hiddenlevers is a financial technology company with offices located in both new york city and atlanta .

it provides financial advisors and professional traders with web-based tools to assess macro risks and stress test portfolios .

advisors use the correlations engine and easy user interface to help clients understand risk in portfolios , showcase hedging strategies , and compare portfolios in several macro-economic outcomes .

hiddenlevers

hiddenlevers ' s headquarters is located in new york , new york . for every employee , hiddenlevers generates $ 209 . 4k in revenue . hiddenlevers has 1 followers on owler .
owler has collected 14 screenshots of hiddenlevers ' website since jun 2014 . the latest hiddenlevers website design screenshot was captured in mar 2018 .
hiddenlevers mastermind session : top faqs of hiddenlevers from hiddenlevers on vimeo . get ready for another amazing hiddenlevers mastermind session ( literally the hottest thing since sliced bread ) . in this episode , we gathered the most frequently asked questions our advisors hadabout hiddenlevers . your hosts , jeff + david , will dive into each question and give you the
in addition to providing access to hiddenlevers for the stress testing of prospect portfolios , global financial is also using hiddenlevers as a financial planning tool .
use hiddenlevers to stress test fixed income securities . click here for high - resolution version
we were early adopters of hiddenlevers and now consider it a key tool for our practice .
hiddenlevers ' headquarters is located in new york , new york , usa 10013 . hiddenlevers has an estimated 39 employees and an estimated annual revenue of 8 . 2m . . . .
as an investment advisor , i would not want to be without an analytical tool like hiddenlevers .
hiddenlevers is the complete risk platform helping financial advisors with portfolio management needs and client friendly presentation .
since we began using hiddenlevers over a year ago , it has become an indispensable tool for us .
as a prospecting tool , hiddenlevers helps me illustrate how someone is being underserved by their current advisor .
hiddenlevers , the portfolio stress testing platform for financial advisors , today announced that it n . . .
summit equities , the renowned investment advisory firm , is greenlighting hiddenlevers as a core techn . . .
the company is also in discussions with pershing and td ameritrade institutional to integrate hiddenlevers into their platforms .
hiddenlevers announced thursday it has shifted its headquarters from new york city to decatur , in ano . . .
about hiddenlevers hiddenlevers is quickly becoming the premier portfolio stress testing solution for both portfolio managers and financial advisors everywhere . the cloud - based platform includes a library of macro scenario research , portfolio stress testing , portfolio risk profiles , thoughtful client - facing output and an enterprise level risk monitoring . hiddenlevers is based in new york city .
about hiddenlevers hiddenlevers is quickly becoming the premier portfolio stress testing solution for both portfolio managers and financial advisors everywhere . the cloud - based platform includes a library of macro scenario research , portfolio stress testing , risk profiles for portfolios , automated risk monitoring , and thoughtful client - facing output . hiddenlevers is based in new york city .
we ' ve made a significant investment in the people we serve by integrating hiddenlevers into our technology offering .
you’ve used hiddenlevers , then , to strengthen relationships with existing clients . do you use it to attract new clients ?
you’re viewing a free company profile from the pitchbook platform . to explore hiddenlevers’s full profile , request a free trial .
hiddenlevers mastermind session – smas , options , structured notes from hiddenlevers on vimeo . many advisors use hiddenlevers to model risk + return for stocks and bonds , but did you know , we can also help model nearly any type of asset class from options to structured products to alts to non - marketable securities . in our recent mastermind session , co - hosts
advisors using hiddenlevers can run various macro - economic scenarios and see what the expected outcomes are on their portfolios . hiddenlevers adds pre - specified scenarios for users to explore , for example “gold crash , ” or “revolution in the arab street . ”
hiddenlevers is a provider of next - level risk technologies , aimed at portfolio managers , financial advisors , and corporate treasuries .
jeff baker is a member of hiddenlevers , an interactive stress testing and risk platform based out of new york . hiddenlevers works with financial advisors , holistic planners , broker dealers , and asset managers to stress test investment portfolios and optimize return outcomes .
joonas is a jack of all trades , whose role at hiddenlevers is split between sql bro - gramming and relationship management . joonas spends most of his time at the hiddenlevers hq , but outside the office joonas is an accomplished pianist , theatrical performer and philanthropist . joonas has a bachelors degree in economics and public relations from syracuse university . before his stint at hiddenlevers , joonas worked as an economic researcher at the ministry of economic affairs in estonia , making him the most estonian member of the hiddenlevers team .
new york , march 01 , 2017 ( globe newswire ) - for immediate release orion selects hiddenlevers as key t . . .
atlanta , june 28 , 2018 / prnewswire / - - hiddenlevers , a provider of financial risk technologies , has s . . .
chicago , il - - ( marketwired - jan 27 , 2015 ) - hiddenlevers , the premier portfolio stress testing platfo . . .
atlanta , ga - - ( marketwired - nov 13 , 2014 ) - hiddenlevers , the premier portfolio stress testing platfo . . .
at hiddenlevers , we use adjusted closing price for all total return calculations seen on the site . the definition of adjusted closing price :
most clients don ' t understand asset management . with hiddenlevers , we take real - world scenarios and illustrate how their portfolio may react .
new york , ny - - ( marketwired - aug 26 , 2015 ) - hiddenlevers , the premier portfolio stress testing platf . . .
new york , ny - - ( marketwired - jul 16 , 2015 ) - hiddenlevers , the premier portfolio stress testing platf . . .
new york , ny - - ( marketwired - oct 8 , 2014 ) - hiddenlevers , the portfolio stress testing ï¿½platform fo . . .
you started using hiddenlevers just a couple of months after it was launched . are you concerned about the pitfalls of being an early adopter ?
contact : raj udeshi hiddenlevers + 1 212 292 3147 email contact alexa auerbach morningstar , inc . + 1 312 696 - 6481 email contact
hiddenlevers - passes - 200b - in - assets - on - platform - opens - new - headquarters - in - atlanta - 300673927 . html
envestnet has integrated with hiddenlevers to deliver its portfolio stress testing tools directly from the envestnet advisor suite . use hiddenlevers’ economic scenarios and macro correlations modeling to give clients a sense of how vulnerable their investments may be to various economic changes , and what they might do to help protect their portfolio .
with markets at highs and fears of a correction , financial advisors using orion advisor services can access hiddenlevers to model scenarios like rising interest rates , middle east turmoil , and global deflation . the single sign - on integration allows orion users who subscribe to hiddenlevers to import their account positions into the hiddenlevers cloud - based software . once there , they can visualize market beta risk , showcase hedging options , and provide an interactive experience for clients .
hiddenlevers announced thursday it has shifted its headquarters from new york city to decatur , in another sign that atlanta ' s fintech scene is gaining traction .
hiddenlevers and morningstar will host a webinar on wednesday , feb . 4 at 4 p . m . et to provide additional information about the benefits of the integration and how clients can begin using the combined services . advisors can create a hiddenlevers trial account , and register for the webinar at urltoken .
new york , ny - - ( marketwired - may 13 , 2016 ) - hiddenlevers , the leading portfolio stress testing platform for financial advisors and asset managers , now has universal fixed income modeling . financial professionals subscribing to hiddenlevers risk management software can get instant risk analytics on millions of fixed income securities .
hiddenlevers ' research team creates scenarios to model recessions , crises , and other economic events , using historical research and analysis on how economic indicators are correlated .
new york , ny - - ( marketwired ) - - 05 / 13 / 16 - - hiddenlevers , the leading portfolio stress testing platf . . .
new york , ny - - ( marketwired ) - - 08 / 26 / 15 - - hiddenlevers , the premier portfolio stress testing platf . . .
new york , ny - - ( marketwired ) - - 07 / 16 / 15 - - hiddenlevers , the premier portfolio stress testing platf . . .
when it comes to engaging with prospects your brand of service is your unique , competitive advantage . but with changing times technology has become the center of many firms . using the right software has become increasingly important , and financial softwares like hiddenlevers and redtail can help amplify your competitive edge to win new business . with hiddenlevers
we took a look at one company in this new game , new york city based hiddenlevers , which early this year launched a service that tries to uncover the hidden connections between economic trends and stock prices and portfolio performance . see : how hiddenlevers is using the web to bring wirehouse - type economic analysis to rias .
hiddenlevers ' research team creates scenarios to model recessions , crises , and other economic events , using historical research and analysis on how economic indicators are correlated . the hiddenlevers scenario library contains almost 90 different built - in scenario outcomes covering events across a range of categories like domestic ( us ) , monetary , global , historical , and more . these built - in scenarios are just a starting point - scenarios can be customized or created from scratch in hiddenlevers to analyze virtually any macro event .
combining interactive data ' s expertise and range of fixed income evaluations with hiddenlevers risk analytics engine and scenario - based stress testing gives the market a powerful new tool ,
said andrew hausman , president of interactive data ' s pricing and reference data division .
we are pleased to support hiddenlevers innovation in risk technology .
jeff assists the hiddenlevers team in sales and business development . jeff leverages his prior experience as an investment analyst to support product development as well as developing new business relationships . prior to working at hiddenlevers , jeff held investment analyst positions with ubs and raymond james . jeff is a graduate of northwestern university with a bachelors degree in economics .
