« All News

Team Members of the Quarter recognized at Eldorado Reno

Thirty-Nine team members at the Eldorado Resort Casino and Silver Legacy Resort Casino in Reno, NV have been chosen as the Team Members of
the 4th Quarter of 2015. Those earning this honor represent the best among the best in various departments around the Eldorado, exceeding guest
service standards, demonstrating high-powered work ethic and truly making a difference.

Eldorado Resorts would like to congratulate the following team members on a job well done.

  • Eldorado Above & Beyond Recipients
  • Ann Schroeder of Games
  • Peter Majchrzak of Slot Repair
  • Sandra Tat of Casino Marketing
  • Bryan Pincolini of La Strada Culinary
  • Catarino Nunez Rodriguez of Room Service / Grapevine Culinary
  • Jesus Castillo Rodriguez of Millies24 Culinary
  • Cheryl Harvey of Beverage
  • Cynthia Keith of Millies24
  • Christine Jacinto of Pho Mein
  • Libby Walker of the Prime Rib Grill
  • Ivette Molina Ramos of PBX
  • Mike Graf of Valet
  • Sergio Urbina of Housekeeping
  • Elsa Velasquez of Housekeeping
  • Christina Ojeda Diaz of Warehouse
  • Robert Davis of Human Resources
  • Dawn Veltman of Theatre
  • Katelyn Heywood of Theatre
  • Silver Legacy Sterling Club Recipients
  • Norma Sondersted of Slots
  • Julie Sanchez of Games
  • Valentina Crisostomo of Games
  • Juliet Yanga of Games
  • Tony Ly of Games
  • Mathew Wehrman of Beverage
  • Baudelio Rios-Rios of Flavors Buffet
  • John McFarland of Café Central
  • Martin Uribe of Stewarding
  • Eduardo Cortez-Garcia of Sterling’s Steakhouse Culinary
  • Araceli Valadez Godinez of Flavors Buffet Culinary
  • Erik Polaha of Banquets
  • Imelda Corriera of Wardrobe
  • Ofelia Labaro of Retail
  • Allan Gilmore of Valet
  • Brandon Rose of Bell Desk
  • Efrain Ochoa of Public Area Housekeeping
  • Mari Lopez of Housekeeping
  • Thomas Stiles of MIS
  • Finau Kohitolu of Security

Emily Cruz of Reservations/PBX   Each team member listed has shown their commitment to the Eldorado or Silver Legacy through excellence on the job.
“We’re proud to have so many team members who are dedicated to their jobs and who go above and beyond for our guests each and every day,” said Glenn Carano, general manager of the Eldorado and Silver Legacy. “Honoring the team members of the quarter is our way of showing our appreciation for their hard work.”

thumbnail

« All News

Brew Brothers up and brewing at full speed at Scioto Downs Racino

article 2

Brew Brothers is up and brewing at full speed.

The restaurant-brewery inside the Scioto Downs Racino opened in late October, but as is the case with many new breweries, it took a little more time to build up its stock of beer.

But just don’t call it a brewpub.

“This is a dinner house,” Gregg Carano told a crowd at the restaurant’s grand opening event. “My dad used to say, ‘We can’t afford Frank Sinatra, so our food has to be our Frank Sinatra.’ ”

Carano is senior vice president of food and beverage for Reno, Nevada-based Eldorado Resorts Inc. (NASDAQ:ERI), which owns the racino. His father, Don Carano, started the gaming company in 1973. Gregg is one of four Carano siblings, aka “the brew brothers,” including Eldorado CEO Gary Carano, who also attended the opening.

“We’ve opened a number of restaurants in 40 years,” said Gregg Carano, who has moved to Columbus. “Not all of them have opened as smoothly as this one.”

While the menu has plenty of brewpub-type fare like burgers and pizzas, it also serves up a one-pound ribeye steak, shrimp and scallops and baby back ribs.

Brewmaster Ryan Torres is overseeing a system with a 1,000-barrel annual production capacity. The restaurant tapped six different beers for the grand opening, including a Kolsch, a Scotch ale and a stout.

The Scioto Downs’ Brew Brothers in the second in Eldorado portfolio. The first opened 20 years ago in its Reno casino.

The Carano family doesn’t do just beer. Gregg Carano also noted the family has been in the wine business since 1986 with the Ferrari-Carano brand.

