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Caesars Entertainment (2020)
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020. History The company traces its history back to the development of the Eldorado Hotel in Reno, which was opened on May 24, 1973, by a group of investors that included Don Carano and other members of the Carano family. On July 28, 1995, the Eldorado opened the adjacent Silver Legacy Resort Casino in partnership with Circus Circus Enterprises. The Eldorado companies were reorganized in 1996 as Eldorado Resorts LLC in connection with a $100-million bond offering. In 2005, the company took over the bankrupt Hollywood Casino Shreveport in Louisiana, buying a 76 percent stake in the property for $154 million. It was then rebranded as the Eldorado Casino Shreveport. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mandalay Resort Group
Mandalay Resort Group (formerly Circus Circus Enterprises) was an American hotel and casino operator based in Paradise, Nevada. Its major properties included Mandalay Bay, Luxor, Excalibur and Circus Circus, as well as half of the Monte Carlo. In terms of market capitalization, it was one of the largest casino operators in the world. Its stock traded on the New York Stock Exchange with the ticker symbol "CIR" and "MBG". History The company was originally known as Circus Circus Enterprises and originated with Jay Sarno's 1968 opening of the Circus Circus as well as a Circus Circus in Reno, which opened in 1978. The company incorporated as Circus Circus Enterprises (CCE) in 1974 to purchase Circus Circus from Sarno at a time when the casino was experiencing financial difficulties. The original majority owners of CCE were William Pennington, a former oil lease speculator and William Bennett, a former furniture salesman and the manager of The Mint Las Vegas casino. Circus Circ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gaming And Leisure Properties
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 55 casino properties, all of which are leased to other companies. History The company was created as a corporate spin-off from Penn National Gaming (now Penn Entertainment), effective November 1, 2013. The corporate breakup was designed to increase investor returns by taking advantage of the lack of federal income taxes on REITs. In November 2013, GLPI agreed to finance a proposed billion-dollar casino in Milford, Massachusetts, but the project was killed days later when town voters rejected the casino. In January 2014, the company acquired the real estate assets of the Casino Queen in East St. Louis, Illinois for $140 million, and leased them back to the casino's operating company for $14 million a year. GLPI also loaned $43 million ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tropicana Entertainment
Tropicana Entertainment Inc. was a publicly traded gaming company that owned and operated casinos and resorts in Indiana, Louisiana, Mississippi, Nevada, Missouri, New Jersey and Aruba. Tropicana properties collectively had approximately 5,500 rooms, 8,000 slot positions and 270 table games. The company was based in Spring Valley, Nevada, and was majority-owned by Icahn Enterprises. The company was acquired in 2018 by Eldorado Resorts and Gaming and Leisure Properties for $1.85 billion. History In January 2007, Columbia Sussex acquired Aztar Corporation, owner of the Tropicana casinos in Las Vegas and Atlantic City, and three other casinos, for $2.1 billion. A new subsidiary, Tropicana Entertainment LLC, was created to hold the combined company's casinos. After losing control of its largest property, the Tropicana Atlantic City, the new company was quickly forced into bankruptcy in May 2008. While in bankruptcy, the Tropicana Las Vegas was split off as a separate entity. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand Victoria Casino
The Grand Victoria Casino Elgin is a riverboat casino in Elgin, Illinois, United States, located about west of Chicago. It is owned and operated by Caesars Entertainment. History The casino was developed by Gold Strike Resorts and Hyatt. It opened its doors on October 6, 1994 BC. Gold Strike was acquired in 1995 by Circus Circus Enterprises, which later changed its name to Mandalay Resort Group, and was then acquired by MGM Mirage in 2005. At the time of the merger in 2005, management of the property was transferred from Mandalay to Hyatt. In August 2018, MGM and Hyatt sold the casino to Eldorado Resorts (later renamed as Caesars Entertainment) for $3.28. Casino The casino employs about 1,440,000, 000 people. The facility consists of approximately 1,100 video poker and slot machines A slot machine (American English), fruit machine (British English) or poker machine ( Australian English and New Zealand English) is a gambling machine that creates a game of chance for its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isle Of Capri Casinos
