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.
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.
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.
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
—————————————————————
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
—————————————————————
Nice upside surprise here
:aktion033
$ERI Presque Isle gaming revenue up 10.19% in November http://www.prnewswire.com/news-rele...venue-increases-22-in-november-300187584.html …
:aktion033
$ERI Presque Isle gaming revenue up 10.19% in November http://www.prnewswire.com/news-rele...venue-increases-22-in-november-300187584.html …
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
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.”
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
===========================================
November Revenues are Up
At Scioto Downs -&- Hollywood Casinos
By: Evan Weese
Staff reporter Columbus Business First
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
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...-buying-thomas-reeg-buys-4300-shares/6198897/
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...-buying-thomas-reeg-buys-4300-shares/6198897/
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:
segments: 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.
«
Posted by Stephan Byrd on Dec 17th, 2015 // No Comments
Eldorado Resorts Inc (NASDAQ:ERI) Director
Shares of Eldorado Resorts Inc (NASDAQ:ERI) opened at 9.88 on Thursday. The company’s
Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings data
Eldorado Resorts has also recently sent out the following press releases recently:
- Eldorado Resorts Completes Acquisition of MGM’s 50 Percent Interest in Silver Legacy Resort Casino Reno and All Assets of Circus Circus Reno Accretive Transaction Further Expands Eldorado’s Gaming Operations to Seven Properties in Five Mark
- Origins of Technical Movement, Pricing Tomorrow – Research on Pozen, Coeur Mining, Internap, and Eldorado Resorts
- Market Data on Movers and Shakers – Research on Cerus, Eldorado Resorts, Shoe Carnival and Pacific Premier Bancorp
- Equities Lead Investor Sentiment – Research on Beazer Homes USA, Quotient Technology, Eldorado Resorts and Shoe Carnival
- Eldorado Resorts Reports Third Quarter Net Revenue of $183.5 Million and Adjusted EBITDA of $36.1 Million
- Eldorado Resorts and Vista Host, Inc. Establish Joint Venture to Develop Hotel at Scioto Downs Racino in Columbus, OH
«
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:
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
=======================================================
Mountaineer Race Track & Casino chooses former CEO
To market 1,300 Acres in Hancock County, West Virginia
Business Leaders
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:
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 RESORTS “We 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
ELDORADO RESORTS – CEO – GARY CARANO
INTERVIEWED on NEVADA’s – NIGHTLY BUSINESS REPORT
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 RESORTS “We 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
ELDORADO is Completely “SOLD OUT” of Rooms until January 2nd
By Jermaine DupreeDecember 31, 2015EconomyNo Comments
0 1 0 0
$11.10 ==> SVP of Casino Marketing tells FOX NEWS … ELDORADO is Completely “SOLD OUT” of Rooms until January 2nd
RENO – NEVADA Holiday Weekend helps Local Economy
Rick Murdock – SVP – of Casino Marketing for The Eldorado Reno was interviewed for a
local morning news show – Reno – FOX #11
He tells FOX #11 News … Snow is driving increased tourism
Weather is helping the local Reno economy and the Eldorado Hotel in Reno particularly..
The Eldorado Hotel is completely “SOLD OUT” of Hotel Rooms through January 2nd
Snow drives tourists to the area to ski the local mountains by day … and then drives those skiers
to Downtown Reno in the evening hours to enjoy our night-life .. Its symbiotic
VIDEO – REFERENCE LINK :
http://goo.gl/h4zvJm
Also Important to – NOTE:
The Eldorado Reno is getting a => 2.5X times / higher room rate… The entire week after Christmas
VIDEO – REFERENCE LINK :
https://www.eldoradoreno.com/cgi-bin/lansaweb?procfun+rn+resnet+ren+funcparms+UP%28A2560%29:;WEB02;123015;04;01;00;010;?
By Jermaine DupreeDecember 31, 2015EconomyNo Comments
0 1 0 0
$11.10 ==> SVP of Casino Marketing tells FOX NEWS … ELDORADO is Completely “SOLD OUT” of Rooms until January 2nd
RENO – NEVADA Holiday Weekend helps Local Economy
Rick Murdock – SVP – of Casino Marketing for The Eldorado Reno was interviewed for a
local morning news show – Reno – FOX #11
He tells FOX #11 News … Snow is driving increased tourism
Weather is helping the local Reno economy and the Eldorado Hotel in Reno particularly..
The Eldorado Hotel is completely “SOLD OUT” of Hotel Rooms through January 2nd
Snow drives tourists to the area to ski the local mountains by day … and then drives those skiers
to Downtown Reno in the evening hours to enjoy our night-life .. Its symbiotic
VIDEO – REFERENCE LINK :
http://goo.gl/h4zvJm
Also Important to – NOTE:
The Eldorado Reno is getting a => 2.5X times / higher room rate… The entire week after Christmas
VIDEO – REFERENCE LINK :
https://www.eldoradoreno.com/cgi-bin/lansaweb?procfun+rn+resnet+ren+funcparms+UP%28A2560%29:;WEB02;123015;04;01;00;010;?
By Howard Stutz
Las Vegas ***************
Maybe there is something to this Reno resurgence.
Nevada and Strip gaming revenue fell during October, the fourth time in the last five months that the results showed declining numbers, according to figures released Monday by the Gaming Control Board.
