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Resorts Casinos, also known as Resorts Casino Hotel, is a public company that operates in the hospitality and gambling industry. The company's stock is listed on the Nasdaq stock exchange under the ticker symbol "VAC."
Resorts Casinos is based in Mohegan Lake, New York, and is the oldest national casino company in the United States. It operates a variety of facilities, including a major casino and hotel complex in Atlantic City, New Jersey, as well as other casinos and resorts in New York, Pennsylvania, and Mississippi.
In terms of financial performance, Resorts Casinos has seen steady growth in recent years. In its most recent quarterly report, the company reported net revenue of $159.9 million, representing an increase of 17.5% compared to the same period in the previous year. Earnings per share (EPS) for the quarter were $0.55, up from $0.33 in the same period last year.
Looking ahead, Resorts Casinos expects to continue its growth trajectory. The company is well-positioned to take advantage of the growing popularity of sports betting, and it recently announced plans to expand its sports wagering operations to new states. The company is also focused on improving its online gaming offerings and leveraging its strong brand to attract new customers.
Overall, Resorts Casinos appears to be a solid investment opportunity, with a strong track record of financial performance and a promising outlook for future growth. However, as with any investment, it is important to carefully consider the risks and potential rewards before making a decision. Potential investors should consult with a financial advisor and conduct their own research before investing in the stock.