{"id":137767,"date":"2020-06-04T11:18:42","date_gmt":"2020-06-04T18:18:42","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=137767"},"modified":"2020-06-04T11:58:24","modified_gmt":"2020-06-04T18:58:24","slug":"eldorado-stock-continues-soaring-as-nevada-reopens","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/","title":{"rendered":"Eldorado Stock Approaches Highest Levels Since Early March as Nevada Properties Reopen"},"content":{"rendered":"

Eldorado Resorts (NASDAQ:ERI) is setting a blistering pace Thursday, acting as one of the leaders in a broader gaming industry rally. It is trading higher by more than eight percent at this writing on news that its five Nevada casinos are again open for business.<\/p>\n

\"Eldorado
Circus Circus Reno was one of five Nevada casinos reopened by Eldorado today, sending the stock soaring. (Image: Reno Gazette-Journal)<\/figcaption><\/figure>\n

Eldorado’s current roster of Silver State venues are all in Reno or Lake Tahoe, and those properties participated in a broader reopening across the state that commenced today at 12:01 a.m. Those casinos are the Eldorado Resort Casino, Silver Legacy Resort Casino, and Circus Circus Hotel Casino in Reno, MontBleu Resort Casino Spa in Lake Tahoe, and Tropicana Laughlin.<\/p>\n

In March, ERI announced the sale of the MontBleu to Maverick Gaming.<\/a> But that deal was scuttled in April in favor of selling<\/a> that venue to Twin River Worldwide Holdings (NYSE:TRWH).<\/p>\n

Currently, Eldorado doesn’t operate any venues on the Las Vegas Strip, the gaming hub of the US. But that will change when it completes its $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR), which could happen later this month or next month. Caesars runs eight casinos on the Strip, several of which reopened today<\/strong>.<\/p>\n

Stunning Turnaround<\/h2>\n

Over the past month, gaming companies, particularly those with regional exposure, are seeing their stocks rebound from the March COVID-19 lows in anticipation and confirmation of<\/a> property reopenings. ERI stock has more than doubled over the past month, and is up more than seven-fold from its March lows.<\/p>\n

\u201cWith today\u2019s reopenings in Nevada, 16 of Eldorado\u2019s 23 casino entertainment facilities have resumed operations following the suspension of operations in March,\u201d said the company in a statement.<\/p>\n

\n

Of Eldorado’s seven properties that are still shuttered, one in Indiana could restart in the middle of this month. Longer waits are expected for gaming venues in Illinois, where ERI operates one property. There’s talk that Colorado, where the company runs two venues in Black Hawk, could permit casinos to welcome guests back before the end of June.<\/p>\n<\/div>\n

Among the seven still shuttered Eldorado properties, the longest wait is likely to be the Tropicana in Atlantic City, N.J. As Casino.org<\/i> reported earlier this week, it’s unlikely Garden State lawmakers will approve casino reopenings there before July<\/a>.<\/p>\n

Policies and Procedures<\/h2>\n

Like other Nevada operators, Eldorado is implementing an array of health and safety measures and social distancing protocols, including limited gaming area occupancy. Those policies were mandated by the Nevada Gaming Control Board (NGCB) in advance of reopenings.<\/p>\n

At The Row Reno, where ERI runs the Eldorado Resort Casino, Silver Legacy Resort Casino, and Circus Circus Reno, a phased reopening is underway.<\/p>\n

Silver Legacy\u2019s newly upgraded room accommodations will be the first available, beginning June 4. Silver Legacy is located in the center of the action, with easy access to Eldorado Resort Casino and Circus Circus Reno,\u201d according to the operator.<\/p><\/blockquote>\n

Assuming no other asset sales, the combined ERI\/Caesars will be the dominant operator in Northern Nevada, with five venues across Lake Tahoe and Reno<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eldorado Resorts (NASDAQ:ERI) is setting a blistering pace Thursday, acting as one of the leaders in a broader gaming industry rally. It is trading higher by more than eight percent at this writing on news that its five Nevada casinos are again open for business. Eldorado’s current roster of Silver State venues are all in […]<\/p>\n","protected":false},"author":46,"featured_media":137770,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nEldorado Stock Continues Soaring as Nevada Reopens<\/title>\n<meta name=\"description\" content=\"Eldorado resorts continues its stunning reversal off its March coronavirus lows as investors bid the name higher on Nevada reopening news.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eldorado Stock Continues Soaring as Nevada Reopens\" \/>\n<meta property=\"og:description\" content=\"Eldorado resorts continues its stunning reversal off its March coronavirus lows as investors bid the name higher on Nevada reopening news.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-04T18:18:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-04T18:58:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/cc2-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3200\" \/>\n\t<meta property=\"og:image:height\" content=\"1680\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/\",\"url\":\"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/\",\"name\":\"Eldorado Stock Continues Soaring as Nevada Reopens\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/cc2-scaled.jpg\",\"datePublished\":\"2020-06-04T18:18:42+00:00\",\"dateModified\":\"2020-06-04T18:58:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Eldorado resorts continues its stunning reversal off its March coronavirus lows as investors bid the name higher on Nevada reopening news.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/cc2-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/cc2-scaled.jpg\",\"width\":3200,\"height\":1680,\"caption\":\"Circus Circus Reno was one of five Nevada casinos reopened by Eldorado today, sending the stock soaring. (Image: Reno Gazette-Journal)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Eldorado Stock Approaches Highest Levels Since Early March as Nevada Properties Reopen\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Eldorado Stock Continues Soaring as Nevada Reopens","description":"Eldorado resorts continues its stunning reversal off its March coronavirus lows as investors bid the name higher on Nevada reopening news.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Eldorado Stock Continues Soaring as Nevada Reopens","og_description":"Eldorado resorts continues its stunning reversal off its March coronavirus lows as investors bid the name higher on Nevada reopening news.","og_url":"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-06-04T18:18:42+00:00","article_modified_time":"2020-06-04T18:58:24+00:00","og_image":[{"width":3200,"height":1680,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/cc2-scaled.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/","url":"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/","name":"Eldorado Stock Continues Soaring as Nevada Reopens","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/cc2-scaled.jpg","datePublished":"2020-06-04T18:18:42+00:00","dateModified":"2020-06-04T18:58:24+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Eldorado resorts continues its stunning reversal off its March coronavirus lows as investors bid the name higher on Nevada reopening news.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/cc2-scaled.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/cc2-scaled.jpg","width":3200,"height":1680,"caption":"Circus Circus Reno was one of five Nevada casinos reopened by Eldorado today, sending the stock soaring. (Image: Reno Gazette-Journal)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/eldorado-stock-continues-soaring-as-nevada-reopens\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Eldorado Stock Approaches Highest Levels Since Early March as Nevada Properties Reopen"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/137767"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=137767"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/137767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/137770"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=137767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=137767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=137767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}