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2024.07.17
a casino game name(Image: Yahoo Sports)In Form 8-K filings with the Securities and Exchange Commission (SEC) released today, the two gaming companies updated investors on the performances of their venues that were operational in June. The ballot amendment earmarked one casino license each for Pope and Jefferson counties and allowed the state’s two racinos — Oaklawn and Southland — to transition into casinos with slot machines and table games.Nearly two years since the vote, the legal courtroom drama continues for the lone casino license in Pope. Caesars and Eldorado say regional casinos are performing well. firekeepers casino reopenCaesars said operating income at its destination casinos slid 75 percent to 85 percent, while revenue dipped 48 percent to 50 percent on a hold basis. But destination venues, such as Caesars Palace, are scuffling. Caesars Entertainment (NASDAQ:CZR) says its regional properties continue performing well following recent reopenings, but its gaming venues in destination markets, such as Las Vegas, are struggling. caesar casino bonus collector casino near me raleigh nccasino in poconosThat jibes with a mid-June update provide by Caesars underscoring strength in markets such as Louisiana, Mississippi, and Missouri, and sluggishness in Las Vegas.Destination DisappointmentCaesars added adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) at regional venues that were open through June 30 jumped 75 percent to 85 percent on a year-over-year basis as margins surged.As more domestic gaming properties come back online following the coronavirus shutdown, analysts are bullish on operators with regional portfolios, because it’s easier to cut costs and reduce amenities at those venues, thereby driving margin expansion.Unfortunately, that doesn’t obfuscate weakness in markets like Las Vegas. State attorneys advised the commission to remove itself from the matter, and Arkansas Attorney General Leslie Rutledge’s office is now intervening.Petition DeniedIn related Arkansas casino news, this week the state secretary’s office rejected nearly 100,000 signatures submitted by a campsam s town casino hotel tunica mibibippiaign seeking to legalize as many as 16 new commercial casinos.Arkansas Wins 2020 says it has been notified by the secretary’s office that the signatures were rejected based on “allegedly failing to certify that canvassers had passed two separate background checks.”The campaign says it’s filing a Petition for Review with the Arkansas Supreme Court “to address what we believe is an erroneous declaration of insufficiency,” said campaign spokesman Taylor Riddle. the Quapaw Tribe of Oklahoma and its Downstream Development Authority.Pope’s BlessingArkansans voted 54-46 percent in favor of bringing full-scale commercial gambling to the state. borgata casino welcome bonus the Quapaw Tribe of Oklahoma and its Downstream Development Authority.Pope’s BlessingArkansans voted 54-46 percent in favor of bringing full-scale commercial gambling to the state. ConvThe ballot amendment earmarked one casino license each for Pope and Jefferson counties and allowed the state’s two racinos — Oaklawn and Southland — to transition into casinos with slot machines and table games.Nearly two years since the vote, the legal courtroom drama continues for the lone casino license in Pope. free slot machine las vegas style running aces casino hotelcasinobonus2.com no deposit bonusConvConvThe same sentiment is being articulated by Eldorado Resorts (NASDAQ:ERI), the company that’s closing in on a .3 billion takeover of the Caesars Palace operator. Caesars said operating income at its destination casinos slid 75 percent to 85 percent, while revenue dipped 48 percent to 50 percent on a hold basis. (Image: Yahoo Sports)In Form 8-K filings with the Securities and Exchange Commission (SEC) released today, the two gaming companies updated investors on the performances of their venues that were operational in June. For Caesars, that includes 19 venues — nine of which are deemed to be in “destination” markets. turtle creek casino age limit dr slot casino |