Intrinsic value of Eldorado Resorts - ERI

Previous Close

$36.14

  Intrinsic Value

$55.76

stock screener

  Rating & Target

str. buy

+54%

Previous close

$36.14

 
Intrinsic value

$55.76

 
Up/down potential

+54%

 
Rating

str. buy

We calculate the intrinsic value of ERI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  21.60
  19.94
  18.45
  17.10
  15.89
  14.80
  13.82
  12.94
  12.15
  11.43
  10.79
  10.21
  9.69
  9.22
  8.80
  8.42
  8.08
  7.77
  7.49
  7.24
  7.02
  6.82
  6.63
  6.47
  6.32
  6.19
  6.07
  5.97
  5.87
  5.78
Revenue, $m
  1,792
  2,149
  2,545
  2,981
  3,454
  3,966
  4,514
  5,098
  5,717
  6,371
  7,058
  7,779
  8,532
  9,319
  10,139
  10,992
  11,880
  12,803
  13,762
  14,759
  15,794
  16,871
  17,990
  19,155
  20,366
  21,627
  22,940
  24,309
  25,735
  27,223
Variable operating expenses, $m
  1,575
  1,854
  2,164
  2,504
  2,875
  3,274
  3,703
  4,159
  4,643
  5,154
  5,517
  6,080
  6,669
  7,284
  7,925
  8,592
  9,286
  10,007
  10,757
  11,536
  12,346
  13,187
  14,062
  14,972
  15,919
  16,905
  17,931
  19,001
  20,116
  21,279
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,575
  1,854
  2,164
  2,504
  2,875
  3,274
  3,703
  4,159
  4,643
  5,154
  5,517
  6,080
  6,669
  7,284
  7,925
  8,592
  9,286
  10,007
  10,757
  11,536
  12,346
  13,187
  14,062
  14,972
  15,919
  16,905
  17,931
  19,001
  20,116
  21,279
Operating income, $m
  217
  295
  381
  476
  580
  692
  811
  939
  1,074
  1,217
  1,541
  1,698
  1,863
  2,035
  2,214
  2,400
  2,594
  2,796
  3,005
  3,223
  3,449
  3,684
  3,928
  4,182
  4,447
  4,722
  5,009
  5,308
  5,619
  5,944
EBITDA, $m
  487
  584
  691
  810
  938
  1,077
  1,226
  1,385
  1,553
  1,730
  1,917
  2,113
  2,317
  2,531
  2,754
  2,985
  3,226
  3,477
  3,738
  4,008
  4,290
  4,582
  4,886
  5,202
  5,531
  5,874
  6,230
  6,602
  6,989
  7,394
Interest expense (income), $m
  48
  147
  184
  226
  273
  325
  381
  441
  506
  575
  648
  725
  807
  892
  981
  1,074
  1,171
  1,272
  1,377
  1,486
  1,599
  1,717
  1,839
  1,967
  2,099
  2,237
  2,380
  2,529
  2,684
  2,846
  3,015
Earnings before tax, $m
  70
  111
  155
  203
  255
  311
  370
  433
  499
  569
  816
  892
  971
  1,054
  1,140
  1,229
  1,322
  1,419
  1,519
  1,623
  1,732
  1,844
  1,962
  2,083
  2,210
  2,342
  2,480
  2,624
  2,773
  2,930
Tax expense, $m
  19
  30
  42
  55
  69
  84
  100
  117
  135
  154
  220
  241
  262
  285
  308
  332
  357
  383
  410
  438
  468
  498
  530
  563
  597
  632
  670
  708
  749
  791
Net income, $m
  51
  81
  113
  148
  186
  227
  270
  316
  364
  415
  596
  651
  709
  769
  832
  897
  965
  1,036
  1,109
  1,185
  1,264
  1,346
  1,432
  1,521
  1,614
  1,710
  1,811
  1,915
  2,025
  2,139