« All News

Eldorado Resorts completes acquisition of Silver Legacy and Circus Circus Reno

Company Release – 11/24/2015 9:00 AM ET

RENO, Nev.–(BUSINESS WIRE)– Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it completed the previously announced purchase of MGM Resorts International’s (NYSE: MGM) 50 percent interest in the Silver Legacy Resort Casino Reno, as well as the assets of Circus Circus Reno, for total consideration of $72.5 million cash plus a working capital adjustment. In addition, ERI repaid the entire outstanding balance of the Silver Legacy credit facility, which amounted to approximately $52.6 million on a net debt basis. The transaction was financed with cash on hand, cash from the escrow account established at the time of the Company’s July financings and borrowings under the Company’s revolving credit facility. As a result, Eldorado has withdrawn its registration statement relating to a proposed common stock offering, the proceeds of which were intended to pay a portion of the purchase price for the Circus Circus Reno and 50% interest in the Silver Legacy joint venture.

“The addition of Silver Legacy and Circus Circus Reno to our operations is consistent with our strategy to enhance shareholder value by pursuing strategically and economically attractive transactions,” said Gary Carano, Chairman and Chief Executive Officer of Eldorado. “We are very excited to welcome the Silver Legacy and Circus Circus Reno employees to the Eldorado family at a time when the Reno gaming market and the northern Nevada economy is prospering. Our experience integrating the MTR operations and the talent of our operating teams across Reno’s three leading downtown casino resorts will serve us well as we welcome Silver Legacy and Circus Circus Reno into our operating base.”

Tom Reeg, President of Eldorado, added, “The transaction is immediately accretive to our free cash flow and strengthens our position in the Reno market where gross gaming revenues are up more than 3.5% year-over-year through September. We expect to realize significant cost and revenue synergies with the tri-properties now under common ownership. After careful review of our financing options, we chose to fund the final piece of the transaction with existing revolver capacity, in lieu of an equity offering. Based on the continued strength of our operations, we expect that we will reach our pro forma leverage target of less than five times EBITDA in the first half of 2016.”

The transaction increases Eldorado’s property portfolio to seven wholly-owned and operated facilities in five markets with a total of approximately 10,230 slot machines and VLTs, approximately 300 table games, approximately 4,850 hotel rooms, approximately 35 dining, bar and entertainment options, three pari-mutuel racing facilities and approximately 8,000 team members.

The Silver Legacy is a Nevada mining themed hotel-casino and entertainment complex which features an approximately 89,200-square foot gaming floor with 1,302 slot machines, 63 table games, 1,711 hotel rooms, including 141 player suites, eight penthouse suites and seven hospitality suites, a 50,000 square foot convention center, a race and sports book, two fine dining restaurants, a buffet, food court and four casual dining restaurants. Circus Circus Reno is an iconic circus-themed hotel-casino and entertainment complex which features an approximately 56,000-square foot gaming floor with 908 slot machines, 33 table games, 1,571 hotel rooms, including 67 mini suites, four executive suites and four VIP suites, a sportsbook, two fine dining restaurants, a buffet and three casual dining restaurants. Circus Circus Reno also has a Midway featuring a total of 158 games and a full service wedding chapel with reception services for groups of 25 or more. Silver Legacy, Circus Circus Reno and Eldorado Reno are seamlessly connected by a 200-foot skyway corridor.

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 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.

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: our ability to consummate the purchase of Circus Circus Reno and the 50% interest in Silver Legacy; our ability to integrate the operations of Circus Circus Reno, the Silver Legacy and the MTR Gaming properties and realize the benefits of the Circus Reno/Silver Legacy Purchase, the merger with MTR Gaming and other future acquisitions; our substantial indebtedness and significant financial commitments could adversely affect our results of operations and our ability to service such obligations; restrictions and limitations in agreements governing our debt could significantly affect our ability to operate our business and our liquidity; our facilities operate in very competitive environments and we face increasing competition; our dependence on our Nevada, Louisiana, West Virginia, Pennsylvania and Ohio casinos for substantially all of our revenues and cash flows; our operations are particularly sensitive to reductions in discretionary consumer spending and are affected by changes in general economic and market conditions; our gaming operations are highly regulated by governmental authorities and the cost of complying or the impact of failing to comply with such regulations; 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; changes in interest rates and capital and credit markets; our ability to comply with certain covenants in our debt documents; 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 the intense competition to attract and retain management and key employees in the gaming industry.

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.

