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Eldorado Resorts - Get Report and Caesars Entertainment - … (Michael Quine/Las Vegas Review-Journal)Sisolak: Bars in four counties to stay closed - VIDEOGov. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.The general market concern is that the coronavirus will hurt travel and hospitality demand, and that's led to the sell-off. Net revenues were down 42 percent for the period between reopening and June 30, compared to the prior year period. It said Feb. 20 that the Mississippi Gaming Commission cleared the Caesars deal. Retirement The winner of the 2020 presidential election. Eldorado Resorts Inc. confirmed it will sell the Horseshoe Casino in Hammond to a new operator by the end of the year as part of its acquisition of Horseshoe parent

“It has become clear that we must take this extreme action to help contain the virus and protect the safety and well-being of our team members and guests,” Caesars CEO Tony Rodio said then in a statement .Eldorado shares have given up 76% in the past month, and Caesars shares have dropped 48%. Operating income for that period increased between 125 and 135 percent.Meanwhile, revenues at its reopened Nevada properties and Harrah’s New Orleans were down between 43 and 45 percent for the period between resuming operations and June 30, compared to the previous year. (Las Vegas Review-Journal)Frank Fertitta III, chairman and CEO of Red Rock Resorts, said the company doesn't know if or when the Palms or three other Station Casinos properties will reopen. An Eldorado spokesman said that even in a bad scenario there are levels of protection.Eldorado as part of the financing will have a $2 billion revolving line of credit. - VideoWhenever experts begin comparing gaming jurisdictions, you’re bound to hear the phrase “gold standard” dropped in the conversation. Standard General Hedge Fund Owner Bullish on Casinos Amid Coronavirus Pandemic. (Las Vegas Review-Journal)Hockey arena opponents erred in ballot initiative - VideoOpponents of a minor league hockey arena in Henderson collected enough verified signatures to put the disputed project on the November ballot, but then a problem emerged: A procedural error on the petition.Rj Business reporter Eli Segall talks about the lawsuit and the future of the unfinished hotel and casino.Governor Steve Sisolak announced on Wednesday a mandate to wear face masks starting Friday. Silver Legacy is located in the center of the action with easy access to Eldorado and Circus Circus Reno. The pandemic forced Eldorado, Caesars and the others to shut their facilities' doors, decimating their revenue.© 2020 TheStreet, Inc. All rights reserved. That was only a few days after Google scrapped a company sales and marketing event that was slated for Las Vegas in late March.“Google started a tsunami,” a top rival casino executive said.Indeed, gamblers can now place bets through PokerShares over whether the World Series of Poker Tournament — running from May 26 through July 15 at Caesars — will be canceled.“My sense is you will have massive cancellations,” the rival casino executive said, referring to all Strip casinos.Room rates on the Las Vegas Strip were down last week by 20 to 30 percent, according to a Thursday analyst report by SunTrust Robinson Humphrey. Because of the coronavirus, regulators in New Jersey and other states are postponing meetings to discuss the Eldorado/Caesars deal and that’s bad news for both companies. Posted on: July 28, 2020, 01:14h. Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. "For additional information regarding COVID-19 updates, please visit my website at www.amodei.house.gov, or call my Washington office at (202) 225-6155, my Reno office at … Stock Market

Personal Finance Shares of casino company Eldorado Resorts fell as much as 11.8% in trading Tuesday as coronavirus concerns hit the casino industry. Tom Reeg, the soon-to-be head of Caesars Entertainment, has been...

See you at the top! Now, however, many insiders wonder whether his wager against the coronavirus will be his last.“We experienced in 2009 that the world can do some pretty strange things,” a former Caesars executive who weathered the company’s previous bankruptcy told The Post. Returns as of 08/10/2020. With these reopenings in the state, 16 of the company’s 23 casino entertainment facilities have resumed operations following their closures in March to halt the spread of the coronavirus. (James Schaeffer / Las Vegas Review-Journal) Overall, the findings show that regional properties fared far better than those in destination markets.By March 31, both companies had temporarily closed down all of their domestic operations due to the COVID-19 pandemic. Down on the Las Vegas Strip tourists reacted on camera to the news. Stock Advisor launched in February of 2002. And the outlook for syndication is iffy: The value of a $4.7 billion Caesars loan, which matures in late 2024, had dipped to 90 cents on the dollar earlier this week, according to TreppWire, which suggests investors are questioning the company’s ability to repay existing loans.On Tuesday, the inevitability of the deal sank in further as Eldorado announced it has entered into an agreement to sell the Montbleu Resort Casino & Spa in Lake Tahoe, clearing the way for the Nevada Gaming Commission to clear the Caesars merger on or before April 11.Icahn, for his part, has also seen his profit on the cash-and-stock deal take a hit, although he’s poised for a payoff. Would you like to receive desktop browser notifications about breaking news and other major stories? Scientists tested 14 types of masks — here are the ones that worked and...Hollywood stylist dishes on the worst stars to work withFire rips through Rachael Ray's home in upstate New YorkLooters, vandals sweep through Chicago following police shootingNew footage shows Beirut explosion up-close and in slow motionScientists tested 14 types of masks — here are the ones that worked and didn't

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