, director of financial planning at global financial .
we ' ve taken advantage of hiddenlevers scenarios like oil crash , global deflation and tech bubble 2 . 0 .
no ownership rights : all content on the site , including text , graphics , logos , button icons , images , and software , is the property of hiddenlevers or its content suppliers , and is protected by u . s . and international copyright laws . “hiddenlevers” , “gxworks” , and the hiddenlevers logo are trademarks of gxworks , llc . other featured words or symbols , used to identify the source of goods and services , may be the trademarks of their respective owners in the united states and / or other countries .
suhail ali leads system integration and public api development at hiddenlevers . suhail has over 15 years of experience in technical consulting in the financial services , telecom , insurance and credit card processing industries . prior to hiddenlevers , suhail was director of product development at axela technologies . he is a graduate of northern illinois university with bachelor’s degrees in computer science .
the compilation ( that is , the collection , arrangement , and assembly ) of all content on the site is the exclusive property of hiddenlevers and is protected by u . s . and international copyright laws . all software used on this site is the property of hiddenlevers or its software suppliers and protected by u . s . and international copyright laws .
, hiddenlevers integrations ace .
we started with our data integration and built a single sign - on in 22 hours . mad props to orion for bringing us together .
in terms of dividends , hiddenlevers includes dividends in the price history of any publicly traded investment , but does not assume reinvestment . this is in line with adjusted closing price :
in addition to being a handy tool for charting within his articles on seeking alpha , leventhal says he sees potential in hiddenlevers as a tool to help select products and to manage clients .
i use hiddenlevers scenarios in presentations in community education programs and i’ve gotten a [ few ? ] new clients . it also helps distinguish me as an ria from the brokerage industry . *
to get best - of - breed fixed income data , hiddenlevers tapped interactive data corporation , a leading provider of fixed income evaluated pricing and subsidiary of intercontinental exchange ( nyse : ice ) .
downside risk as a topic has often been a disconnect between advisors and clients – just statistics and jargon . hiddenlevers stress testing platform employs imagery and interactive functionality to make sure everyone is engaged .
unauthorized use of your account : you agree to promptly notify hiddenlevers of any known or suspected unauthorized use ( s ) of your account for the service , or any known or suspected breach of security , including loss , theft , or unauthorized disclosure of your password or credit card information . hiddenlevers shall not be liable for any loss or damage resulting from your failure to safeguard your password and account .
hiddenlevers is always bringing features that help enhance client experience , improve efficiency , and help financial professionals stay ahead of the market . check out what we ' ve released ( so far ) this year !
, group president , advisor services at envestnet .
hiddenlevers has provided a substantive value in the risk tech category , and to see global financial using it to maintain sales momentum is just fantastic .
you have a background in economics and have said that you and your firm tend to approach things quantitatively . what about advisers who aren’t as well versed in economics ? can they find value in hiddenlevers ?
hiddenlevers offers sophisticated macro scenario modeling , hedging strategies and risk profiles , but makes sure the analysis is just as useful for the client - facing advisor as it is for the investment committee . “we make a huge effort to make everything understandable , even exciting , for the end client . it’s just better when advisors can talk about risk in real terms , ” says raj udeshi , co - founder , hiddenlevers .
chicago , il - - ( marketwired - jan 27 , 2015 ) - hiddenlevers , the premier portfolio stress testing platform , has teamed up with morningstar to make it easier for mutual advisor clients to stress test portfolios . subscribers of morningstar office ( sm ) , the company ' s practice management system for financial advisors , can now import portfolios directly into hiddenlevers and gauge how big picture economic scenarios might affect their investments .
. financial advisors using orion can import accounts directly into hiddenlevers , and use the stress testing tools to help clients understand risk / reward trade - offs , showcase hedging strategies , and step up their overall practice .
while it’s still early — the company launched just ten months ago — to assess its value in the investment process or its track record in correlating economic trends to asset prices , hiddenlevers has its share of devoted subscribers .
hiddenlevers has the right to withdraw or remove features of the service at any time , and without prior notice to you , with or without refunds or price adjustments , at the company & apos ; s sole discretion .
hiddenlevers helps investors generate trading ideas based their economic views , and understand how big picture scenarios will impact their investments . the team is comprised of successful wall street macro - traders , economic experts , and black swan contrarians .
have set out to bring the kind of quantitative economic analysis that wall street and hedge funds rely on to independent advisors . hiddenlevers’ new ria - focused product , released two weeks ago , offers portfolio - specific scenario analysis and
not in the sense where i’ve used hiddenlevers results to , say , buy one etf over another etf , but i use it to stay in or get out of asset classes or get into new types of asset classes .
orion invited hiddenlevers to participate in fuse , its inaugural developers retreat in the utah mountains . this weekend hackathon brought together top developers of the industry ' s best tech companies to get inspired and quickly hammer out new ideas .
hiddenlevers ( “the company” ) should be used for informational purposes only and does not constitute investment advice . if you make investment decisions based on information you receive in connection with the site , you do so at your own risk and hiddenlevers and its employees will not be liable for any losses that you may sustain . site users should conduct their own independent research and due diligence and obtain professional advice , if necessary , before making any investment decisions or recommendations .
ashleigh helps operate the hiddenlevers messaging machine and spread the gospel of client facing risk tech . through social media , digital campaigns , and conference programming , she gets fintech seekers to the front door of hiddenlevers . refusing to live in some marketing silo , ashleigh takes support calls herself just to make sure the customer experience is enjoyable . miss nails is a graduate of troy university with a bachelors in marketing and is currently pursuing her master’s in communication from purdue university .
hiddenlevers uses big data to measure millions of relationships between the economy and investments . interest rates affect home sales and oil prices , which impact the price of home depot stock . we uncover these links for 35 , 000 + investments .
i think we need to say it one more time : hiddenlevers broke $ 200b in assets on our platform . that ' s $ 200b being stress tested and analyzed to make sure clients meet goals and understand risk + reward ! urltoken
hiddenlevers lets you change assumptions on the fly , and provides very humanizing language and visuals ,
said dixon .
the idea is to have global financial advisors use stress testing to actually build closer relationships with their clients .
nevin’s note : hiddenlevers is roughly to economic analysis what brightscope is to 401 ( k ) plans . they each gather and analyze data that are publicly available , package them up in useful , web - based dynamic charts , tables , and
leventhal pointed me to his recent post , a funny thing happened on my way to selling diebold , and explained that hiddenlevers’ macro profile tool helped him uncover a few relationships above and beyond what he was able to glean from other research sites .
but far from implying that our models are infallible , we enable clients to adjust assumptions and correlations throughout the system as they use it . this enables advisors to use our tools to model based on their own insights in addition to using hiddenlevers’ analysis .
another mic drop moment brought you by hiddenlevers ! today , we launched sma data on our platform . every sma can be stress tested , used in proposals , and makes manager review easier than ever . see historical data + holdings on 8000 + smas . urltoken
, president and ceo of orion .
hiddenlevers fits perfectly into that new vision , as they represent web 3 . 0 for advisors , in both functionality and visual appeal , and we are glad to have them as an adopter of our new interface .
no warranty or guarantee is given regarding the accuracy or completeness of the information provided on the site and under no circumstances will hiddenlevers be held responsible , or liable for errors , or omissions resulting in any loss or damage caused or alleged to be caused by information contained in the material presented on the site , including but not limited to direct , indirect , incidental , special or consequential damages caused by using the information . hiddenlevers does not sponsor or promote any of the securities or financial instruments or indices listed on the site .
2015 has brought renewed market volatility , and investor concerns about macro uncertainty are only rising ,
said raj udeshi , co - founder of hiddenlevers .
without dynamic engagement around risk in your advisory practice , you ' re no better than a robot .
high - yield bonds were ground zero for the impact of tanking oil prices , but only a fifth of them were related to energy . advisors using the hiddenlevers ria risk toolkit could distinguish divergent behavior in high - yield issues , for both themselves and for their clients .
any action against hiddenlevers arising from or relating to your access to and use of the website and the provisions of these terms and conditions must be brought by you in state or federal court located in the state of georgia , county of dekalb . you consent to the jurisdiction and venue of the state and federal courts located within the state of georgia , county of dekalb , for the adjudication of all claims by hiddenlevers against you arising from or relating to your access to and use of the website and the provisions of these terms and conditions .
audrey assists the team in project management and customer relations . when she ' s not aiding the product dev team in the release of new features , she uses her prior experience in marketing to build and maintain positive relationships with hiddenlevers users . she has made it her goal to ensure that users are utilizing hiddenlevers to its fullest potential and are consistently aware of how the latest updates and newest features can be used in their client workflow . audrey is a graduate of emory university , with a degree from the goizueta business school in marketing and isom .
dhwani is a full - stack developer at hiddenlevers and is responsible for developing and maintaining the company ' s front - end , application , and database software . besides development , she enjoys teaching kids . she is a graduate of dharmsinh desai university with a bachelor’s degree in computer science .
based in the cloud , hiddenlevers recalculates correlations daily , doing six million regressions a day and testing them for statistical significance . the company has about 230 subscribers , including rias , hedge funds and individual users at institutions such ubs , merrill lynch , wells fargo and j . p . morgan .
“we’re trying to educate this audience on how to talk about risk with clients , ” says hiddenlevers co - founder raj udeshi . “it’s not about predicting the future , but about preserving wealth . we’re trying to help advisors deal with uncertainty and to do it without having to have ten analysts . ”
the first hiddenlevers success stories came when us treasuries got downgraded in the 2011 debt ceiling debacle ,
said ghanta .
our scenario analysis showed that the bond market would stay strong , counter - intuitively , and the pros have been using us to stress test fixed income assets ever since .
did the recent market plunge have your clients worried and stressed ? your clients and models should be prepared and hiddenlevers can help . in this session we’ll cover : how to discuss risk and volatility with your clients how to make model changes to combat our current volatile environment stress testing for various potential 2018 outcomes your
is quickly becoming the premier portfolio stress testing solution for both portfolio managers and financial advisors everywhere . the cloud - based platform includes a library of macro scenario research , portfolio stress testing , risk profiles for portfolios , automated risk monitoring , and thoughtful client - facing output . hiddenlevers is based in new york city .
we work with some of the best financial advisors in the world . today’s spotlight shines on trust point advisors how did you get started with hiddenlevers ? trust point’s goal was to find a portfolio risk management platform to help our investment team identify unforeseen risks in our client portfolios . when clients decide to work with us ,
here at hiddenlevers we’re continuously updating and releasing new features to help advisors . this year we’ve released new analytics , an investor policy statement , and structured note support . what is the survey tracker ? survey tracking—our latest feature—is yet another utensil in our advisors’ tool box . with all your prospects + clients it can be difficult to
“if there really is a municipal bond crisis , or if the euro zone really does go into a free fall , what happens to joe smith’s portfolio that i’m managing and the specific positions that he holds ? ” asks ghanta . he says that hiddenlevers is the first service geared toward rias that is meant to answer this question .
hiddenlevers provides you with risk management , client presentation , and now retirement analysis . with our newest feature , cash flow analysis , we created a new way to present potential risks of your prospect + client’s financial plans . check out the replay of this month’s mastermind as david + jeff walk through : 1 . why we decided to
developed by two former wall streeters with experience in it , sales and trading , hiddenlevers looks at equities , etfs , adr shares , mutual funds , bond funds , equity options , major currencies and soon , fixed - income instruments , and correlates their movements with 130 economic “levers” or indicators over periods of two and ten years .
but hiddenlevers further hedges its revenue model by also catering to financial media . the dynamic charts that users can generate to compare economic indicators and stock prices are embeddable , so financial writers on websites like seeking alpha can use them to tell powerful stories of correlation . this functionality is only included at the $ 200 / mo price point .
increasing wages , rising rates , and looming inflation have caused a shakeup in the markets , but investors shouldn’t fret . when should investors panic about inflation and rising rates ? at hiddenlevers we analyze a wide range of forward - looking economic scenarios , and many of our users have long been interested in modeling the impact of rising rates . as
absolutely . with the greek crisis , i had people who wanted to get out of all bonds . but all bonds are not created equal . when we looked at the scenarios with hiddenlevers , you could see that different types of bonds reacted differently . in some cases we stayed where we were and in some cases bought more of some bonds .
lately the faang gang ( facebook , apple , amazon , netflix , google ) is feeling the brunt of the market . with public mistrust and regulatory scrutiny threatening their freedom , serious risks loom for the faangs . but are these price shocks company - specific or a macro issue ? within hiddenlevers , the tech bubble scenario lets us explore how these macro conditions affect
brian is hiddenlevers ' front - end / ui developer . he spent 6 years with the us army in a military intelligence role , studying graphic design and web development in his free time . after his time in the army , brian held positions as a creative director and ui / ux designer while he continued to transition into his role as a front - end developer .
hiddenlevers is part of mayor michael bloomberg’s technology incubator in new york city , which is an effort to keep top tech minds from leaving the city for other tech hotspots like sillicon valley . despite being part of the incubator , udeshi says they haven’t accepted any of the venture capital offers they’ve had , and are entirely self - funded by way of their own personal investment returns .
terrell cheaves is a front end application developer at hiddenlevers and is responsible for developing and maintaining the company ' s user experience and user interface design . terrell has over 10 years of development experience in digital advertising , cloud , telecom , and financial industries . he is a graduate of florida state university with a bachelor’s degree in interactive media and a master’s degree in information technology .
is quickly becoming the premier portfolio stress testing solution for both portfolio managers and financial advisors everywhere . cloud - based since its inception , the comprehensive risk tech platform includes a library of macro scenario research , interactive stress testing and scenario analysis , risk profiles for portfolios , automated risk monitoring , and thoughtful client - facing output . hiddenlevers has offices in new york city and atlanta .
with the # 2 spot in total aum growth on the 2014 forbes list of fastest growing rias ( based on assets under management ) , global financial has been coaching advisors on how to integrate stress testing into their customer acquisition process . by offering sales training on the hiddenlevers risk analytics and reports , global financial makes an effort to include the macro context in advisor - prospect conversations .
we ' re excited to provide our clients with the ability to seamlessly evaluate risk in their portfolios through the new integration with hiddenlevers ,
said tricia rothschild , morningstar ' s global head of advisor solutions .
the integration of morningstar ' s portfolio analytics compliments the stress testing capabilities of hidden levers and will help our advisor clients to deliver even better outcomes for investors .
“advisors who equip themselves with the most advanced wealth management tools and technology are positioned to make better decisions , implement them more effectively and communicate them in the way that best fits a client’s needs , ” said bill crager , president , envestnet . “at envestnet , we are deeply engaged in creating those capabilities . hiddenlevers allows advisors to access critical information that used to be very difficult to come by . ”
udeshi and ghanta launched hiddenlevers a year an a half ago with the retail investor in mind . this initial $ 30 / month package got things rolling , but didn’t bring in as many clients as they had hoped . along the way they realized that the data may be more valuable to advisors , who have the sophistication to interpret it and the incentive to show their clients as much info as possible to explain their portfolio selection .
as everythingman # 2 , david works in multiple areas from business development to relationship management and enterprise engagements . david is able to use prior experience in the fintech space to create product ideas , develop new business relationships , and support client needs . prior to hiddenlevers , david ran two financial technology startups in options trading and ria back - office technology . david is a graduate of lake forest college with a bachelors degree in philosophy .
our bond universe coverage just got a huge shot in the arm ,
said praveen ghanta , co - founder hiddenlevers .
when the oil crash started taking its toll on fixed income in 2015 , it was proof that our risk model works . stress testing laid bare which high - yield issues would be most impacted by oil volatility . our audience started asking for every name under the sun , and we listened .
udeshi met with suresh kumar , chief information officer of pershing , at t3 last week to discuss integrating hiddenlevers into netx360 . “i like the concept . i don’t know if it actually works in answering the questions [ about hidden economic levers ] , ” said kumar in an email to riabiz . “we need to do a deeper dive with his offering which we have offered to do . that will include getting feedback from our advisors . ”
in a stress test using a specific scenario , investment performance is projected by applying the scenario ' s assumptions on lever movements to the model created for each investment through regression analysis . if a scenario forecasts oil to rise , and exxon is correlated with oil , then exxon will rise in that scenario . the hiddenlevers scenario model accounts for how multiple factors can simultaneously impact an investment , so that rising stock prices and rising oil prices don ' t get double - counted .
steve zuschin has been a key member of the hiddenlevers team , leading ria sales and contributing to business development , operations , and marketing . he has a deep background in financial services , having worked in a number of roles at northwestern mutual . mr . zuschin is a graduate of california state university – chico with a bachelor ' s degree in finance . he is also a member of the screen actors guild for his work in a groundbreaking commercial involving the sale of his beard .
if access to this website is unavailable , delayed or limited , or if this website does not operate quickly and efficiently , you may be unable to transmit your instructions for transactions and other matters , or such instructions may not be promptly executed or you may be unable to retrieve information on a timely basis . if your operations are dependent on such communications with us , and such communications are disrupted or delayed , you may suffer losses . hiddenlevers will not be liable for any such loss .
other risk analytics providers might only use one or two proxies for all bonds - - and many advisors might not realize this ,
said raj udeshi , co - founder hiddenlevers .
we are a big data platform , with the ability to get more specific - - identify each individual bond ' s vulnerability to oil prices , several market indices , and of course , 10y treasuries . the ability to illustrate these vulnerabilities for the client or prospect is what makes asset gatherers love us .
clark is a recent graduate of the terry college of business at the university of georgia where he studied finance and traded options . he assists with business development , customer support , and marketing . clark spends his time off by hanging out with his dog , playing basketball , watching uga football , and funneling his salary into speculative bubbles . currently , clark is preparing hiddenlevers for the release of the hlcoin , which will revolutionize how the world pays for investment advisory services and transactions . contact clark to invest .
by digging deeper to show the divergent behavior of bonds to certain macro indicators , hiddenlevers creates new opportunities in fixed income . a portfolio manager can use stress testing to replace fixed income allocations damaged by exposure to oil prices . an ria can show why their allocation should withstand the impact of market events like oil volatility , a housing rebound , tech bubble 2 . 0 , and more . a registered rep can articulate why a more expensive managed fixed income product was chosen over an individual bond , fulfilling the dol fiduciary mandate .
hiddenlevers uses big data to measure millions of relationships between the economy and investments . interest rates affect home sales and oil prices , which impact the price of home depot stock . we uncover these links for 35 , 000 + investments . the model starts by measuring the statistical relationship between economic levers and investments - several million regressions are performed as part of this process . this enables the measurement of more obvious relationships like the impact oil prices on exxon mobil , and the discovery of less obvious relationships like the impact of auto sales on television broadcasters .
richard is responsible for business development and enterprise sales for the canada market . he brings tons of enterprise deal management , sales and business development expertise to the table , and previously served at croesus and td wealth . after a 20 year tour working with canadian global banks , asset managers and wealth management firms , he is giving everything he’s got to build hiddenlevers in the canadian market . outside work , he takes his kids on long road trips in the united states , to remind them that the grass is not greener . richard holds an mba from york university .
vincent is helping develop an appetite for the hiddenlevers platform across canada and the us . he has international management , sales and business development expertise , with a particular focus on canada and china . most recently he served as vp , sales and marketing and board member for croesus , one of canada ' s largest fintech companies . with stints at apple and mcgill university , vincent has created an extended network of contacts in the finance and tech communities . he spends his spare time writing songs and playing guitar . vincent only owns one bike : a honda sport touring bike .
at hiddenlevers we run millions of regressions to help our clients find potential relationships between over 25 , 000 different securities and hundreds of economic indicators . the strength of our broad approach is that it enables us to find relationships that a single analyst could never find manually . we can thus rank energy companies by their relationship to oil ( and gas ) prices , or rank financial sector companies by their sensitivity to various interest rates . and of course having this wealth of data enables us to model the potential impact of various economic scenarios on individual securities and portfolios as well .
securities or financial instruments mentioned in the website may not be suitable or appropriate for all investors or in all geographical areas . your particular needs , investment objectives and financial situation were not taken into account in the preparation of this website and the materials contained herein . you must make your own independent decisions regarding any securities or financial instruments mentioned herein . the fact that hiddenlevers has made available to you through the website , investment opinions and other information constitutes neither a recommendation that you enter into a particular transaction nor a representation that any financial instrument is suitable or appropriate for you . you should consider whether an investment strategy or the purchase or sale of any product is appropriate for you in the light of your particular investment needs , objectives and financial circumstances .
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the fed provides an overview of how it uses scenario - based stress testing to examine bank balance sheets and cash flows under a range of economic assumptions .
msci reviews the role of stress testing in the investment process , and includes a discussion on how to include stress testing in investment selection , hedging , and portfolio optimization .
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descriptive keyword for an organization ( e . g . saas , android , cloud computing , medical device )
generate proposals that include risk tolerance capture and fee attribution , to help satisfy heightened regulatory demands .
illustrate the impact of economic risks on portfolio models , current clients and prospects ' holdings .
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in a stress test , investment performance is projected using the relationships measured in step 1 , applied to the scenario assumptions in step 2 . if a scenario forecasts oil to rise , and exxon is correlated with oil , then exxon will rise in that scenario .
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finally , after years of waiting , the economy is starting to show signs of significant inflation . powell seems to have little concern with inverting the yield curve and even more pundits are pointing to a market correction . on the opposite end , some financial pundits are painting a different narrative . one where the fed ignores its 2 . 0 %
how you relate and interact with your clients plays a large role in client loyalty and retentions . your clients want an advisor that cares about their wants and needs , as well as someone they can trust . ( i mean you are managing their money ) the moment your clients don’t feel the love , they’ll leave to find
from policy makers to portfolio managers , the search for inflation is no longer coming up empty . annual cpi stands around 2 . 5 % , up from stated comfort levels . oil prices are above 80 usd and investors are starting to sweat . if the fed reigns in inflation , there is sure to be collateral damage . – why is the fed letting
millennials are on track to receive $ 30 trillion in inheritance alone in the next decade or so , yet only 30 % of financial advisors are actively prospecting this demographic . what’s preventing you from tapping into such a large market of potential clients ? my guess is the difficulty you may face trying to market to them . when
since the financial crisis , there has been one constant in the capital markets – an accommodative central bank and low interest rates . today those days are starting feel long in the tooth . the 10 - year treasury crested past 3 % in april and investors expect a more hawkish fed president to move away from the easy money
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let’s face it – it’s china in trump’s cross - hairs , not europe . the administration is targeting chinese high - tech , apparel , and investments into the usa – far more precise moves than the blanket tariffs on industrial metals proposed earlier . still , the euphoria from tax cuts is getting replaced by fear due to protectionist rhetoric , which the chinese
the federal reserve released the details for its 2018 stress test . it’s not pretty . they’re simulating a 65 % drop to the equities market and a deep recession rather than their usual 50 % drop . as a part of the dodd - frank act , “too big to fail” banks must perform stress tests on their assets to make sure
with these market conditions , there’s no better time to evaluate how you are going to make sure your clients are prepared and well informed .
predicting china’s economic collapse is a popular contrarian pastime , but not a productive one . it’s true that her manufacturing days are dwindling and her addiction to credit begs for a collapse in asset values . but , it just hasn’t happened and talk of china trumping the isolationist us is now commonplace . – is a china debt
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us payrolls upside surprise this morning . job + wage growth risin , but unemployment also rising back to 4 % . . that unemployment uptick is good news , not bad . it shows that more previously disenchanted folks are coming back into the labor force . # jobsreport urltoken


eldorado resorts , inc. ( nasdaq : eri ) is a gaming company based in reno , nevada .

it was formed on september 19 , 2014 by the merger of mtr gaming group and eldorado holdco llc .

eldorado resorts

eldorado resorts and mtr gaming group , inc . , successfully complete their merger to become eldorado resorts , inc . , in the fall of 2014 . eldorado resorts , inc . includes six properties in five states .
isle of capri casinos ' , eldorado resorts ' shareholders approve deal - st . louis business journal
eldorado resorts , inc . today reported operating results for the first quarter ended march 31 , 2018 .
the national play should make eldorado resorts more capable of dealing with regional slumps , according to adams .
eldorado resorts purchases silver legacy resort casino and circus circus reno today for $ 72 . 5 million .
it ' s official : eldorado resorts buys circus circus and silver legacy eldorado resorts purchases silver legacy resort casino and circus circus reno today for $ 72 . 5 million . check out this story on urltoken urltoken
gary carano , chairman and ceo of eldorado resorts , inc . , posing near the mining rig that splits eldorado , silver legacy and circus circus .
eldorado resorts , inc . announced today that its senior management will be participating in two upcoming institutional investor conferenc
acquisition of regional hotel - gaming company expands eldorado resorts’ gaming scope to 19 total properties in 10 states .
eldorado resorts , a publicly traded company , announced the purchase of mgm resorts international’s 50 percent interest in silver legacy resort casino and circus circus reno today for $ 72 . 5 million cash . eldorado resorts and the caranos now own the three largest hotel - casinos in downtown reno .
eldorado resorts on monday announced monday that it expects to invest more than $ 50 million in facility enhancements to eldorado reno , silver legacy and circus circus reno .
eldorado resorts reported 2015 profit of $ 114 . 2 million on total net revenue of $ 901 . 5 million .
in addition to the purchase of the properties , eldorado resorts paid $ 58 million of silver legacy ' s debt . the carano family remains the majority stockholders for eldorado resorts , which now includes seven properties across the united states . eldorado resorts ( nasdaq : eri ) sells shares of its common stock to help pay for the silver legacy and circus circus reno acquisitions .
eldorado resorts ( nasdaq : eri ) expanded its nationwide footprint monday with the acquisition of a new hotel - casino property .
mtr gaming group inc . , the parent company of presque isle downs & casino , is now known as eldorado resorts inc .
silver legacy and circus circus reno acquisitions in fall of 2015 . eldorado resorts , inc . now includes seven properties in five states .
shareholders of eldorado resorts ( nasdaq : eri ) and isle of capri casinos ( nasdaq : isle ) have voted to approve eldorado ' s acquisition of creve coeur - based isle of capri .
eldorado resorts on monday announced monday that it expects to invest more than $ 50 million in facility enhancements to eldorado reno , silver legacy and circus circus reno , company officials said in a statement .
today , don leaves behind a thriving eldorado resorts family legacy , with 19 properties in 10 states and over 14 , 000 team members .
the statement also affirms eldorado’s commitment to its home turf . while the company has been expanding its nationwide footprint , eldorado resorts also grew its portfolio locally by increasing its stake in the silver legacy and buying it outright from mgm resorts international alongside the circus circus reno in 2015 .
4 five star gourmet inclusive ® luxury spa resorts in mexico’s breathtaking riviera maya .
with eldorado resorts’ acquisition of isle of capris’ properties on monday , gary carano is exhibiting the same daring that his father showed more than four decades ago . he is betting on the eldorado once more .
“we are delighted to welcome the isle shareholders and team members to the eldorado family , ” said eldorado chairman and ceo gary carano . “we believe that eldorado resorts is positioned for near - and long - term success and the creation of value for our shareholders . ”
the isle of capri black hawk hotel - casino in colorado is one of 12 new properties that eldorado resorts acquired on may 1 , 2017 .
in 1993 , don , in partnership with mandalay resorts / mgm resorts , announced the opening of the silver legacy , the first mega - themed resort in reno .
reno - based eldorado now in 10 states with isles of capri acquisition acquisition of regional hotel - gaming company expands eldorado resorts’ gaming scope to 19 total properties in 10 states . check out this story on urltoken urltoken
eldorado resorts , inc . announced today that it will report its 2018 first quarter financial results after the market closes on thursday , may 3 , 2018 .
el dorado spa resorts , by karisma . a collection of classically elegant , unmistakably mexican , adults - only resorts on some of the best beaches in riviera maya , mexico .
eldorado resorts reports first quarter net revenue of $ 440 . 2 million , operating income of $ 54 . 2 million and adjusted ebitda of $ 103 . 5 million
we have a drive to continue to improve the arch district ,
said gary carano , chairman and ceo of eldorado resorts .
others will follow .
eldorado ' s sister property in reno opens . it is the result of a new partnership between the eldorado resort casino and the mgm mirage .
the acquisition adds to a growing portfolio for eldorado resorts that includes properties in nevada , louisiana , ohio , pennsylvania and west virginia . in addition to its reno tri - properties , which include the eldorado , silver legacy and circus circus , the company also owns eldorado shreveport , scioto downs , mountaineer and presque isle downs .
the cordish companies and eldorado resorts , inc . ( nasdaq : eri ) announce new joint venture to develop world - class , mixed - use hospitality destination in pompano , fl
el dorado spa resorts , by karisma , are a collection of aaa four diamond , classically elegant , unmistakably mexican , adults - only resorts on some of the best beaches in riviera maya , mexico .
holders of over 99 percent of the eldorado shares that voted approved the company ' s issuance of shares of eldorado common stock in connection with the acquisition ; that represents about 85 percent of eldorado ' s outstanding common stock , officials said .
eldorado resorts , inc . announced today that its senior management will be participating in the jefferies 2018 consumer conference on wednesday , june 20 at the white elephant hotel in nantucket , ma .
on a day when gary carano’s company more than doubled its number of hotel - casino properties across the united states , the top executive of eldorado resorts could not help but think of home .
the merger should lead to a cost savings of $ 35 million in the next year , according to eldorado . with the addition of isle of capri , eldorado resorts properties combined have about 20 , 000 slot machines and video lottery terminals , more than 550 tables games and more than 6 , 500 hotel rooms .
reno , nev . ( oct . 4 , 2017 ) – donald louis carano , founder of eldorado resorts inc . , passed away peacefully on october 3 , 2017 surrounded by his family . he was 85 years young .
enter your email address and click “join our list” if you wish to be added to all el dorado spa resorts marketing messages .
churchill downs has terminated its agreement to buy lady luck casino in vicksburg , miss . , and amended its previously announced deal to buy presque isle downs & casino in erie , pa . , from eldorado resorts . . . .
we ' re currently recruiting passionate people from all across the country to join our team . to become a part of eldorado resorts , inc . , view the hottest job openings  . use this link for career opportunities at our eldorado , silver legacy , circus circus reno , mountaineer casino or presque isle downs & casino properties .
mgm resorts is likely to receive $ 162 million from the sale as it only holds 50 % stake in the grand victoria casino .
the eldorado , circus circus and silver legacy make up the reno tri - properties in downtown reno .
former members of eldorado holdco llc will own about 50 . 2 percent of eldorado common stock , and the former stockholders of mtr will own about 49 . 8 percent of the stock , the company announced .
the announced sale of isle of capris casino hotel lake charles in louisiana , which is expected to be completed later this year for $ 134 . 5 million , should generate free cash flow for eldorado resorts as well . the upcoming sale is the reason why the property is not included in the 12 facilities listed by eldorado as part of its acquisition .
eldorado resorts also committed to $ 50 million in improvements to the silver legacy , circus circus and eldorado hotel - casinos , which comprise its reno tri - properties . although the company is no stranger to cutting costs — it implemented cost reductions in the first quarter of this year at its mountaineer property in west virginia — carano says success ultimately requires investment .
the cordish companies and eldorado resorts , inc . announced today their formalization of a new 50 - 50 joint venture partnership that will master plan , design and develop a new world - class , mixed - use entertainment and hospitality destination in pompano , fl .
before may 1 , eldorado resorts’ portfolio comprised seven properties in five states . the addition of isle of capris’ facilities bumps up the number to 19 properties in 10 states , raising the worth of eldorado ' s regional gaming enterprise to $ 1 . 7 billion . bringing all of those properties into the fold literally came with a cost . conditions for the merger included exchanging isle of capris common stock for $ 552 million in cash on top of 28 . 5 million newly issued eldorado common stock shares .
carano said eldorado resorts and the carano family are
doubling down
on the future of the city . he cited the tesla gigafactory and the economic development authority of western nevada ' s declaration that by 2020 reno would experience exponential job and housing growth as reasons for investing .
eldorado saw benefits from its diversification as recently as last december . higher earnings in eldorado’s reno tri - properties , for example , helped offset less - than - ideal results at its eastern properties due to weather disruption in the fourth quarter .
the isle of capris deal continues a regional strategy that eldorado adopted following several years of declines in the reno gaming market .
the transaction comprised of 58 percent cash totaling $ 552 million with the remaining 42 percent coming in the form of 28 . 5 million newly issued shares of eldorado stock . eldorado has about 75 . 6 million in outstanding common shares after the acquisition .
the reno - based company closed on its acquisition of isle of capri casinos , adding 12 more properties to its portfolio and creating a larger regional gaming business worth $ 1 . 7 billion . eldorado acquired isle of capri for $ 23 . 00 in cash per share or 1 . 638 shares of eldorado common stock . eldorado first announced its plans to acquire the company last year .
matt maddox came out swinging in his first earnings conference call as wynn resorts chief executive officer , boasting of record las vegas quarterly revenues and applicants lining up for work .
“it moves the eldorado from don carano’s little venture on virginia street to gary carano’s empire , ” adams said . “it’s huge growth . ”
growing up : eldorado doubles down on national expansion , ‘new reno’ years after indian gaming and a historic recession slammed northern nevada’s hotel - casino sector , eldorado ceo gary carano talks about the industry’s evolution and its place in the “new reno . ” check out this story on urltoken urltoken
foremost , we are thrilled to welcome the mtr team into the eldorado family . with a diversified platform of gaming assets across the united states and a strengthened balance sheet , we believe eldorado is well positioned to take advantage of future growth opportunities in our industry ,
he said .
the eldorado is the first casino in the united states to operate its own microbrewery . named best brewpub in america by nightclub & bar magazine .
isle agreed in september to be acquired by reno , nevada - based eldorado in a deal worth about $ 1 . 7 billion , including long - term debt , with isle stockholders given the choice to receive $ 23 in cash for each share or 1 . 638 shares of eldorado stock . elections are subject to proration such that isle common stock will be exchanged for an aggregate of 58 percent cash and 42 percent eldorado common stock .
eldorado resorts , inc . ( eri ) ( “eldorado” or the “company” ) and churchill downs incorporated ( chdn ) ( “churchill” or “churchill downs” ) announced today that they have terminated their previously announced agreement whereby churchill was to acquire substantially all of the assets and properties associated with lady luck casino in vicksburg , mississippi ( “lady luck vicksburg” ) and amended their previously announced agreement whereby churchill is to acquire substantially all of the assets and properties associated with presque isle downs & casino in erie , pennsylvania from eldorado ( collectively , the “termination and amendment agreements” ) . pursuant to the termination and amendment agreements , churchill will pay eldorado a $ 5 . 0 million termination fee , subject to the parties’ execution of a definitive agreement with respect to the lady luck nemacolin transaction as described below .
it ' s our belief that we ' re only as extraordinary as our people . when you visit an eldorado property , we ' ll do our best to put a smile on your face , to go that extra mile , to make a difference and give you the personal service you deserve . you ' re not just a customer at eldorado resorts , you ' re part of our family , and we feel lucky to have you . we want to make your guest experience the best it can be .
pompano , fla . , april 27 , 2018 / prnewswire / - - the cordish companies and eldorado resorts , inc . announced today their formalization of a new 50 - 50 joint venture partnership that will master plan , design and develop a new world - class , mixed - use entertainment and hospitality destination in pompano , fl . the development will complement and encompass the site of the existing isle casino racing pompano park and bring new upscale retail , dining , and entertainment to south florida . the 223 - acre development will include a corporate office campus , residential , and a hotel .
we are proud to partner with eldorado resorts on this exciting new development ,
stated david cordish , chairman of the cordish companies .
carano also expects the acquisition to generate $ 35 million in cost savings over the next year through operation synergies resulting from the merger , which includes a reduction in executive positions . although most of isle of capris’ senior executive team — including former ceo eric hausler — will not be joining eldorado resorts , carano says they were instrumental in the success of the acquisition .
with the combined portfolio of eldorado and mtr , we are better prepared to face an increasingly competitive regional gaming landscape ,
billhimer said in a statement .
the combination creates a premiere , diversified regional gaming platform and significantly expands the portfolio to include 20 properties in 10 states featuring approximately 20 , 000 slot machines and vlts , more than 550 table games , and over 6 , 500 hotel rooms . the eldorado resorts family is now 14 , 000 team members strong providing genuine family style service to our valued guests throughout the nation !
a nod to the carano ' s heritage , la strada quickly becomes the eldorado ' s signature restaurant , offering authentic northern italian cuisine and pasta made fresh daily .
eldorado expects $ 35 million in cost synergies in the first year following the merger . gary carano , eldorado ' s chairman and ceo , said in a statement wednesday that progress toward completing the transaction has included meetings with gaming regulators and the development of
detailed plans to optimize the operations of the combined company ' s properties .
eldorado’s master plan for the three connected properties , which span eight city blocks in downtown reno , will be phased over three years , starting in the fourth quarter of this year . in addition to the renovation of more than 4 , 100 guest rooms , each of the three resorts will introduce new restaurant concepts , reinvigorated nightlife and resort amenities , including a new full service luxury spa .
elaine wynn , the largest shareholder of wynn resorts ltd . , is seeking to kick a friend of her ex - husband steve wynn off the company’s board of directors . ( todd prince / las vegas review - journal )
in 2013 , the company announced plans to merge with mtr gaming group of western virginia . the merger led to the creation of eldorado resorts , inc . , which grew the company’s portfolio to six properties spread out across five states . total amenities rose to 3 , 300 hotel rooms , 280 gaming tables , 10 , 000 slot machines and video games , and 32 restaurants after the transaction .
under the merger , joseph l . billhimer , who had been the president and chief operating officer of mtr , becomes executive vice president and chief operating officer of eldorado .
we are pleased to have completed the merger with mtr and are excited to embark on a new chapter in eldorado ' s history ,
carano said in a statement .
watch the sun rise and set over a stunning turquoise horizon . taste flavors you never knew existed . feel the inviting warm embrace of every breeze . el dorado spa resorts , by karisma are designed not just to delight the senses , but to surprise them with unwavering moments in luxury . set along the riviera maya coastline , these adults - only resorts were designed with the passion and ingenuity of authentic mexican hospitality . every single detail of each resort exudes sheer sophistication .
don carano was advised not to do it - from business associates and friends , each warned him against opening a brand - new hotel casino north of the train tracks intersecting downtown reno . he was undeterred , the eldorado hotel casino opened in 1973 . the rest is history . today the eldorado has earned its highly - regarded reputation by emphasizing good old fashioned family values . don believed that good things came from working together as a team , a family spirit that is reflected in everything the eldorado brand represents - integrity , service and quality .
eldorado is the first casino in the u . s . with its own roaster and gourmet coffee bar . coffee from around the country and the world is roasted fresh for guests .
years after indian gaming and a historic recession slammed northern nevada’s hotel - casino sector , eldorado ceo gary carano talks about the industry’s evolution and its place in the “new reno . ”
“i lived right down that street right there , about 10 blocks , ” the eldorado chairman and ceo said . “i used to fish at the river when i was a kid . ”
it was a changing of the guard as well as a symbolic milestone . just as carano had grown from the boy who fished in the truckee , the eldorado was growing up as well .
at eldorado resorts , our t . e . a . m . - together everyone achieves more , makes the difference . born out of a value for people and a love of gaming ' s classic roots , we ' re a company brought together by a focus on detail like no other . from our games to our restaurants and our hotels to our racetracks , each location brings something unique and exciting to the table for a superior guest experience .
following the merger with mtr , eldorado went public in 2014 and started trading on the nasdaq market under the eri ticker symbol . the move marked a big crossroads for the reno - based company .
a pioneer in the gaming , law and wine industries , mr . carano was also an entrepreneur , hotelier , restaurateur , husband , father and grandfather . don is celebrated as a family - oriented , passionate leader in his many businesses , including : eldorado resorts , ferrari - carano vineyards and winery , and the mcdonald carano law firm . he was also known throughout his life as a longtime supporter of philanthropic endeavors in both reno and his wine country home in geyserville , alexander valley , ca .
the reno properties’ upgrade announcement comes on the heels of the company’s recent agreement to acquire isle of capri casinos , which , upon closing , will diversify eldorado’s operations geographically and financially , company officials said in the statement .
mention the carano family in reno and the eldorado is not the only thing that comes to people’s minds . also tied to the family is its popular porcini mushroom ravioli , which is served in three of its restaurants .
thousands of las vegas union members voting tuesday morning to authorize the right to strike . a “yes” vote would give the union negotiating committee the power to call a strike anytime after june 1 at the resorts that fail to reach an agreement . ( todd prince / las vegas review - journal )
eldorado resorts is about family and people . yes , we’re in the gaming business , but what makes us special and what sets us apart is the belief that we’re only as extraordinary as our people . who you are and what you do matter to us . we take pride in training our employees to do their jobs well and enjoy themselves while working . we ' re always looking for an ace in the hole , who’s easy - going , fun - loving , and responsible to join our team at a variety of locations .
based on a closely guarded recipe , the eldorado staple joins items such as the awful awful burger as reno food icons . ever the pitchman , carano does not hesitate to talk up the ravioli when touting the company’s properties in the biggest little city .
the intimate and indulgent el dorado spa resorts offer the idyllic setting for couples to relax and renew in romantic bliss . from the long stretch of private beach and plush oceanside cabanas , to the award - winning dining venues and world - class spa , every stunning facet of these resorts is designed to bring you closer together in paradise . infuse some mayan magic into your romantic getaway as you explore ancient ruins together . rekindle your love with a couples massage in a seaside palapa or with an invigorating open - air aguas del amor ™ shower . and take in all the untouched natural beauty that surrounds you as you experience the ultimate in adults - only , beachfront luxury .
hollywood casino becomes eldorado . part riverboat casino , the new property had 403 guest rooms and suites and four award - winning restaurants . it also features 30 , 000 square feet of gaming , with 1 , 500 machines , a poker room and more .
