1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Eldorado Resorts / CZR funding in trouble? Bloomberg article

Discussion in 'Casino Industry & Development' started by VegasBJ, Mar 16, 2020.

  1. ffejry

    ffejry #1 Bears Fan

    Joined:
    Jan 28, 2015
    Messages:
    2,712
    Location:
    Chicago
    Trips to Las Vegas:
    10
    I lose 50 bucks
     
  2. ffejry

    ffejry #1 Bears Fan

    Joined:
    Jan 28, 2015
    Messages:
    2,712
    Location:
    Chicago
    Trips to Las Vegas:
    10
    I'm a beginner. Just trying to get a little profit really
     
  3. irishdave

    irishdave VIP Whale

    Joined:
    Jan 19, 2015
    Messages:
    2,605
    Location:
    East Coast
    Trips to Las Vegas:
    1
    I think he took a beating from a surly dealer named @notfromconcentrate the other night and is trying to get it back
     
    • Funny Funny x 6
  4. notfromconcentrate

    notfromconcentrate High-rolling diner. Low-rolling gambler.

    Joined:
    Jul 19, 2015
    Messages:
    4,031
    Location:
    Toronto, Canada
    Trips to Las Vegas:
    14
    I'd have been nicer if that dang resort let me wear my bathrobe to work! ;)
     
    Wynn, Eastside Cannery, Laughlin, Plaza (Super Bingo), side trip to LA
    NOLA (3), Vegas (4), Reno (1), Amtrak Zephyr to ORD, Chicago (1)
    • Like Like x 2
  5. ffejry

    ffejry #1 Bears Fan

    Joined:
    Jan 28, 2015
    Messages:
    2,712
    Location:
    Chicago
    Trips to Las Vegas:
    10
    I bought 6 shares of ERI and 3 of CZR. Not expecting much. Just testing the waters on stocks since I have zero experience, but now that I am off for another two weeks (with pay), I have been doing some research. Any tips?
     
  6. ebonecapone

    ebonecapone Low-Roller

    Joined:
    Apr 5, 2016
    Messages:
    122
    Trips to Las Vegas:
    20
    Depends on what your goal is. Are you looking to trade often, or be more of an "investor". Do you want to hold long term (at least a year) or are you willing to pay capital gains (your normal tax rate, instead of 15% like long term) and sell after owning for less than 12 months?

    Picking individual stocks to beat index funds long term is really hard, but if you think of it as gambling, it's somewhat fun to own individual stocks and root for that company. Ones i have been watching these past couple weeks to get at discount to hold at least a year are: TSLA(want more), SHOP, PENN, CZR, LUV, JETS, BAC, NAT, and VZ. (My 401K is diversified and covers everything, so i dont diversify on buying individual stocks).

    Now if you dont have any retirement and are starting fresh, look into simple funds that are diversified. https://www.investopedia.com/articles/markets/101415/4-best-sp-500-index-funds.asp
     
    Last edited: Mar 25, 2020
  7. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    17,984
    Location:
    TN
    Trips to Las Vegas:
    25

    Buying and selling small amounts just messes up your taxes for little gain.

    An easier way to "play" is to buy and sell using a spreadsheet and see how you do. No cost.
     
  8. notfromconcentrate

    notfromconcentrate High-rolling diner. Low-rolling gambler.

    Joined:
    Jul 19, 2015
    Messages:
    4,031
    Location:
    Toronto, Canada
    Trips to Las Vegas:
    14
    I'm not an experienced stock trader, but I've heard that this type of simulation can be misleading because when you aren't dealing with real bids/asks, you operate on the assumption that your order always gets filled, which doesn't always happen in reality. Are you able to speak to that at all?
     
    Wynn, Eastside Cannery, Laughlin, Plaza (Super Bingo), side trip to LA
    NOLA (3), Vegas (4), Reno (1), Amtrak Zephyr to ORD, Chicago (1)
  9. ebonecapone

    ebonecapone Low-Roller

    Joined:
    Apr 5, 2016
    Messages:
    122
    Trips to Las Vegas:
    20
    Depends on what you are using to purchase stocks, but it's pretty easy to buy at the market price for that second of time. Now if you are doing fancier types of transactions, that would be harder to simulate

    I forgot my senior year in college we used a simulator online where we had "cash" and we invested throughout the semester to see how much we could make. Let me see if i can find something like that to try and learn about trades.

