Eldorado Resorts to Participate in Four Upcoming Investor Conferences
November 28 2016 - 5:15PM
Business Wire
Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the
Company”) announced today that President, Tom Reeg, will
participate in four upcoming institutional investor
conferences:
- November 29: BofA 2016 Leveraged
Finance Conference to be held at Boca Raton Resort and Club,
Florida
- Mr. Reeg will make a group company
presentation at 8:10 a.m. ET
- Mr. Reeg will conduct one-on-one and
small group meetings with institutional investors throughout the
day
- December 1: SunTrust Robinson
Humphrey 2016 Lodging & Leisure Conference to be held at the
Langham Hotel, Boston
- Mr. Reeg will conduct one-on-one and
small group meetings with institutional investors throughout the
day
- December 6: Buckingham Research
Group’s 1st Annual Consumer Conference to be held at The Benjamin,
New York City
- Mr. Reeg will conduct small group
meetings with institutional investors throughout the day
- December 7: KeyBanc Capital
Consumer Conference to be held at the InterContinental New York
Barclay, New York City
- Mr. Reeg will conduct one-on-one and
small group meetings with institutional investors throughout the
day
About Eldorado Resorts, Inc.
Eldorado Resorts is a casino entertainment company that owns and
operates seven properties in five states, including the Eldorado
Resort Casino, the Silver Legacy Resort Casino and Circus Circus
Resort Casino in Reno, NV; the Eldorado Resort Casino in
Shreveport, LA; Scioto Downs Racino in Columbus, OH; Mountaineer
Casino Racetrack & Resort in Chester, WV; and Presque Isle
Downs & Casino in Erie, PA. For more information, please visit
www.eldoradoresorts.com.
The Company recently announced that it has entered into a
definitive merger agreement to acquire Isle of Capri Casinos, Inc.
(NASDAQ: ISLE) for total consideration of $1.7 billion. Upon
completion of the transaction, expected to occur in the second
quarter of 2017, Eldorado will add 12 additional properties to its
portfolio taking into account announced divestitures.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Forward-looking statements include
statements regarding our strategies, objectives and plans for
future development or acquisitions of properties or operations, as
well as expectations, future operating results and other
information that is not historical information. When used in this
press release, the terms or phrases such as “anticipates,”
“believes,” “projects,” “plans,” “intends,” “expects,” “might,”
“may,” “estimates,” “could,” “should,” “would,” “will likely
continue,” and variations of such words or similar expressions are
intended to identify forward-looking statements. Although our
expectations, beliefs and projections are expressed in good faith
and with what we believe is a reasonable basis, there can be no
assurance that these expectations, beliefs and projections will be
realized. There are a number of risks and uncertainties that could
cause our actual results to differ materially from those expressed
in the forward-looking statements which are included elsewhere in
this press release. Such risks, uncertainties and other important
factors include, but are not limited to: the timing of consummating
a potential transaction between Eldorado and Isle; the ability and
timing to obtain required regulatory approvals (including approval
from gaming regulators) and satisfy or waive other closing
conditions; the ability to obtain the approval of stockholders of
Eldorado and Isle; the possibility that the merger does not close
when expected or at all or that the companies may be required to
modify aspects of the merger to achieve regulatory approval;
Eldorado’s ability to realize the synergies contemplated by a
potential transaction; Eldorado’s ability to promptly and
effectively integrate the business of Eldorado and Isle;
uncertainties in the global economy and credit markets and its
potential impact on Eldorado’s ability to finance the transaction;
the outcome of any legal proceedings that may be instituted in
connection with the transaction; the ability to retain certain key
employees of Isle; the possibility of a material adverse change
affecting Eldorado or Isle; the possibility that the business of
Eldorado or Isle may suffer as a result of the announcement of the
transaction; Eldorado’s ability to obtain financing on the terms
expected, or at all; changes in value of our common stock between
the date of the merger agreement and the closing of the merger; our
substantial indebtedness and the impact of such obligations on our
operations and liquidity; competition; our geographic
concentration; sensitivity of our operations to reductions in
discretionary consumer spending and changes in general economic and
market conditions; governmental regulations and increases in gaming
taxes and fees in jurisdictions in which we operate; risks relating
to pending claims or future claims that may be brought against us;
the effect of disruptions to our information technology and other
systems and infrastructure; construction factors relating to
maintenance and expansion of operations; our ability to attract and
retain customers; weather or road conditions limiting access to our
properties; the effect of war, terrorist activity, natural
disasters and other catastrophic events; and competition to attract
and retain management and key employees.
