2024.07.18
foxwoods resort casino showsTwo qualified applicants now remain — Legends and Gulfside Casino Partnership.Deciding which of the two Pope County casino bids would move was supposed to be a rather simple process. Rice’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. 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. angel of the winds casino hostsFor Caesars, that includes 19 venues — nine of which are deemed to be in “destination” markets. Caesars and Eldorado say regional casinos are performing well. Caesars and Eldorado say regional casinos are performing well. table poker casino amneville gamehunter doubledown casinozynga poker pleaseConvSeventeen 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. 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. club player casino onlineConv(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. Convturtle creek casino acme michigan seneca niagara casino ageblack lotus casino free codesThe 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. 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. The project with the highest tally was to receive the gaming license.However, the Commission found bias in Commissioner Butch Rice’s grading of Gulfside a perfect 100, while awarding the Legends plan only 29 points. That 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. The 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. For Caesars, that includes 19 venues — nine of which are deemed to be in “destination” markets. free game slot sky queen black lotus casino new player no deposit bonus |