“today’s vote is an important step towards providing isle of capri shareholders with substantial and immediate value , as well as the opportunity to participate in the upside potential of the combined company through the transaction with eldorado ,
isle ceo eric hausler said in a statement .
for the company , the latest acquisition of isle of capris was akin to a sudden growth spurt that further expanded eldorado’s reach . the company now has 6 , 500 rooms , about 20 , 000 slot machines and video lottery terminals , and 550 table games .
eldorado now has 3 , 300 hotel rooms , 32 restaurants , 280 table games and about 10 , 000 slot machines and video lottery terminals . those numbers include 1 , 720 slot machines and 46 tables games at presque isle downs , which also employs about 900 people .
the sharp drop in gaming revenue resulted in a bloodletting in reno’s gambling industry as several hotel - casinos were either shuttered or repurposed for housing . in response to changing conditions , eldorado started to venture outside nevada for opportunities while also looking at ways to shore up its reno portfolio .
kicking off with the first ever great italian festival in 1980 , the eldorado is known for hosting some of reno ' s most exciting events including the popular brews , blues and bbq festival in june as well as city - wide special events such as the hot air balloon races , hot august nights , street vibrations and many others .
by 1995 , the eldorado had grown to over 800 guest rooms , eight restaurants , an 80 , 000 square - foot gaming floor , a poker room and a race and sports book . convention space , a 560 - seat showroom , a 10 - story parking garage and several new restaurants and bars are added to the mix as well .
carano said his father , don carano , created a culture of constant reinvestment to keep the eldorado and silver legacy fresh and cutting edge . circus circus did not see the same type of capital investment over the years , so they want to immediately assess the need for improved safety , security , rooms , guest experience and amenities , carano said .
but the company had undergone a culture change in the last five years , and the isle of capris was now different from what he remembered . carano says he was impressed by the pompano beach , fla . , location’s casino floor , for example , and says the property ' s bragozzo italian restaurant measures up nicely to eldorado’s la strada and roxy restaurants in reno .
days after new sexual misconduct allegations were made against celebrity chef mario batali , his company announced friday that it will close its three las vegas restaurants july 27 . employees of carnevino italian steakhouse , b & b ristorante and otto enoteca e pizzeria , all located in the venetian and palazzo resorts , were informed of the decision friday morning . bastianich is scheduled to visit the restaurants friday to speak to employees about the next two months of operation as well as how the company plans to help them transition to new positions .
el dorado spa resorts boasts award - winning cuisine in a wide variety of settings . our chefs and servers have been trained around the world , bringing a level of passion , creativity , sophistication and service that rivals the finest restaurants . our wine list , crafted in conjunction with renowned jackson family wines , has received wine spectator ' s award of excellence . and bartenders in our many bars and lounges pour freely from the top shelf . the most amazing part is it ' s all included . so there may never be a better opportunity to exercise your taste for adventure .
company financials showed that isle of capris started to demonstrate a turnaround in 2015 after posting losses of $ 129 . 7 million , $ 47 . 6 million and $ 127 . 7 million in the three fiscal years prior to that . eldorado’s interest likely played a role as the change occurred right around the time that carano’s company seriously started looking into isle of capris . the changes included a positive net income of $ 5 . 2 million in 2015 and $ 46 . 2 million in 2016 .
in 1967 , don became a partner in the boomtown casino with his friends bob cashell and bob mcdonald . in 1972 , he became a co - owner of the pioneer inn on virginia street . along with long - time partner and friend , jerry poncia , and colleague john lazovich . his true legacy began in 1973 when he opened the eldorado hotel casino , the first major casino to open on virginia street north of the railroad tracks . at that time , many considered this to be an extremely daring venture , but ultimately it was one that changed the profile of gaming in northern nevada .
the merged company now owns and operates six properties in nevada , ohio , west virginia , louisiana and pennsylvania , including presque isle downs in summit township .
a key step before the merger occurred in harrisburg on wednesday , when the pennsylvania gaming control board unanimously approved licensing for the merged company and its principals , including gary carano , who is chairman and chief executive of the combined companies . the gaming board regulates the state ' s casino industry .
presque isle downs , which opened in february 2007 , has faced increasing competition in recent years , particularly from three new casinos that opened in the cleveland area .
jeff favre , general manager of presque isle downs , said he doesn ' t anticipate any immediate changes at the casino . but he said the merger is a positive development .
i think it ' s going to be good for the ( merged ) company , good for presque isle downs , and good for our players and our employees ,
favre said .
shareholders of mtr gaming previously approved the merger agreement . effective immediately after friday ' s merger , mtr gaming ceased to be a publicly traded company , and its common stock discontinued trading on the nasdaq .
the merged company started trading on the nasdaq global select market under the ticker symbol
eri .
john guerriero can be reached at 870 - 1690 or by e - mail . follow him on twitter at urltoken
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a second - generation italian - american , don was born in reno on october 17 , 1931 . he completed his undergraduate degree at the university of san francisco , followed by two years as an officer in the united states army .
returning to usf , don graduated with honors from usf law school and began his law practice in reno . he was a founding member of the prestigious mcdonald carano law firm and was proud to maintain an “of counsel” relationship with the firm until his passing .
don carano was advised not to do it , but builds a brand new hotel casino north of the tracks in reno anyway . 282 guest rooms and a 10 , 000 - square - foot gaming floor with 200 slots and 12 table games .
featuring luxurious suite amenities , the spa tower is built with panoramic views of the sierra nevada mountains to the west and dazzling reno city lights to the east .
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but an amended deal would have the louisville casino and racing company taking over a different casino in another state .
i am writing today to help inform people who are new to the stock market and want to better understand how you can grow your money by investing in eldoradoread more . . .
london , uk / accesswire / june 22 , 2018 / if you want a free stock review on czr sign up now at urltoken all you have to do is sign up today for this free limited time offer by clicking the link below .
the potential legalisation of sports gambling in the us is worrying casino loan investors as par - plus secondary loan prices could wilt if the prospect of improved earnings triggers a loan refinancing wave . a us supreme court ruling on may 14 paved the way for states to legalise sports gambling , which is expected to turbocharge earnings for gaming companies and casino companies and has triggered an equities rally . “the legalisation of sports betting will provide a shot in the arm for casino operators and casinos themselves , ” said steven oh , global head of credit and fixed income at pinebridge investments .
new york , may 14 , 2018 - - in new independent research reports released early this morning , fundamental markets released its latest key findings for all current investors , traders , and shareholders of penn . . .
the reno , nevada - based company said it had profit of 27 cents per share . earnings , adjusted for asset impairment costs , were 37 cents per share . the results did not meet wall street expectations . the average . . .
establishes 2018 second quarter and revises full year guidance declares 2018 second quarter dividend of $ 0 . 63 per common share acquisition of the tropicana entertainment real estate assets for $ 1 . 21 billion . . . .
the bullish trend in gambling industry is expected to continue through 2018 and beyond owing to strength in domestic market and turnaround in macau business .
the following bids , mergers , acquisitions and disposals were reported by 2000 gmt on monday : * * shire , the london - listed rare diseases specialist that is a potential takeover target for japan ' s takeda pharmaceutical , is selling its oncology business to unlisted french drugmaker servier for $ 2 . 4 billion . * * pebblebrook hotel trust has sweetened its $ 3 billion - plus offer to buy u . s . peer lasalle hotel properties after the owner of high - end locations including ' w ' los angeles saw an initial bid rebuffed last month .
