UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
On March 17, 2020 and March 18, 2020, Eldorado Resorts, Inc. (the “Company”) issued press releases announcing temporary closures of their casino properties in Florida, Iowa, Missouri and Nevada. Copies of these press releases are attached hereto as Exhibits 99.1 through 99.4 and are incorporated herein by reference. The temporary closures announced in this Current Report on Form 8K and previously announced on the Current Report on Form 8K dated March 17, 2020 represent closures of all casino properties owned by the Company.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
| Exhibit |
Description | |||
| 99.1 |
Press Release dated March 17, 2020 of Eldorado Resorts, Inc. | |||
| 99.2 |
Press Release dated March 17, 2020 of Eldorado Resorts, Inc. | |||
| 99.3 |
Press Release dated March 17, 2020 of Eldorado Resorts, Inc. | |||
| 99.4 |
Press Release dated March 18, 2020 of Eldorado Resorts, Inc. | |||
| 104 |
Cover page interactive data file (embeded within the inline XBRL document). | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ELDORADO RESORTS, INC., a Nevada corporation | ||||||
| Date: March 23, 2020 |
By: |
/s/ Thomas R. Reeg | ||||
| Name: |
Thomas R. Reeg | |||||
| Title: |
Chief Executive Officer | |||||
Exhibit 99.1
ELDORADO RESORTS TO TEMPORARILY SUSPEND
OPERATIONS AT ITS CASINOS IN NEVADA
RENO, Nev. (March 17, 2020) – Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that, in accordance with an order from Nevada Governor Steve Sisolak, it will temporarily suspend operations at Eldorado Resort Casino Reno, Silver Legacy Resort Casino Reno, Circus Circus Hotel Casino Reno, Tropicana Laughlin Hotel and Casino and MontBleu Resort Casino & Spa Lake Tahoe at 11:59 PM PDT on March 17, 2020.
The Company is continuing to monitor developments related to COVID-19 and reinforcing our policies as necessary. For additional information, please visit our website at www.eldoradoresorts.com
About Eldorado Resorts, Inc.
Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. In aggregate, Eldorado’s properties feature approximately 23,900 slot machines, VLTs and e-tables and approximately 660 table games, and over 11,300 hotel rooms. For more information, please visit www.eldoradoresorts.com.
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, among others, statements regarding 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, and may include statements regarding COVID-19, the length of time Eldorado Nevada casinos will remain closed and whether the Company will be required to close other properties. 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 made herein. Such risks, uncertainties and other important factors include, but are not limited to the impact of COVID-19 and other widespread health emergencies and other risks and uncertainties are described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019.
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.
Contact:
Brian Agnew
Eldorado Resorts
775-328-0112
investorrelations@eldoradoresorts.com
Joseph N. Jaffoni, Richard Land, James Leahy
JCIR
212-835-8500
eri@jcir.com
Exhibit 99.2
ELDORADO RESORTS TO TEMPORARILY SUSPEND
OPERATIONS AT ITS CASINOS IN MISSOURI
RENO, Nev. (March 17, 2020) – Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that, in accordance with an order from the Missouri Gaming Commission, it will temporarily suspend casino operations at Lumière Place Casino and Hotels St. Louis, Isle of Capri Casino Hotel Boonville, and Isle of Capri Casino Kansas City at 11:59 PM CDT on March 17, 2020.
The Company is continuing to monitor developments related to COVID-19 and reinforcing our policies as necessary. For additional information, please visit our website at www.eldoradoresorts.com
About Eldorado Resorts, Inc.
Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. In aggregate, Eldorado’s properties feature approximately 23,900 slot machines, VLTs and e-tables and approximately 660 table games, and over 11,300 hotel rooms. For more information, please visit www.eldoradoresorts.com.
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, among others, statements regarding 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, and may include statements regarding COVID-19, the length of time Lumiere Place, Isle Kansas City and Isle Boonville will remain closed and whether the Company will be required to close other properties. 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 made herein. Such risks, uncertainties and other important factors include, but are not limited to the impact of COVID-19 and other widespread health emergencies and other risks and uncertainties are described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019.
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.
Contact:
Brian Agnew
Eldorado Resorts
775-328-0112
investorrelations@eldoradoresorts.com
Joseph N. Jaffoni, Richard Land, James Leahy
JCIR
212-835-8500
eri@jcir.com
Exhibit 99.3
ELDORADO RESORTS TO TEMPORARILY SUSPEND
OPERATIONS AT ITS CASINOS IN IOWA
RENO, Nev. (March 17, 2020) – Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that, in accordance with an order from Iowa Governor Kim Reynolds, it will temporarily suspend casino operations at the Isle Casino Hotel Bettendorf and Isle Casino Hotel Waterloo at 12PM CDT March 17, 2020.
The Company is continuing to monitor developments related to COVID-19 and reinforcing our policies as necessary. For additional information, please visit our website at www.eldoradoresorts.com
About Eldorado Resorts, Inc.
Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. In aggregate, Eldorado’s properties feature approximately 23,900 slot machines, VLTs and e-tables and approximately 660 table games, and over 11,300 hotel rooms. For more information, please visit www.eldoradoresorts.com.
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, among others, statements regarding 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, and may include statements regarding COVID-19, the length of time Isle of Capri Bettendorf and Waterloo will remain closed and whether the Company will be required to close other properties. 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 made herein. Such risks, uncertainties and other important factors include, but are not limited to the impact of COVID-19 and other widespread health emergencies and other risks and uncertainties are described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019.
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.
Contact:
Brian Agnew
Eldorado Resorts
775-328-0112
investorrelations@eldoradoresorts.com
Joseph N. Jaffoni, Richard Land, James Leahy
JCIR
212-835-8500
eri@jcir.com
Exhibit 99.4
ELDORADO RESORTS TO TEMPORARILY SUSPEND
OPERATIONS AT ISLE CASINO RACING POMPANO, FLORIDA
RENO, Nev. (March 18, 2020) – Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it will temporarily suspend operations at Isle Casino Racing Pompano, Florida at 6PM EDT on March 18, 2020.
The Company is continuing to monitor developments related to COVID-19 and reinforcing our policies as necessary. For additional information, please visit our website at www.islepompanopark.com
About Eldorado Resorts, Inc.
Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. In aggregate, Eldorado’s properties feature approximately 23,900 slot machines, VLTs and e-tables and approximately 660 table games, and over 11,300 hotel rooms. For more information, please visit www.eldoradoresorts.com.
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, among others, statements regarding 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, and may include statements regarding COVID-19, the length of time Isle Casino Racing Pompano casinos will remain closed and whether the Company will be required to close other properties. 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 made herein. Such risks, uncertainties and other important factors include, but are not limited to the impact of COVID-19 and other widespread health emergencies and other risks and uncertainties are described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019.
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.
Contact:
Brian Agnew
Eldorado Resorts
775-328-0112
investorrelations@eldoradoresorts.com
Joseph N. Jaffoni, Richard Land, James Leahy
JCIR
212-835-8500
eri@jcir.com