- Language: English
- Published: September 2014
- Region: United States
Summary: Eldorado Resorts LLC Oct 03
- ID: 1787463
- October 2003
- Standard & Poors
The ratings on Reno, Nev.-based Eldorado Resorts LLC reflect limited cash flow diversity in operating a single property and negative market trends affecting the Reno market, particularly given the expansion of Native American gaming in Northern California. These factors partially are offset by the property's good position within the market. Eldorado Resorts owns and operates the Eldorado Hotel & Casino. In addition, through a wholly owned subsidiary, it is a 50% owner of the Silver Legacy Resort Casino, a hotel and casino adjacent to the Eldorado. Operating results have been negatively affected by the weak economy and the intensely competitive market environment in Reno, resulting in a decrease in customer traffic and overall gaming volumes. Performance at the Eldorado as...
Companies mentioned in this report are: Eldorado Resorts LLC
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >