Tag Archives: REIT
- US lawmakers oppose Caesar’s REIT plan
June 2, 2016
Fifteen U.S. lawmakers are now up in arms against Caesars Entertainment Corp.’s real estate investment trust (REIT) plan, which will provide the beleaguered gaming and entertainment firm a favorable tax treatment, Reuters reported. In a letter dated May 26, the legislators cautioned Treasury Secretary Jacob Lew from approving Caesars’ REIT...
- One more notice of default and Caesars Entertainment gets a free sandwich
November 25, 2014
Struggling casino operator Caesars Entertainment has been hit with yet another notice of default by a disgruntled creditor. Caesars recently admitted its $25.5b long-term debt load was unsustainable but claims it’s nearing agreement with senior creditors for a restructuring that will inevitably leave some secondary creditors holding notes worth pennies...
- New York Hedge Fund Invest in Boyd Gaming Corp.
March 17, 2014
New York hedge fund Elliot Associates have set the hares running after acquiring a 5% ownership in Boyd Gaming Corp., intensifying speculation over the future of the gaming giant. Is Boyd Gaming Corp. getting ready to join the ranks of gambling entities that are turning into Real Estate Investment Trusts...
- Investing The Hard Way: Where US Regionals Stand Now
March 25, 2013
In my tenure here at CalvinAyre.com, I've been rather bearish on the stocks of operators of regional casinos here in the U.S. I've recommended pairs trades where investors buy Macau operators and sell US ones. I advised selling short the entire US regional sector, and later called Isle of Capri (ISLE)...
Ask not where bitcoin will be tomorrow, but 10 years from now
September 19, 2017
Why the SEC really rejected the Bitcoin ETF
March 14, 2017