERIEldorado Resorts' (ERI) CEO Tom Reeg on Q1 2020 Results - Earnings Call TranscriptEarnings Call Transcripts
6y agoNVAX TLRY CZR ERI+3Stocks making the biggest moves after hours: Novavax, Tilray, Eventbrite and moreCNBCCheck out the companies making headlines after the bell.
6y agoERIEldorado Resorts Reports First Quarter 2020 ResultsBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) today reported operating results for the first quarter ended March 31, 2020.
6y agoERIATTENTION ELDORADO RESORTS EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Eldorado Stock held with Full-Service Brokerage Firms During Coronavirus PandemicBusiness WireRENO, Nev.--(BUSINESS WIRE)--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 recent losses were the result of unsu ...
6y agoERI TRWHEldorado Resorts Enters Into Definitive Agreement to Divest the Eldorado Shreveport Resort and Casino and the MontBleu Resort Casino to Twin River for $155 Million in CashBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it entered into a definitive agreement to sell the Eldorado Shreveport Resort and Casino in Shreveport, Louisiana and the MontBleu Resort Casino & Spa in Lake Tahoe, Nevada to Twin River Worldwide Holdings, Inc. (NYSE: TRWH) for $155 million in cash, subject to a working cap ...
6y agoERIEldorado Resorts to Report 2020 First Quarter Results, Host Conference Call and Webcast on May 11Business WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced today that it will report its 2020 first quarter financial results after the market closes on Monday, May 11, 2020. The Company will host a conference call and webcast at 5:30 p.m. ET on Monday, May 11, 2020 to review the results.
6y agoCZR ERICaesars-Eldorado merger moving forwardCNBCThe $17.3 billion deal between Caesars Entertainment and Eldorado Resorts is moving forward, according to sources. The merger, which was expected to close in April, is now expected to close in June.
6y agoJNJ ERI CZR REGN+10Stocks making the biggest moves midday: Johnson & Johnson, Eldorado Resorts, Regeneron & moreCNBCJohnson & Johnson announced it has a coronavirus vaccine candidate, noting that human testing on the medication will begin in September.
6y agoJNJ CALM SAN-FR REGN+13Stocks making the biggest moves in the premarket: J&J, Sanofi, Regeneron, La-Z-Boy, Apple & moreCNBCThe stocks making the biggest moves in premarket trading include J&J, Sanofi, Regeneron, La-Z-Boy, Apple, and more.
6y agoAMZN FB GOOGL UBER+13A Guide to Who’s Seeking Stimulus, From Manufacturers to CasinosBloombergPresident Donald Trump’s signature has barely dried on the historic $2 trillion stimulus bill and a broad range of U.S. industries are scrambling to get access to much needed cash and other assistance.
6y agoCZR ERI MGM MGP+2Citi-Led Group Stuck With Billions of Debt as MGM Offering FailsBloombergCitigroup Inc. and Deutsche Bank AG are among lenders stuck with billions of dollars of debt backed by MGM Grand and Mandalay Bay properties in Las Vegas, with the coronavirus pandemic’s impact on casinos hampering the banks’ ability to syndicate the loan.
6y agoERIEldorado Resorts to Temporarily Suspend Operations at Isle Casino Racing Pompano, FloridaBusiness WireRENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it will temporarily suspend operations at Isle Casino Racing Pompano, Florida at 6PM EDT on March 18, 2020.