    Yeah, something like this: https://www.marketwatch.com/game

    We could even have a VMB group and see who can make the most money :)
     
  10. cjcjcj

    cjcjcj High-Roller

    Joined:
    Oct 18, 2016
    Messages:
    891
    Trips to Las Vegas:
    14
    you can open a paper trading account with lots of the brokers out there. Bid/ask spreads not much to worry about in liquid stocks unless you are "fake" buying 1000s+ of shares
     
  11. irishdave

    irishdave VIP Whale

    Joined:
    Jan 19, 2015
    Messages:
    2,605
    Location:
    East Coast
    Trips to Las Vegas:
    1
    Seriously, unless you have the time and expertise, or have some spare investment dollars just to play with, index funds with what you think is a reasonable allocation across categories for you! Or maybe naked options... ;)
     
    • Agree Agree x 2
  12. Gaggles

    Gaggles VIP Whale

    Joined:
    Nov 28, 2009
    Messages:
    4,657
    Location:
    Calgary Area
    Trips to Las Vegas:
    100
    I added to my RRR holdings on Monday and VICI. Press the Hard 10 and Hard 8!!!!!
     
    Little Gaggles 21st and Big Gaggles...43rd???
  13. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    17,984
    Location:
    TN
    Trips to Las Vegas:
    25
    Though that is true, in most cases it is not that far off. You do not know how much you would or COULD have bought, or sold it for. Pick a number. Bid, ask, daily close, daily open, daily average. It is the big boys that make money on the half a percent swing between bid and ask. Besides, tomorrow that same stock can swing up or down anyways.
     
    • Like Like x 1
  14. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

    Joined:
    Nov 2, 2001
    Messages:
    18,226
    Location:
    Tennessee
    Trips to Las Vegas:
    46
    The deadline for the deal to be completed has passed and now Eldorado has to pony up $2.3 Million per day in fees to Caesars.
    https://www.bloomberg.com/news/articles/2020-03-25/as-caesars-deal-lingers-buyer-faces-2-3-million-a-day-in-fees
     
    • Wow! Wow! x 2
    • Informative Informative x 2
  15. VegasBJ

    VegasBJ VIP Whale

    Joined:
    Aug 23, 2009
    Messages:
    5,608
    Location:
    usually Shadow Creek
    Trips to Las Vegas:
    436
    Wow, those late fees are going to kill Eldorado's free cash flow / capital. These are going to add up quick as most likely not going to be completed any time soon
     
  16. bdautch

    bdautch VIP Whale

    Joined:
    Jul 13, 2013
    Messages:
    1,584
    Trips to Las Vegas:
    24
    So here's my screenplay, "REVERSE D'ALEMBERT":

    CZR is mired in bankruptcy, ElDo rides in to "save the day". ElDo runs their mouths about how many changes there are going to be, how dumb CZR execs are, etc. CZR execs get angry but there's nothing they can do. Stock market hits the skids. ElDo can no longer cover the cost. CZR gets fat and happy on $2.3 mil a day, culminating in another $836 mil at the end. CZR becomes liquid enough to buy ElDo instead, throwing ElDo's insults right back at them at closing.

    FIN
     
    • Funny Funny x 3
    • Like Like x 1
  17. The Rumor

    The Rumor VIP Whale

    Joined:
    Jul 28, 2015
    Messages:
    3,792
    Trips to Las Vegas:
    20
  18. hammie

    hammie VIP Whale

    Joined:
    Sep 18, 2006
    Messages:
    5,368
    Trips to Las Vegas:
    8
  19. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

    Joined:
    Nov 2, 2001
    Messages:
    18,226
    Location:
    Tennessee
    Trips to Las Vegas:
    46
    Per that article, the fee goes to all shareholders upon closing.