News Article | May 9, 2017
Among the highlights of the March 2017 quarterly performance report for the ERI Scientific Beta indices: As part of its policy of transferring know-how to the industry, EDHEC-Risk Institute has set up ERI Scientific Beta. ERI Scientific Beta is an original initiative which aims to favour the adoption of the latest advances in smart beta design and implementation by the whole investment industry. Its academic origin provides the foundation for its strategy: offer, in the best economic conditions possible, the smart beta solutions that are most proven scientifically with full transparency of both the methods and the associated risks. ERI Scientific Beta, 1 George Street, #07-02, Singapore 049145. For further information, please contact: Carolyn Essid, Tel.: +33 493 187 824, E-mail: firstname.lastname@example.org, Web: www.scientificbeta.com. Find out more about the research conducted by EDHEC-Risk Institute on smart beta and the Scientific Beta indices by following us on Twitter (https://twitter.com/ScientificBeta), LinkedIn (https://www.linkedin.com/company/scientific-beta) and YouTube (https://www.youtube.com/channel/UCRL91F-LvhLPc9M9OD7LQgA).
News Article | May 1, 2017
Holders of the Early Tender Notes received the total consideration of $1,031.88 per $1,000 principal amount of Notes tendered, which includes an early tender payment of $2.50 per $1,000 principal amount of Notes tendered (the "Early Tender Payment"). In addition, holders of the Early Tender Notes received accrued and unpaid interest up to, but not including, the date of payment for the Notes. Holders validly tendering Notes after the Early Tender Date but prior to 11:59 p.m. New York City time, on May 12, 2017, unless extended or earlier terminated by the Company (the "Expiration Date") will not be eligible to receive the Early Tender Payment, but will be eligible to receive the tender offer consideration of $1,029.38 per $1,000 principal amount of Notes tendered, plus accrued and unpaid interest up to, but not including, the date of payment for such Notes. Other than as required by applicable law, tendered Notes may not be withdrawn after the Early Tender Date. The Company's obligation to purchase the Early Tender Notes was, and acceptance of Notes tendered after the Early Tender Date but at or before the Expiration Date is, subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase. The final settlement will be promptly after the Expiration Date, and is expected to be on May 15, 2017. The Company has engaged J.P. Morgan Securities LLC to act as the dealer manager in connection with the Tender Offer. Questions regarding the Tender Offer may be directed to J.P. Morgan Securities LLC at (212) 834-4811 (collect) or (866) 834-4666 (US toll-free). Requests for documentation may be directed to D.F. King & Co., Inc., at (866) 530-8636 (US toll-free) or (212) 269-5550 (for bankers and brokers) or via email to email@example.com. This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase any securities. The Tender Offer is being made solely pursuant to the Offer to Purchase, which sets forth the complete terms of the Tender Offer. ABOUT ISLE OF CAPRI CASINOS Isle of Capri Casinos, Inc. is a leading regional gaming and entertainment company dedicated to providing guests with an exceptional experience at each of the 13 casino properties that it owns or operates, primarily under the Isle and Lady Luck brands. On May 1, 2017, Eldorado Resorts, Inc. (NASDAQ: ERI) ("ERI") and the Company announced that the previously announced merger of the Company and ERI has been consummated, resulting in ERI's acquisition of all of the outstanding shares of the Company. More information is available at the Company's website, www.islecorp.com. FORWARD-LOOKING STATEMENTS This press release may be deemed to contain forward-looking statements, which are subject to change. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, licensing, and other regulatory approvals, financing sources, development and construction activities, costs and delays, weather, permits, competition and business conditions in the gaming industry. The forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements herein. Additional information concerning potential factors that could affect the Company's financial condition, results of operations and expansion projects, is included in the filings of the Company with the Securities and Exchange Commission, including, but not limited to, its Form 10-K for the most recently ended fiscal year. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/isle-of-capri-casinos-inc-announces-early-tender-results-and-initial-settlement-of-cash-tender-offer-300448770.html
News Article | May 4, 2017
RENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ:ERI) (“Eldorado,” “ERI,” or “the Company”) today reported operating results for the first quarter ended March 31, 2017. “The year-over-year decline in Eldorado’s first quarter results reflects the impact of significant weather disruption at our Reno Tri-Properties’ operations. The impact of decreased visitation at the Reno Tri-Properties resulting from all-time record snowfall in the region was partially offset by continued strong performance of Eldorado Scioto Downs, and the benefit from cost reductions implemented at Mountaineer which drove a significant double digit increase in the property’s Adjusted EBITDA, the first such year-over-year improvement in 12 quarters,” said Gary Carano, Chairman and Chief Executive Officer of Eldorado. “Snow storms during eleven of the fourteen weekends in the 2017 first quarter significantly hampered drive-in visitation from important California feeder markets, impacting visitation and revenue for our Reno Tri-Properties. Notwithstanding the first quarter weather challenges, we expect to continue to leverage the ongoing organic growth opportunities we have in Reno to deliver improvements in our Tri-Properties’ results going forward. During the quarter we made significant progress on our comprehensive $50 million facility enhancement plan that should allow us to further benefit from the region’s continued economic resurgence and positive long-term outlook. Our capital plan for the Reno Tri-Properties is creating a more integrated guest and a luxury resort experience. In the first quarter, we completed the renovation of 300 guest rooms at Circus Circus Reno, representing approximately 19% of the property’s room base, and opened Kanpai Sushi and El Jefe’s Cantina. Property enhancements currently underway include a new poker room and Canter’s Delicatessen at Silver Legacy, a new food court with Habit Burger, Piezzetta Pizza Kitchen and Panda Express, a 6,700 square foot video arcade, party rooms and bar, the renovation of approximately 600 guest rooms, and a new Madame Butterworks Café at Circus Circus Reno, the renovation of approximately 160 guest rooms at Eldorado Reno and new public spaces across all three properties. “Complementing our organic growth plan across our legacy property portfolio, earlier this week we completed the accretive acquisition of Isle of Capri Casinos. The addition of Isle’s twelve casino-resorts to our property portfolio transforms Eldorado into a premiere, diversified regional gaming operator with many opportunities for near- and long-term growth. The acquisition of Isle of Capri significantly expands the scale of our gaming operations and minimizes market-specific risk. “With this acquisition now complete, we have created significant value for our shareholders as we have grown our operations from two wholly-owned properties and a 50% interest in a third property in two states, to a company that now operates 19 properties across ten states in which we feature approximately 20,000 slot machines and VLTs, more than 550 table games and over 6,500 hotel rooms in addition to many leading food and beverage offerings. Our ongoing expansion, combined with an unwavering enterprise-wide commitment to guest satisfaction including exciting gaming and other entertainment, best in market food and beverage offerings and other amenities and services, has in just a few short years elevated Eldorado to become a leading regional gaming company. “We have made significant progress with the Isle integration prior to the completion of this transaction and we believe our history of successful integration of acquired properties prior to the completion of the Isle of Capri transaction will serve us well.” At March 31, 2017, Eldorado had $44.6 million in cash and cash equivalents and $378.8 million in restricted cash, which included $376.8 million of escrow cash related to the Isle of Capri Casinos acquisition. Outstanding indebtedness at March 31, 2017 totaled $1.2 billion, including $23 million outstanding on the Company’s revolving credit facility and $375 million in borrowings that were placed in escrow pending the closing of the acquisition of Isle of Capri Casinos. Upon consummation of the acquisition of Isle of Capri Casinos on May 1, 2017, and the completion of financing transactions in conjunction with the acquisition, the Company’s outstanding debt is $2.3 billion, comprised of $375 million of Senior Notes due 2023, $375 million of Senior Notes due 2025, a $1.45 billion Term Loan B and outstanding borrowings under a new $300 million revolving credit facility. Capital expenditures in the first quarter of 2017 totaled $6.2 million. “With the completion of the acquisition of Isle of Capri, we expect that our free cash flow will position Eldorado to reduce leverage while maintaining the financial flexibility to evaluate and pursue additional growth opportunities,” said Tom Reeg, President and Chief Financial Officer of Eldorado. “We remain confident that we will exceed our $35 million synergy target and are off to a great start, realizing more than $20 million of annual cost synergies immediately upon closing. During the quarter, we also raised the debt financing for the Isle transaction. Pro forma annual interest expense will be less than $100 million, approximately $15 million less than anticipated at the time of the transaction announcement.” Consistent with prior disclosures, Eldorado expects the $134.5 million sale of Isle of Capri Hotel Lake Charles to close later in 2017, subject to regulatory approval, and the