Eldorado Resorts, Inc.: Eldorado Resorts, Inc.'s two acquisition announcements are a credit positive
The size and diversification benefits that ERI will obtain from the acquisitions will more than offset that risk associated with the increase in leverageEldorado Resorts is a holding company. Through its subsidiaries, the company is a gaming and hospitality company that owns and operates gaming facilities. The company's properties, which are located in Ohio, Louisiana, Nevada, New Jersey, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, Illinois, Indiana and Missouri, feature slot machines and video lottery terminals, table games and hotel rooms. The company's gaming operations include hotels, restaurants, bars, entertainment, racing, retail shops and other services. The company also operates Racelinebet.com, a national account wagering service that provides online and telephone wagering on horse races.
MGM Resorts International is a holding company. Through its subsidiaries, the company owns and operates casino, hotel, and entertainment resorts across the United States and in Macau. The company's segments include: Las Vegas Strip Resorts, which consists of casino resorts such as Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, and Park MGM; Regional Operations, which consists of casino resorts such as MGM Grand Detroit, Beau Rivage, Gold Strike Tunica, Borgata, MGM National Harbor, MGM Springfield, Empire City, and MGM Northfield Park; and MGM China, which owns and operates casino resorts and the related gaming subconcession and land concessions.
Tropicana Entertainment owns and operates regional casino and entertainment properties located in the U.S. and one hotel, timeshare and casino resort property located on the island of Aruba. The company also provides management services to the Taj Mahal Casino Hotel property in Atlantic City. The company's U.S. properties include two casinos in Nevada and one casino in each of Indiana, Louisiana, Mississippi, Missouri and New Jersey. The company primarily cater to local and regional guests to provide gaming environment with lodging, dining, retail and entertainment amenities. The company's properties provides a range of gaming options. Through its subsidiary, TropWorld Games LLC, the company operates an online social gaming site.
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