However, Northern Nevada's casino market increased during the same time period.
Reno, which is part of Washoe County along with casinos in Sparks and North Lake Tahoe, saw its gaming revenue jump about 6 percent in October to $50 million. For the first 10 months of the year, Washoe County gaming revenue is up 3.5 percent. Reno casinos have seen revenue grow 3.6 percent.
Reno received national focus after Eldorado Resorts completed its buyout last month of MGM Resort International's casinos in the market, giving the company ownership of three downtown 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 9.6 percent in October while casino operators said there has been a noticeable uptick in the overall economy.
Meanwhile, Strip results headed in the opposite direction. Revenue fell 5.1 percent to $493.6 million in October. Statewide, gaming revenue declined 2.9 percent to $887.6 million. For the first 10 months of 2015, gaming revenue is down 1.8 percent on the Strip and is flat statewide.
Analysts blamed the Strip's troubles on baccarat play, which continues to experience volatility because of the slowdown from the Chinese market.
Baccarat revenue decline 19.2 percent to $78.3 million while the amount wagered on the game was down 8.6 percent to $882 million. For the first 10 months of the year, baccarat revenue is down 17.7 percent and wagering is off 14 percent compared with 2014.
"Soft baccarat play continues to negatively impact Strip gross gaming revenue performance," said Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski.
He said the baccarat declines hurts just a few companies, notably MGM, Wynn Resorts Ltd., and Las Vegas Sands Corp.
"This drag should moderate given mostly easing baccarat growth comparisons." said J.P. Morgan gaming analyst Joe Greff.
Table game revenue on the Strip — not including baccarat — fell 4.7 percent, although wagering on table games — excluding baccarat — grew 2.7 percent. Strip slot machine revenue was flat as wagering declined 1.4 percent.
Deutsche Bank gaming analyst Carlo Santarelli said October ended on a Saturday, which skewed revenue accounting for the month and "is likely to benefit November."
Clark County as a whole saw gaming revenue fall 4 percent, which included declines of 6.5 percent downtown and 4 percent dip in North Las Vegas.
Sports wagering was a bright spot, however, with October providing the second largest single-month of betting ever recorded. Gamblers wagered $504.6 million statewide on sports in October, which included $397.8 million on football. Casinos collected revenue of $33.6 million from sports betting, an increase of 21.8 percent compared to a year ago.
Nevada collected $52.3 million in gaming taxes during November, based on October's gaming revenue, a decline of 21.7 percent during the month. For the first five months of the fiscal year, gaming tax collections are down 4.4 percent.
Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Find @howardstutz on Twitter.
Las Vegas ***************
Maybe there is something to this Reno resurgence.
Nevada and Strip gaming revenue fell during October, the fourth time in the last five months that the results showed declining numbers, according to figures released Monday by the Gaming Control Board.
However, Northern Nevada's casino market increased during the same time period.
Reno, which is part of Washoe County along with casinos in Sparks and North Lake Tahoe, saw its gaming revenue jump about 6 percent in October to $50 million. For the first 10 months of the year, Washoe County gaming revenue is up 3.5 percent. Reno casinos have seen revenue grow 3.6 percent.
Reno received national focus after Eldorado Resorts completed its buyout last month of MGM Resort International's casinos in the market, giving the company ownership of three downtown 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 9.6 percent in October while casino operators said there has been a noticeable uptick in the overall economy.
Meanwhile, Strip results headed in the opposite direction. Revenue fell 5.1 percent to $493.6 million in October. Statewide, gaming revenue declined 2.9 percent to $887.6 million. For the first 10 months of 2015, gaming revenue is down 1.8 percent on the Strip and is flat statewide.
Analysts blamed the Strip's troubles on baccarat play, which continues to experience volatility because of the slowdown from the Chinese market.
Baccarat revenue decline 19.2 percent to $78.3 million while the amount wagered on the game was down 8.6 percent to $882 million. For the first 10 months of the year, baccarat revenue is down 17.7 percent and wagering is off 14 percent compared with 2014.
"Soft baccarat play continues to negatively impact Strip gross gaming revenue performance," said Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski.
He said the baccarat declines hurts just a few companies, notably MGM, Wynn Resorts Ltd., and Las Vegas Sands Corp.
"This drag should moderate given mostly easing baccarat growth comparisons." said J.P. Morgan gaming analyst Joe Greff.
Table game revenue on the Strip — not including baccarat — fell 4.7 percent, although wagering on table games — excluding baccarat — grew 2.7 percent. Strip slot machine revenue was flat as wagering declined 1.4 percent.
Deutsche Bank gaming analyst Carlo Santarelli said October ended on a Saturday, which skewed revenue accounting for the month and "is likely to benefit November."
Clark County as a whole saw gaming revenue fall 4 percent, which included declines of 6.5 percent downtown and 4 percent dip in North Las Vegas.
Sports wagering was a bright spot, however, with October providing the second largest single-month of betting ever recorded. Gamblers wagered $504.6 million statewide on sports in October, which included $397.8 million on football. Casinos collected revenue of $33.6 million from sports betting, an increase of 21.8 percent compared to a year ago.
Nevada collected $52.3 million in gaming taxes during November, based on October's gaming revenue, a decline of 21.7 percent during the month. For the first five months of the fiscal year, gaming tax collections are down 4.4 percent.
Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Find @howardstutz on Twitter.
