|
Total Rewards
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 1973–2000 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. 2000–2020 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), 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 so 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 Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caesars Entertainment Corporation
Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gambling company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment. At the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co. and Carl Icahn. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015, which led to the foundation of Vici Properties as a result. History William F. Harrah era (1937–1978) The company's background can be traced to October 29, 1937, when Bill Harrah opened a small bingo parlor in Reno, N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reno Gazette-Journal
The ''Reno Gazette Journal'' is a daily newspaper in Reno, Nevada. It is owned and operated by the Gannett Company. History The newspaper 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. It is the county seat and most populous city of Washoe County, Nevada, Washoe County. Sitting in the High Eastern Sierra foothills, .... In May 2024, the newspaper announced it will switch from carrier to postal delivery. Re ... [...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 C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Resorts International
MGM Resorts International is an American Multinational corporation, multinational hospitality, sports and entertainment company. It operates resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including the Bellagio (resort), Bellagio, Mandalay Bay, MGM Grand Las Vegas, 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 cons ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Racino
A racino is a combined horse racing track, or other live parimutuel betting facility, and casino. In some cases, the permitted form of casino gambling is limited to slot machines or video lottery terminals, but many locations also offer table games such as blackjack, poker, and roulette. As of the end of 2023, there were approximately 50 racinos operating in the United States. Racinos operate in other countries, including Canada and France, as well. History in the United States Beginning in the late 1970s, the popularity of horse racing began to decline in the United States, as evidenced by the inflation-adjusted decline in wagering by 52 percent from a peak in 1977 through 2006. This decline in wagering occurred despite efforts to increase parimutuel wagering through initiatives such as off-track betting and advance-deposit wagering. The decline is generally attributed to the introduction and growth of casino gambling and lottery gaming. In 1990, West Virginia authorized ... [...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 a private company purchase control of a 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, negot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MTR Gaming Group
MTR Gaming Group was a gaming company based in Chester, West Virginia that operated horse racing tracks and racinos. It was formed on March 7, 1988, in Wilmington, Delaware. On September 19, 2014, it merged with Eldorado Holdco LLC, forming Eldorado Resorts in Reno, Nevada. Properties The properties owned and operated by MTR Gaming at the time of its acquisition were: * Mountaineer Casino, Racetrack and Resort – Chester, West Virginia * Presque Isle Downs and Casino – Summit Township, Erie County, Pennsylvania * Scioto Downs Racino – Columbus, Ohio Former Properties previously owned by the company include: * Binion's Gambling Hall and Hotel – Las Vegas, Nevada – Acquired from Harrah's Entertainment in 2005, sold to TLC Entertprises in 2008 * Jackson Harness Raceway – Jackson, Michigan – Closed in 2008 * The Ramada Inn and Speedway Casino – North Las Vegas, Nevada Nevada ( ; ) is a landlocked state in the Western United States. It borders Oregon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hollywood Casino Shreveport
Bally's Shreveport Casino & Hotel is a casino hotel in Shreveport, Louisiana. It is owned by Gaming and Leisure Properties and operated by Bally's Corporation. The casino has over 1,100 slot machines and 50 Casino game, live-action table games. The hotel has 403 rooms and in an 18-story tower. History The casino hotel opened as Hollywood Casino Shreveport in December 2000 as the fifth riverboat casino in the Shreveport-Bossier City market. The casino, at its opening, featured a 30,000 square foot casino with a 14 floor hotel and multiple restaurants. It cost $230 million to construct and was originally owned Hollywood Casino Corp., Hollywood Casino Corporation. In 2004, Hollywood Casino Corporation filed for bankruptcy. In 2005, the casino was bought by Eldorado Resorts, Inc., now Caesars Entertainment, Caesars Entertainment, Inc., for $154 million. After being purchased, the casino underwent renovations. A few months later, it was rebranded as Eldorado Resort Casino Shrevepo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Bond
A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, mergers & acquisitions, or to expand business. It is a longer-term debt instrument indicating that a corporation has borrowed a certain amount of money and promises to repay it in the future under specific terms. Corporate debt instruments with maturity shorter than one year are referred to as commercial paper. Definition A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, mergers & acquisitions, or to expand business. The term sometimes also encompasses bonds issued by supranational organizations (such as European Bank for Reconstruction and Development). Strictly speaking, however, it only applies to those issued by corporations. The bonds of local authorities ( municipal bonds) are not included. Trading Corporate bonds trade in decentralized, dealer-b ... [...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's longtime name originated with the Circus Circus casino, opened by Jay Sarno in 1968. The company was incorporated in 1974, as Circo Resorts Inc., owned by casino executives William Bennett and William Pennington. Circo was formed to take over management of Circus Circus, and the company would take ownership nearly a decade later. In 1978, Circo Resorts was renamed Circus Circus Hotels Inc., after the opening of Circus Circus Reno. The company purchased the Silver City Casino and Slots-A-Fun Casino in 1979 for $30 million, then refurbished ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