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,307
  5,166
  6,119
  7,165
  8,304
  9,533
  10,851
  12,255
  13,743
  15,314
  16,967
  18,699
  20,510
  22,401
  24,372
  26,424
  28,558
  30,776
  33,082
  35,478
  37,967
  40,555
  43,246
  46,045
  48,957
  51,988
  55,145
  58,434
  61,864
  65,441
Adjusted assets (=assets-cash), $m
  4,307
  5,166
  6,119
  7,165
  8,304
  9,533
  10,851
  12,255
  13,743
  15,314
  16,967
  18,699
  20,510
  22,401
  24,372
  26,424
  28,558
  30,776
  33,082
  35,478
  37,967
  40,555
  43,246
  46,045
  48,957
  51,988
  55,145
  58,434
  61,864
  65,441
Revenue / Adjusted assets
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
Average production assets, $m
  2,003
  2,403
  2,846
  3,333
  3,862
  4,434
  5,047
  5,700
  6,392
  7,123
  7,891
  8,697
  9,539
  10,419
  11,335
  12,289
  13,282
  14,314
  15,386
  16,500
  17,658
  18,862
  20,113
  21,415
  22,769
  24,179
  25,647
  27,177
  28,772
  30,436
Working capital, $m
  -156
  -187
  -221
  -259
  -301
  -345
  -393
  -444
  -497
  -554
  -614
  -677
  -742
  -811
  -882
  -956
  -1,034
  -1,114
  -1,197
  -1,284
  -1,374
  -1,468
  -1,565
  -1,666
  -1,772
  -1,882
  -1,996
  -2,115
  -2,239
  -2,368
Total debt, $m
  2,747
  3,377
  4,077
  4,845
  5,680
  6,583
  7,550
  8,580
  9,673
  10,826
  12,039
  13,310
  14,640
  16,028
  17,474
  18,980
  20,547
  22,175
  23,867
  25,626
  27,453
  29,353
  31,328
  33,382
  35,520
  37,744
  40,062
  42,476
  44,993
  47,619
Total liabilities, $m
  3,161
  3,792
  4,491
  5,259
  6,095
  6,997
  7,965
  8,995
  10,088
  11,241
  12,453
  13,725
  15,055
  16,443
  17,889
  19,395
  20,961
  22,590
  24,282
  26,041
  27,868
  29,768
  31,743
  33,797
  35,934
  38,159
  40,476
  42,891
  45,408
  48,034
Total equity, $m
  1,146
  1,374
  1,628
  1,906
  2,209
  2,536
  2,886
  3,260
  3,656
  4,074
  4,513
  4,974
  5,456
  5,959
  6,483
  7,029
  7,596
  8,186
  8,800
  9,437
  10,099
  10,788
  11,503
  12,248
  13,022
  13,829
  14,669
  15,544
  16,456
  17,407
Total liabilities and equity, $m
  4,307
  5,166
  6,119
  7,165
  8,304
  9,533
  10,851
  12,255
  13,744
  15,315
  16,966
  18,699
  20,511
  22,402
  24,372
  26,424
  28,557
  30,776
  33,082
  35,478
  37,967
  40,556
  43,246
  46,045
  48,956
  51,988
  55,145
  58,435
  61,864
  65,441
Debt-to-equity ratio
  2.400
  2.460
  2.500
  2.540
  2.570
  2.600
  2.620
  2.630
  2.650
  2.660
  2.670
  2.680
  2.680
  2.690
  2.700
  2.700
  2.700
  2.710
  2.710
  2.720
  2.720
  2.720
  2.720
  2.730
  2.730
  2.730
  2.730
  2.730
  2.730
  2.740
Adjusted equity ratio
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266
  0.266