exhale nevada ceo pete findley talks about the one year anniversary of the legalization of recreational marijuana in nevada . ( k . m . cannon / las vegas review - journal )
financial advisors talk about saving trends among young adults . ( bailey schulz / las vegas review - journal )
president donald trump made his fortune in real estate , but by slapping tariffs on imports from close allies , developers in las vegas and other cities could get hit hard .
barry yost , co - owner of precision tube laser , llc , places a metal pipe into the trulaser tube 5000 laser cutting machine on wednesday , june 20 , 2018 , in las vegas . bizuayehu tesfaye / las vegas review - journal @ bizutesfaye
the director of the nevada film office discusses its revamped locations database and how it will affect local businesses . ( bailey schulz / las vegas review - journal )
unlike most house flippers , the company aims to make money from transaction costs rather than from selling homes for more than their purchase price .
gondolier marciano sings a the classic italian song
volare
as he leads guests through the canals of the venetian in las vegas . ( k . m . cannon / las vegas review - journal )
texas homebuilder d . r . horton bought 43 lots in rural logandale . ( eli segall / las vegas review - journal )
experts discuss nevada ' s indoor farming industry . ( bailey schulz / las vegas review - journal )
months after developer steve witkoff bought the fontainebleau last summer , he unveiled plans to turn the mothballed hotel into a marriott - managed resort called the drew . but if richard “boz” bosworth’s plans didn’t fall through , the north las vegas strip tower could have become a waldorf astoria with several floors of timeshare units . ( eli segall / las vegas review - journal )
rossi ralenkotter , ceo of the lvcva , on tuesday confirmed a las vegas review - journal report that he is preparing to retire . richard n . velotta / las vegas review - journal
cousins maine lobster food truck company will open inside las vegas’ two newest smith’s at skye canyon park drive and u . s . highway 95 , and at warm springs road and durango drive . cousins currently sells outside some las vegas smith’s stores and at fremont street and las vegas boulevard . ( k . m . cannon / las vegas review - journal )
lawrence yun , chief economist at the national association of realtors , gives homebuyers a pulse on the las vegas housing market . ( eli segall / las vegas review - journal )
the company is planning to add six solar projects in nevada , along with the state ' s first major battery energy storage capacity . bailey schulz / las vegas review - journal
the learning center education company in las vegas has launched the first apprenticeship program for cybersecurity in nevada . it was approved by the state apprenticeship council on may 15 . ( k . m . cannon / las vegas review - journal )
a 2018 survey found that over two - thirds of small businesses in nevada find it somewhat to very difficult to recruit qualified candidates . bailey schulz / las vegas review - journal
property developer andy pham tells how control of his business was easily seized by another person using the secretary of state website .
less than a year - and - a - half after it opened , the lucky dragon was in bankruptcy .
grocery stores used to draw people to shopping centers . but many large retail spaces have been vacant since 2008 . discount stores like goodwill and gyms like eos fitness are filling those empty spaces , and helping to draw shoppers back in . k . m . cannon / las vegas review - journal
the stadium is funded in part by $ 750 million of room taxes , the biggest such tax subsidy ever for a professional sports stadium . robert lang , executive director of brookings mountain west and the lincy institute at unlv , says that is a good use of public funds . ( richard velotta / las vegas review - journal )
robert lang , executive director of brookings mountain west and the lincy institute said he is afraid of a
congestion mobility crisis .
las vegas needs a light rail system , he said , to accommodate the city ' s growing number of attractions . ( richard velotta / las vegas review - journal )
sneak peak at the new
star wars : secrets of the empire
vr experience at the grand canal shoppes .
las vegas review - journal real estate reporter eli segall says flipping houses has waned in popularity after the housing bubble burst .
ellis island , which operates a casino , brewery and hotel just off the strip , purchased the mt . charleston lodge in early april .
nevada gaming commission chairman tony alamo talks about an amendment making casinos subject to the same disciplinary standards of preventing people to gamble if impaired by drugs as they are for letting them play while intoxicated by alcohol .
las vegas artist behind lady liberty statue to get $ 3 . 5m from usps
wheels wars : construction delays in dubai , new york mean las . . .
gambling a problem ? in colorado , call 1 - 800 - 522 - 4700 . florida , call 1 - 888 - admit - it . in iowa , there is help . and hope . call 1 - 800 - bets - off . in louisiana , compulsive or problem gambling ? call 1 - 877 - 770 - stop ( 7867 ) . in mississippi , call 1 - 888 - 777 - 9696 . in missouri , bet with your head , not over it . call 1 - 888 - bets - off or e - mail freehelp @ 888betsoff . org . in pennsylvania : gambling problem ? call 1 - 800 - gambler
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holders of more than 99 percent of the isle shares that voted cast votes in favor of th deal , representing about 84 percent of isle ' s outstanding common stock . isle shareholders also approved , on an advisory basis , certain payments to executive officers in connection with the merger .
officials with the companies said the transaction is still expected to close in the second quarter this year , subject to approval by gaming regulators and other customary closing conditions .
isle of capri casinos reported fiscal 2015 profit of $ 46 . 2 million on net revenue of $ 978 . 6 million .
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from behind the glass windows of his 11th - floor downtown reno office , carano pointed toward plumas street just below .
these days , carano stands atop an expanding hotel - casino empire that is increasingly stepping outside its traditional comfort zone in reno .
the company is a far cry from the humble hotel - casino that family patriarch don carano started in 1973 . back then , the original 282 - room building was considered a risky gamble that was destined for failure .
for carano , the move is not simply about showing strength . it’s about staying ahead of the game in order to survive .
just as today’s reno is a far cry from the city that he fished in as a boy , changing market forces require hotel - casinos of the present to adapt and evolve , carano said . one only needs to look at former family - owned hotel - casinos such as comstock , sundowner and fitzgerald ' s — former downtown reno fixtures that have since been turned into non - gaming entities . having a recession on top of tribal gaming’s onslaught only made matters worse .
“they used to say that gaming was recession - proof , ” carano said . “the recession proved that just like every industry , nobody is recession proof . ”
from 1999 to 2012 , casinos in washoe county — which includes reno , sparks and north lake tahoe — saw revenues or “gaming win” drop annually 10 times in 14 years , according to data from the nevada gaming control board .
this included four straight years of declines from 2001 to 2004 as the specter of indian or tribal gaming cast a shadow over northern nevada , including the opening of thunder valley casino in 2003 just 27 miles north of sacramento in lincoln , calif .
the reno area rebounded for two years with gaming win gains in 2005 and 2006 during the real estate bubble . the great recession , however , pulled the rug from under nevada and hit the silver state particularly hard .
the downturn triggered six straight years of falling revenue for washoe county gaming operations from 2007 - 2012 . after many years of posting revenues above $ 1 billion each year , washoe dipped below the key threshold in 2008 , falling as low as $ 738 . 2 million in 2012 . the area has yet to get back to the billion - dollar threshold for gaming win since falling below the mark .
“they had two choices , stay and be what they were , maximize that and try to survive under those circumstances or find a way to diversify , ” said ken adams , a reno - based gaming analyst with cdc consulting . “the caranos were smart enough to foresee the limits of what they had . ”
a look at washoe county gaming revenue through the years in actual dollars . hover over the graph to see actual values .
the growth makes the company a big player in gaming , according to adams .
although gary carano’s father continues to have a soft spot for the company he started , the elder carano’s attention is focused on a different enterprise today . the hotel - casino owner turned wine patron spends a lot of time at ferrari - carano vineyards and winery , which comprises more than 1 , 500 acres in california’s sonoma county . the business includes the estate winery in dry creek valley where the company’s white wines are made , and the mountain winery in alexander valley , where red wines are produced .
carano smiled and shook his head in amusement as well as disbelief while talking about seeing his father’s wines at shops and supermarkets .
“that’s his real love , ” carano said . “he’s very happy for our company , but his real love is expanding the winery and doing those wines . ”
while researching the venture , carano says he could not help but notice familiar themes in the companies’ histories . founder bernie goldstein , dubbed the father of modern riverboat gambling , was a lawyer just like carano’s father . although goldstein’s children ended up working in the family’s scrap metal firm alter trading corp . instead of his casinos , they still held positions at isle of capris’ board .