Isle of Capri Casinos, Inc. was a gaming company headquartered in Creve Coeur, Missouri in Greater St. Louis which operated casinos and associated entertainment and lodging facilities in the United States. It operated 15 casinos in seven states across the U.S., Isle of Capri properties have nearly 13 million visitors each year. These properties have a total of about 14,000 slot machines, 350 table games, 2,300 hotel rooms; and three dozen restaurants. History The company was founded in 1990 by Bernard Goldstein as Kana Corporation. In April 1992, it was renamed Anubis II Corporation. In June 1992, it was renamed again to Casino America, Inc. and began trading on the NASDAQ under the ticker symbol CSNO. In 1995 it announced a move to trade to the New York Stock Exchange but that did not happen. In September 1998, it became Isle of Capri Casinos, Inc. and changed its ticker symbol to "ISLE." The company opened its first casino on August 1, 1992, as a publicly traded corporatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reno Gazette-Journal
The ''Reno Gazette Journal'' is the main daily newspaper for Reno, Nevada. It is owned and operated by the Gannett Company. It came into being when the ''Nevada State Journal'' (founded on November 23, 1870) and the ''Reno Evening Gazette'' (founded on March 28, 1876) were combined on October 7, 1983. Speidel Newspapers bought the ''Gazette'' on October 1, 1939 and bought the ''Journal'' a month later. Gannett bought Speidel Newspapers on May 11, 1977. On April 16, 2019, an edition of the ''Nevada State Journal'' was found during the opening of a time capsule from 1872 in the cornerstone of a demolished Masonic lodge in Reno Reno ( ) is a city in the northwest section of the U.S. state of Nevada, along the Nevada-California border, about north from Lake Tahoe, known as "The Biggest Little City in the World". Known for its casino and tourism industry, Reno is th .... References External links * 1870 establishments in Nevada Daily newspapers published in the Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Las Vegas Review-Journal
The ''Las Vegas Review-Journal'' is a daily subscription newspaper published in Las Vegas, Nevada, since 1909. It is the largest circulating daily newspaper in Nevada and one of two daily newspapers in the Las Vegas area. The ''Review-Journal'' has a joint operating agreement with The Greenspun Corporation-owned '' Las Vegas Sun'', which runs through 2040. In 2005, the ''Sun'' ceased afternoon publication and began distribution as a section of the ''Review-Journal''. On March 18, 2015, the sale of the newspaper's parent company, Stephens Media LLC, to New Media Investment Group was completed. In December 2015, casino magnate Sheldon Adelson purchased the newspaper for $140 million via News + Media Capital Group LLC. GateHouse Media, a subsidiary of New Media Investment Group, was retained to manage the newspaper. $140 million was considered a steep price amounting to a 69% gain for New Media Investment Group after owning the newspaper for nine months. History The ''Clark Cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Resorts International
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Circus Circus Reno
Circus Circus Reno is a hotel and casino located in Downtown Reno, Nevada. It anchors a network of connected hotel-casinos in the downtown Reno core that includes Silver Legacy Reno and Eldorado Reno and are owned and operated by Caesars Entertainment. It includes a 1,620 room hotel and a casino which features free circus acts on a regular basis throughout the day over the midway which also offers 33 carnival games. It is the second-largest hotel in downtown Reno (and third-largest in the Reno area overall) by number of rooms. Previous owners of Circus Circus Reno were Mandalay Resort Group, formerly known as Circus Circus Enterprises (1978–2005) and MGM Resorts International, formerly known as MGM Mirage (2005–2015). History The main structure was originally built as a Gray, Reid & Wright department store which, at the time, was the only department store in the state of Nevada. Originally opened on November 7, 1957, the structure replaced a prior store location which was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Racino
A racino is a combined race track and casino. In some cases, the gambling is limited to slot machines, but many locations are beginning to include Casino game#Table games, table games such as blackjack, poker, and roulette. In 2003, Joe Bob Briggs described the economic motivation of race track owners to convert into racinos: :Horse racing and Greyhound racing, dog racing have been in a slow decline for almost 20 years now....the only tracks that have really thrived are the ones that have slot machines. In many cases their live handle (the daily amount bet at the track by live customers) has continued to decline, but their revenues have shot up so fast that they're able to offer the biggest purses and thereby attract the best horses. Tracks like Delaware Park (race track), Delaware Park and West Virginia's Mountaineer Casino, Racetrack and Resort, Mountaineer Park, once considered places where local degenerates bet on broken-down nags in claiming races, are now among the wealthi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Merger
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of the private company purchase control of the public shell company/ SPAC and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, nego ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
