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Caesars has been in discussion with local gaming machine makers, Konami and Sega Sammy Holdings, in anticipation of changes in the Japanese casino ban.
Caesars Entertainment’s (CZR) interest coverage ratio (or ICR) has been deteriorating due to its enormous amount of debt levels in its capital structure.
Caesars Entertainment’s (CZR) stockholders equity is negative, according to its latest balance sheet. Stockholder equity consists of capital contributed and retained earnings.
127 institutional investors holding ~86.5 million shares dominate Caesars Entertainment‘s (CZR) ownership structure.
Caesars Entertainment (CZR) has taken steps to position its wholly owned subsidiary, Caesars Entertainment Operating Company (or CEOC), for stock listing and de-leveraging.
Bondholders claimed that Caesars Entertainment deliberately and fraudulently transferred some of its assets to its affiliated subsidiaries to protect such assets from creditors.
Texas Pacific Group and Apollo Management took Harrah’s Entertainment, now Caesars Entertainment, private in a leveraged buyout deal valued at $30.7 billion in 2008.
Standard & Poor’s recently downgraded Caesars Entertainment’s (CZR) bond credit rating to CCC as a result of liquidity concerns.
Caesars Entertainment is a highly leveraged company with debt in excess of 100% in its capital structure with total liabilities exceeding its total assets.
Caesars Entertainment reported a Q2 loss of $466.4 million, or $3.24 a share, as compared to last year’s Q2 loss of $212.2 million, or $1.69 a share.
Recently, Caesars Entertainment (CZR) closed down its profitable Atlantic City casino Showboat, which had operated for 27 years.
Caesars Entertainment’s first trade day was one of the best initial public offering performances in the history of the U.S. stock market.
Caesars Entertainment has 51 casinos in 13 U.S. states and five countries. 38 are in the U.S. and primarily consist of land-based and riverboat casinos.
As of September 20, 2014, Brinker International’s (EAT) year-to-date (or YTD) return was 6.56%—compared to returns of 9.9% on the S&P 500 Index and -7.9% on the casual restaurant segment.
Brinker International (EAT) reported its earnings before the market opened on August 7. Shares started trading at $47.25. This was up 6% from the previous day’s close of $44.43.
For fiscal year 2015, management expects 1%–2% growth in company-owned restaurant sales. The company expects overall revenue growth of 4%. It expects diluted earnings per share (or EPS) between $3 to $3.15.
Brinker International (EAT) reported a net loss of $28.8 million—compared to a net income of $46.4 million in the same quarter last year. Net profit margins for the second quarter were 4%.
EAT’s cost of sales was 25.9% in the fourth quarter as a percentage of sales—compared to 26.1% in the same quarter last year. Other operating expenses include labor and recurring costs associated with operating a restaurant.
Brinker International’s company-owned revenues were $735 million. They grew 3.6% from $709 in the same quarter last year. Almost 96% of the company’s revenues come from company-owned restaurant locations.