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  51
  81
  113
  148
  186
  227
  270
  316
  364
  415
  596
  651
  709
  769
  832
  897
  965
  1,036
  1,109
  1,185
  1,264
  1,346
  1,432
  1,521
  1,614
  1,710
  1,811
  1,915
  2,025
  2,139
Depreciation, amort., depletion, $m
  270
  289
  310
  333
  358
  386
  415
  446
  479
  514
  376
  414
  454
  496
  540
  585
  632
  682
  733
  786
  841
  898
  958
  1,020
  1,084
  1,151
  1,221
  1,294
  1,370
  1,449
Funds from operations, $m
  321
  370
  423
  482
  545
  613
  685
  762
  843
  929
  971
  1,065
  1,163
  1,265
  1,372
  1,483
  1,598
  1,717
  1,842
  1,971
  2,105
  2,245
  2,390
  2,541
  2,698
  2,861
  3,032
  3,209
  3,395
  3,588
Change in working capital, $m
  -28
  -31
  -34
  -38
  -41
  -44
  -48
  -51
  -54
  -57
  -60
  -63
  -66
  -68
  -71
  -74
  -77
  -80
  -83
  -87
  -90
  -94
  -97
  -101
  -105
  -110
  -114
  -119
  -124
  -129
Cash from operations, $m
  349
  401
  458
  519
  586
  657
  733
  813
  897
  985
  1,031
  1,128
  1,229
  1,334
  1,443
  1,557
  1,675
  1,798
  1,925
  2,058
  2,195
  2,338
  2,487
  2,642
  2,803
  2,971
  3,146
  3,329
  3,519
  3,717
Maintenance CAPEX, $m
  -78
  -95
  -114
  -136
  -159
  -184
  -211
  -240
  -271
  -304
  -339
  -376
  -414
  -454
  -496
  -540
  -585
  -632
  -682
  -733
  -786
  -841
  -898
  -958
  -1,020
  -1,084
  -1,151
  -1,221
  -1,294
  -1,370
New CAPEX, $m
  -355
  -399
  -443
  -487
  -530
  -572
  -613
  -653
  -692
  -731
  -768
  -806
  -843
  -879
  -917
  -954
  -992
  -1,032
  -1,072
  -1,114
  -1,158
  -1,204
  -1,251
  -1,302
  -1,354
  -1,410
  -1,468
  -1,530
  -1,595
  -1,664
Cash from investing activities, $m
  -433
  -494
  -557
  -623
  -689
  -756
  -824
  -893
  -963
  -1,035
  -1,107
  -1,182
  -1,257
  -1,333
  -1,413
  -1,494
  -1,577
  -1,664
  -1,754
  -1,847
  -1,944
  -2,045
  -2,149
  -2,260
  -2,374
  -2,494
  -2,619
  -2,751
  -2,889
  -3,034
Free cash flow, $m
  -85
  -94
  -100
  -103
  -102
  -99
  -91
  -81
  -67
  -50
  -76
  -53
  -28
  0
  31
  63
  97
  133
  171
  211
  251
  294
  338
  383
  429
  477
  526
  577
  630
  684
Issuance/(repayment) of debt, $m
  557
  630
  699
  768
  836
  902
  967
  1,031
  1,093
  1,153
  1,213
  1,271
  1,330
  1,388
  1,447
  1,506
  1,566
  1,628
  1,692
  1,759
  1,828
  1,900
  1,975
  2,054
  2,137
  2,225
  2,317
  2,415
  2,517
  2,625
Issuance/(repurchase) of shares, $m
  153
  148
  140
  130
  117
  100
  80
  57
  32
  3
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  710
  778
  839
  898
  953
  1,002
  1,047
  1,088
  1,125
  1,156
  1,213
  1,271
  1,330
  1,388
  1,447
  1,506
  1,566
  1,628
  1,692
  1,759
  1,828
  1,900
  1,975
  2,054
  2,137
  2,225
  2,317
  2,415
  2,517
  2,625
Total cash flow (excl. dividends), $m
  625
  684
  740
  795
  850
  904
  956
  1,007
  1,057
  1,106
  1,136
  1,218
  1,302
  1,388
  1,477
  1,569
  1,664
  1,762
  1,864
  1,969
  2,079
  2,193
  2,313
  2,437
  2,566
  2,702
  2,844
  2,992
  3,147
  3,309
Retained Cash Flow (-), $m
  -204
  -228
  -253
  -278
  -303
  -327
  -351
  -373
  -396
  -418
  -439
  -461
  -482
  -503
  -524
  -546
  -568
  -590
  -613
  -637
  -662
  -688
  -716
  -744
  -775
  -806
  -840
  -875
  -912
  -951
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  421
  455
  486
  517
  547
  577
  606
  634
  661
  689
  697
  757
  820
  885
  953
  1,023
  1,096
  1,172
  1,250
  1,332
  1,417
  1,505
  1,597
  1,692
  1,792
  1,896
  2,004
  2,117
  2,235
  2,358
Discount rate, %
  10.40
  10.92
  11.47
  12.04
  12.64
  13.27
  13.94
  14.63
  15.37
  16.13
  16.94
  17.79
  18.68
  19.61
  20.59
  21.62
  22.70
  23.84
  25.03
  26.28
  27.59
  28.97
  30.42
  31.94
  33.54
  35.22
  36.98
  38.83
  40.77
  42.81
PV of cash for distribution, $m
  381
  370
  351
  328
  302
  273
  243
  213
  183
  154
  125
  106
  89
  72
  57
  45
  34
  25
  18
  13
  8
  6
  4
  2
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  91.8
  85.7
  81.1
  77.7
  75.1
  73.3
  72.0
  71.2
  70.9
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8
  70.8

Eldorado Resorts, Inc. is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company's segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms. As of December 31, 2016, the Company owned and operated various properties, including Eldorado Resort Casino Reno (Eldorado Reno), Silver Legacy Resort Casino (Silver Legacy), Circus Circus Reno (Circus Reno), Eldorado Resort Casino Shreveport (Eldorado Shreveport), Mountaineer Casino, Racetrack & Resort (Mountaineer), Presque Isle Downs & Casino (Presque Isle Downs), and Eldorado Gaming Scioto Downs (Scioto Downs).