In light of these and other risks, uncertainties and
assumptions, the forward-looking events discussed in this press
release might not occur. These forward-looking statements speak
only as of the date of this press release, even if subsequently
made available on our website or otherwise, and we do not intend to
update publicly any forward-looking statement to reflect events or
circumstances that occur after the date on which the statement is
made, except as may be required by law.
Important Information for Investors and Stockholders
The information in this press release is not a substitute for
the prospectus/proxy statement that Eldorado and Isle will file
with the Securities and Exchange Commission (the “SEC”), which will
include a prospectus with respect to shares of Eldorado common
stock to be issued in the merger and a proxy statement of each of
Eldorado and Isle in connection with the merger between Eldorado
and Isle (the “Prospectus/Proxy Statement”). The Prospectus/Proxy
Statement will be sent or given to the stockholders of Eldorado and
Isle when it becomes available and will contain important
information about the merger and related matters, including
detailed risk factors. SECURITY HOLDERS OF ELDORADO AND ISLE ARE
ADVISED TO READ THE PROSPECTUS/PROXY STATEMENT CAREFULLY WHEN IT
BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED MERGER. The Prospectus/Proxy Statement and other
documents that will be filed with the SEC by Eldorado and Isle will
be available without charge at the SEC’s website, www.sec.gov, or
by directing a request when such a filing is made to (1) Eldorado
Resorts, Inc. by mail at 100 West Liberty Street, Suite 1150, Reno,
Nevada 89501, Attention: Investor Relations, by telephone at (775)
328-0112 or by going to the Investor page on Eldorado’s corporate
website at www.eldoradoresorts.com; or (2) Isle of Capri Casinos,
Inc. by mail at 600 Emerson Road, Suite 300, Saint Louis, Missouri
63141, Attention: Investor Relations, by telephone at (314)
813-9200, or by going to the Investors page on Isle’s corporate
website at www.islecorp.com. A final proxy statement or
proxy/prospectus statement will be mailed to stockholders of
Eldorado and Isle as of their respective record dates.
The information in this press release is neither an offer to
sell nor the solicitation of an offer to sell, subscribe for or buy
any securities, nor shall there be any sale, issuance or transfer
of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction. This communication
is also not a solicitation of any vote in any jurisdiction pursuant
to the proposed transactions or otherwise. No offer of securities
or solicitation will be made except by means of a prospectus
meeting the requirements of Section 10 of the Securities Act of
1933, as amended.
Proxy Solicitation
Eldorado and Isle, and certain of their respective directors,
executive officers and other members of management and employees
may be deemed participants in the solicitation of proxies in
connection with the proposed transactions. Information about the
directors and executive officers of Eldorado is set forth in the
proxy statement for Eldorado’s 2016 annual meeting of stockholders
and Eldorado’s 10-K for the year ended December 31, 2015.
Information about the directors and executive officers of Isle is
set forth in the proxy statement for Isle’s 2016 annual meeting of
shareholders and Isle’s Form 10-K for the year ended April 24,
2016. Investors may obtain additional information regarding the
interests of such participants in the proposed transactions by
reading the prospectus/proxy statement for such proposed
transactions when it becomes available.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161128006112/en/
Eldorado Resorts, Inc.Thomas Reeg, 775-328-0112President and
Chief Financial
Officerinvestorrelations@eldoradoresorts.comorJCIRJoseph N.
Jaffoni, Richard Land212-835-8500eri@jcir.com
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