2024.07.18
harrah s.cherokee casinoBut destination venues, such as Caesars Palace, are scuffling. Caesars and Eldorado say regional casinos are performing well. (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. caesars casino listCaesars 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. For Caesars, that includes 19 venues — nine of which are deemed to be in “destination” markets. Those are defined as the operator’s properties in Nevada and Harrah’s New Orleans.Revenues for the reopened Regional properties for the period they were operating in May and/or June through June 30,seven feathers casino breakfast 2020 increased approximately 9% to 11% compared to the prior year period. free slots triple diamonds drake casino customer service numberphone number chinook winds casinoThe 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 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. 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. coushatta casino kid quest(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. ConvRice’s scoring single-handedly tipped the score in Gulfside’s favor, 637-572.Despite Rice denying he had any bias, ARC rejected his scoring, which resulted in a tally favoring Legends. casino vegas draftkings casino not workingadmiral casino gooleEach of the seven Arkansas Racing Commission members gave the casino proposals a score of 0-100. Seventeen of the company’s gaming venues were operational last month with three, Eldorado Reno, Silver Legacy Reno, and Circus Circus Reno, defined as destination properties.The company said revenue at three Reno casinos slipped approximately 42 percent, triggering a roughly 29 percent EBITDA drop. For Caesars, that includes 19 venues — nine of which are deemed to be in “destination” markets. Each of the seven Arkansas Racing Commission members gave the casino proposals a score of 0-100. Seventeen of the company’s gaming venues were operational last month with three, Eldorado Reno, Silver Legacy Reno, and Circus Circus Reno, defined as destination properties.The company said revenue at three Reno casinos slipped approximately 42 percent, triggering a roughly 29 percent EBITDA drop. Change in hold did not have a meaningful effect on this increase,” according to the Caesars 8-K.Operating income for the properties in Caesars regional portfolio that were operational through June 30 surged 125 percent to 135 percent, said the company. 88 stacks slot machine wild casino withdrawal review |