FINANCIAL RATIOS  of  Eldorado Resorts (ERI)

Valuation Ratios
P/E Ratio 68.1
Price to Sales 1.9
Price to Book 5.7
Price to Tangible Book
Price to Cash Flow 17.4
Price to Free Cash Flow 33.4
Growth Rates
Sales Growth Rate 24%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 27%
Cap. Spend. - 3 Yr. Gr. Rate 46.4%
Financial Strength
Quick Ratio 12
Current Ratio 0
LT Debt to Equity 266.8%
Total Debt to Equity 268.5%
Interest Coverage 2
Management Effectiveness
Return On Assets 4.3%
Ret/ On Assets - 3 Yr. Avg. 9.9%
Return On Total Capital 2.2%
Ret/ On T. Cap. - 3 Yr. Avg. 3.6%
Return On Equity 8.8%
Return On Equity - 3 Yr. Avg. 16.8%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 37.3%
Gross Margin - 3 Yr. Avg. 36.9%
EBITDA Margin 16.7%
EBITDA Margin - 3 Yr. Avg. 16.7%
Operating Margin 10%
Oper. Margin - 3 Yr. Avg. 9.9%
Pre-Tax Margin 4.3%
Pre-Tax Margin - 3 Yr. Avg. 2.3%
Net Profit Margin 2.8%
Net Profit Margin - 3 Yr. Avg. 4.9%
Effective Tax Rate 34.2%
Eff/ Tax Rate - 3 Yr. Avg. -42.3%
Payout Ratio 0%

ERI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ERI stock intrinsic value calculation we used $1473.504 million for the last fiscal year's total revenue generated by Eldorado Resorts. The default revenue input number comes from 0001 income statement of Eldorado Resorts. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ERI stock valuation model: a) initial revenue growth rate of 21.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.4%, whose default value for ERI is calculated based on our internal credit rating of Eldorado Resorts, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Eldorado Resorts.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ERI stock the variable cost ratio is equal to 90%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ERI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.7% for Eldorado Resorts.

Corporate tax rate of 27% is the nominal tax rate for Eldorado Resorts. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ERI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ERI are equal to 111.8%.

Life of production assets of 21 years is the average useful life of capital assets used in Eldorado Resorts operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ERI is equal to -8.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $941.598 million for Eldorado Resorts - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 47.106 million for Eldorado Resorts is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Eldorado Resorts at the current share price and the inputted number of shares is $1.7 billion.

RELATED COMPANIES Price Int.Val. Rating
MGM MGM Resorts In 25.94 38.57  buy
CNTY Century Casino 7.01 4.28  sell
BYD Boyd Gaming 24.63 25.76  sell
PENN Penn National 21.32 15.51  str.sell
MCRI Monarch Casino 38.84 13.82  str.sell
WYNN Wynn Resorts 103.24 52.00  str.sell
RRR Red Rock Resor 24.63 46.97  buy

COMPANY NEWS

▶ Eldorado Resorts: 3Q Earnings Snapshot   [05:42PM  Associated Press]
▶ Legal betting to generate $4.2B for major U.S. sports   [Oct-18-18 04:07PM  Yahoo Finance Video]
▶ St. Louis casino operations, real estate change hands   [Oct-16-18 07:42AM  American City Business Journals]
▶ Atlantic City's Tropicana casino bought in $1.9B acquisition   [Oct-03-18 04:15PM  Associated Press]
▶ Eldorado gets temporary OK to own Tropicana casino   [Sep-12-18 07:00PM  Associated Press]
▶ William Hill and Eldorado Resorts enter US partnership   [Sep-05-18 02:00AM  PR Newswire]
▶ Adient and Eldorado Resorts Set to Join S&P MidCap 400   [Aug-14-18 05:59PM  PR Newswire]
▶ Eldorado Resorts: 2Q Earnings Snapshot   [05:52PM  Associated Press]
▶ [$$] Churchill Downs, Eldorado Resorts End Vicksburg Casino Deal   [Jul-09-18 01:31PM  The Wall Street Journal]
▶ Churchill Downs Inc. terminates plan to purchase casino   [10:30AM  American City Business Journals]
▶ Eldorado Resorts: 1Q Earnings Snapshot   [May-03-18 05:23PM  Associated Press]
▶ Owner of Isle Casino in Pompano Beach strikes deal with partner for redevelopment   [Apr-27-18 03:01PM  American City Business Journals]
▶ Is Eldorado Resorts Expanding Too Fast?   [Apr-23-18 05:41PM  Motley Fool]
▶ Lumiere Place parent company acquired in $1.85 billion deal   [07:56AM  American City Business Journals]
▶ 3 Casino Stocks to Buy Now   [Mar-15-18 01:35PM  Zacks]
▶ How Financially Strong Is Eldorado Resorts Inc (NASDAQ:ERI)?   [Mar-07-18 08:11AM  Simply Wall St.]
▶ Eldorado Resorts misses Street 4Q forecasts   [Feb-22-18 05:51PM  Associated Press]

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