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Last $8.42 USD
Change Today +0.13 / 1.57%
Volume 71.4K
ERI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 3:53 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

eldorado resorts inc (ERI) Snapshot

Open
$8.31
Previous Close
$8.29
Day High
$8.95
Day Low
$7.92
52 Week High
07/14/15 - $9.25
52 Week Low
09/24/14 - $3.61
Market Cap
390.9M
Average Volume 10 Days
98.3K
EPS TTM
$-0.33
Shares Outstanding
46.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ELDORADO RESORTS INC (ERI)

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eldorado resorts inc (ERI) Details

Eldorado Resorts, Inc., a gaming and hospitality company, owns and operates gaming facilities in Louisiana, Nevada, Ohio, Pennsylvania, and West Virginia. It owns and operates Eldorado resort casino, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino situated on the Red River in Shreveport, Louisiana; Eldorado Hotel and Casino, a 814-room hotel, casino, and entertainment facility located in downtown Reno, Nevada; and Silver Legacy resort casino, a 1,711-room themed hotel and casino located adjacent to Eldorado Reno. The company also owns and operates Mountaineer Casino, Racetrack and Resort, a 354-room resort with a casino and live thoroughbred horse racing located on the Ohio River at the northern tip of West Virginia's northwestern panhandle; Presque Isle Downs and Casino, a casino and live thoroughbred horse racing facility with slot machines, table games, and poker located in Erie, Pennsylvania; and Scioto Downs, a live thoroughbred horse racing facility with video lottery terminals located in Columbus, Ohio. As of December 31, 2014, it owned or operated 431,609 square feet of casino space, containing 7,829 slot machines, 240 table games, 2,150 VLTs, and 3,282 hotel rooms. Eldorado Resorts, Inc. was founded in 1973 and is based in Reno, Nevada.

7,100 Employees
Last Reported Date: 07/14/15
Founded in 1973

eldorado resorts inc (ERI) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $451.5K
President and Director
Total Annual Compensation: $2.2M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $643.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $623.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $327.1K
Compensation as of Fiscal Year 2014.

eldorado resorts inc (ERI) Key Developments

Eldorado Resorts, Inc. Prices its New Credit Facility Consisting of a $425 Million Seven Year Term Loan and a $150 Million Five Year Revolving Credit Facility

On July 17, 2015, Eldorado Resorts, Inc. announced that it priced its new credit facility consisting of a $425 million seven year term loan and a $150 million five year revolving credit facility. The new term Loan will bear interest at a rate per annum of, at the option, either LIBOR plus 3.25%, with a LIBOR floor of 1.0%, or a base rate plus 2.25%, and will have an issue price of 99.5% of the principal amount of the New Term Loan. The New Revolving Facility will bear interest at a rate per annum of, at the option, either LIBOR plus a spread ranging from 2.5% to 3.25% or a base rate plus a spread ranging from 1.5% to 2.25%, in each case with the spread determined based on the company's total leverage ratio. The new credit facility is expected to close on or about July 23, 2015, subject to customary closing conditions.

Eldorado Resorts, Inc. Announces Pricing of $375 Million in Aggregate Principal Amount of Senior Notes Due 2023

Eldorado Resorts, Inc. priced its the offering of $375 million in aggregate principal amount of senior notes due 2023 at an interest rate of 7% and an issue price equal to 100% of the principal amount of the Notes. The offering is expected to close on or about July 23, 2015, subject to customary closing conditions. The company intends to apply the net proceeds of the sale of the Notes, together with borrowings under a proposed new $425 million term loan, proceeds from the proposed sale of equity securities, borrowings under a proposed new $150 million revolving credit facility and cash on hand, to (i) purchase or otherwise redeem or discharge (a) all of the outstanding 8.625% Senior Secured Notes due 2019 issued by Eldorado Resorts LLC and Eldorado Capital Corp. and (b) all of the outstanding 11.50% Senior Secured Second Lien Notes due 2019 issued by MTR Gaming Group, Inc., (ii) pay the purchase price for the purchase of all of the assets of Circus Circus Reno and the 50% interest in the Silver Legacy joint venture that is currently owned by a subsidiary of MGM Resorts International and repay all amounts outstanding under the Silver Legacy Joint Venture credit facility, and (iii) pay fees and costs associated with such transactions.

Eldorado Resorts, Inc. Commences Cash Tender Offers for Outstanding Notes of Wholly-Owned Subsidiaries and Consent Solicitations

Eldorado Resorts, Inc. announced that it has commenced a cash tender offer and consent solicitation (the “Resorts Tender Offer”) for any and all of the $168.0 million in aggregate principal amount of outstanding 8.625% Senior Secured Notes due 2019 (the “Resorts Notes”) issued by its wholly-owned subsidiaries Eldorado Resorts LLC and Eldorado Capital Corp. In addition, the Company announced that it has commenced a cash tender offer and consent solicitation (the “MTR Tender Offer” and, together with the Resorts Tender Offer, the “Tender Offers”) for any and all of the $560.7 million in aggregate principal amount of outstanding 11.50% Senior Secured Second Lien Notes due 2019 (the “MTR Notes” and, together with the Resorts Notes, the “Notes”) issued by its wholly-owned subsidiary MTR Gaming Group, Inc. The Tender Offers are scheduled to expire at 12:00 a.m., New York City time, on August 7, 2015, unless extended or earlier terminated by the Company. Tendered notes may be withdrawn at any time on or prior to the earlier of (i) 5:00 p.m., New York City time, on July 22, 2015, unless extended or earlier terminated by the Company (the “Consent Date”) or (ii) the date and time the Company and the trustee execute the applicable supplemental indenture (the “Withdrawal Time”). Other than as required by applicable law, tendered Notes may not be withdrawn after the applicable Withdrawal Time. Holders tendering their Notes will be required to consent to certain proposed amendments to the indentures governing the Resorts Notes or MTR Notes, as applicable.

 

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Price/Sales 0.8x
Price/Book 2.6x
Price/Cash Flow 18.2x
TEV/Sales NM Not Meaningful
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