Eldorado Resorts, Inc.
Thomas Reeg
President
775/328-0112
investorrelations@eldoradoresorts.com
or
JCIR
Joseph N. Jaffoni, Richard Land
212/835-8500
eri@jcir.com

« All News

Tapping into Ohio’s Newest Craft: The Brew Brothers

BB_Cheeseburger-150x150

Meals

From burgers to wood-fired pizzas, The Brew Brothers is dishing up great food every day – perfect to pair with one of our specialty craft brews or your best friend

Music

With a 336-square-foot stage, state-of-the-art lighting and sound system, and large high-definition TV’s, you can enjoy sports and exciting after hours nightlife events at our complete entertainment venue

shutterstock_287594741-150x150

Microbrews

Featuring award-winning selections, including five drafts custom brewed in-house, five locally crafted beers and in-house brewed root beer, as well as additional commercial offerings, you can watch our Brew Master Ryan Torres craft brews daily in the Open View Brew Room

Features

State-of-the-Art Microbrewery with 10 Brewing Vessels & Open View Brew Room • 44-Foot-Long Bar & Outdoor Patio with Fire Pit • 336-Square-Foot Entertainment Stage • 37-Foot Tall Grain Silo • Wood-Burning Pizza Oven, Smoker & Custom Designed Broiler • Large High-Definition Televisions • World Beer Cup Medal Winner

beer-1-300x297pizza-300x295beer-sampler-300x297        

« All News

Pigskin Payday

Football and Cash in Celebrity Lounge

Every time The Saints, Cowboys, or LSU scores a touchdown, we give away $100 cash!  You could also win a pair of tickets to select Saints home games!

  • Domestic buckets $12
  • Import buckets $15
  • Draft Tower $20

Enjoy sliders, hot wings, and loaded nachos with purchase of any beer bucket during the following times:

Saturday
Collegiate Football
11am- 5pm

Sunday
Pro Football
11am – 5pm

Monday & Thursday
Pro Football
6:30pm – 9pm

 

Call (318) 658-5004 today to reserve your table!

Pigskin-Payday-1423x380

« All News

Eldorado Team Takes Gold at Housekeeping Olympics

Who says the Olympics are just for elite athletes? In Reno, dozens of hotel housekeepers showed off their stuff — at the Housekeeping Olympics. The Eldorado Resort Casino housekeeping team was the overall winner at this year’s event.

Put on by the International Executive Housekeepers Association – Sierra Nevada Chapter, this annual event invites area housekeepers to compete in events like the “Jonny Mop Toss,” “Bonnet Toss” and relay races.

The Eldorado also took first place in the relay race and second place in the Jonny Mop toss.
Additional participants included the Nugget, Circus Circus, Peppermill, Harrahs Reno.

Congratulations to all of the participants of this year’s Housekeeping Olympics!

DSC08915-compressed   DSC08892-compressed  SONY DSC

 

« All News

NEW EXECUTIVE DIRECTOR OF SALES AT SILVER LEGACY

RENO, Nev. (Oct. 9, 2015) – Silver Legacy Resort Casino is pleased to welcome Mike Larragueta as the new Executive Director of Sales. Larragueta joins the team most recently from Baha Mar in the Bahamas, where he was Vice President of Global Distribution Sales. Prior to that, he was Vice President of Sales at the Hard Rock Hotel Casino in Las Vegas.

A University of Nevada graduate, Larragueta is originally from Winnemucca, Nev. and will oversee Convention and Leisure Sales for the downtown Reno property and Reno Ballroom.

“We are very excited to have someone of Mike’s caliber working for us and leading our team,” said Glenn Carano, General Manager of Silver Legacy. “His experience and wealth of knowledge will certainly help our business continue to ‘Go Big’ in the industry.”

About Silver Legacy

Located in the heart of the biggest little city, Silver Legacy Resort Casino is a premier destination, boasting the perfect amenities for any getaway. Official headquarters of the #Renossance, the resort casino features spacious guest rooms and suites, big-name entertainment, award-winning restaurants and the best darn outdoor and special events in the west. Enjoy world-class skiing, kayaking on the Truckee River and all things outdoors along with the only accredited museum in Nevada and arts & culture scene with international acclaim. Silver Legacy makes it easy and affordable to experience the best year round! To stay up-to-date with Silver Legacy Resort Casino, visit us at www.SilverLegacy.com or follow us on Facebook and Twitter.

« All News

The Brew Brothers Opening

Join us at Scioto Downs as we tap into Ohio’s rich brewery tradition with The Brew Brothers opening Monday, October 26!

It’s not just a brew-pub, but a state-of-the-art microbrewery, a restaurant dishing up great food and the hottest entertainment from today’s music scene!

Something’s brewing at Scioto Downs this October – See our craft at The Brew Brothers!

12045553_1096149583751696_1804566404838401852_o