Company intends to allocate all of the net proceeds from the sale to debt reduction. Net revenue at the Reno Tri-Properties for the quarter ended March 31, 2017 declined approximately 13.8% to $62.7 million compared to $72.8 million in the prior-year period, with operating income of $1.5 million compared to $5.6 million in the year-ago quarter. Adjusted EBITDA was $6.3 million compared to Adjusted EBITDA of $11.0 million in the prior-year period. Net revenue, operating income and Adjusted EBITDA for the Reno Tri-Properties in the first quarter of 2017 were significantly impacted by severe weather including historically high snow fall in the region during the period. Overall, the record snow fall included storms over 11 of the 14 weekends in the quarter which significantly hampered drive-in visitation from California to Reno over the Donner Pass. Notwithstanding the impact of weather, the consolidation of the Tri-Properties is expected to continue to bring efficiencies and growth with the ongoing implementation of revenue and expense synergy strategies and the commencement of the Company’s $50 million capital plan. Net revenue at Eldorado Shreveport declined 7.3% to $31.9 million in the first quarter of 2017 from $34.4 million in the first quarter of 2016, while operating income declined $0.6 million year over year to $5.9 million. Adjusted EBITDA decreased 7.1% to $7.9 million from $8.4 million in the comparable quarter of 2016 with the property’s Adjusted EBITDA margin increasing 10 basis points to 24.6%. Eldorado Shreveport was impacted by historically low table games hold percentage which the Company estimates impacted quarterly Adjusted EBITDA by approximately $0.7 million when compared to normalized hold percentage. Net revenue at Eldorado Scioto Downs increased 5.9% to $42.1 million in the first quarter of 2017 from $39.8 million in the first quarter of 2017 and operating income rose to $11.1 million from $9.8 million in the year-ago quarter. Scioto Downs’ first quarter 2017 Adjusted EBITDA increased 7.4% to $15.7 million from $14.6 million in the comparable prior-year period marking the ninth consecutive quarter that Adjusted EBITDA at the property rose on a year over year basis. The property’s Adjusted EBITDA margin increased 50 basis points year over year to 37.2%, a quarterly record for the property. The 118-room Hampton Inn Hotel at the property developed by a third party opened on March 17 and since opening has driven visitation and spend at the property. At Presque Isle Downs & Casino, first quarter 2017 net revenue declined 4.8% to $31.6 million. The lower revenue led to a decline in operating income to $2.4 million compared to $3.0 million in the year-ago quarter and in Adjusted EBITDA which declined 12.5% to $4.2 million in the first quarter of 2017 from $4.8 million a year ago. Net revenue at Mountaineer Casino, Racetrack & Resort declined 2.4% to $32.6 million in the first quarter of 2017 from $33.4 million in the first quarter of 2016. Benefits from the Company’s recently implemented efforts to right-size operating expenses for the property to match current visitation and revenue volumes drove a year-over-year improvement in operating income in the first quarter of 2017 to $1.6 million compared to $0.9 million in the year-ago period and a 19.3% year-over-year increase in Adjusted EBITDA to $4.2 million compared to $3.5 million in the first quarter of 2016. Future Property Results Reporting Presentation Post Close of Acquisition of Isle of Capri Reflecting the completion on May 1 of the Company’s acquisition of Isle of Capri, Eldorado will change its quarterly property results reporting, which will be consistent with expected changes in our management report structure. This new reporting will commence with the reporting of financial results for the second quarter period ending June 30, 2017. At that time, the Company expects to report its property operating results in four regions: At that time, the Company will also provide combined historical operating results for each of the 2016 and 2017 quarterly periods and for the full year period for these regions that include the operations of the acquired Isle of Capri properties as if the properties were acquired by Eldorado on January 1, 2016. While this presentation will not conform with generally accepted accounting principle (“GAAP”) or the Securities and Exchange Commission rules for pro forma presentation, the Company will present the combined information as it believes it provides a meaningful comparison for the periods presented. Adjusted EBITDA (defined below), a non GAAP financial measure, has been presented as a supplemental disclosure because it is a widely used measure of performance and basis for valuation of companies in our industry and we believe that this non GAAP supplemental information will be helpful in understanding the Company’s ongoing operating results. Adjusted EBITDA represents operating income (loss) before depreciation and amortization, stock based compensation, transaction expenses, S-1 expenses, severance expenses and other, which includes equity in income (loss) of unconsolidated affiliates, (gain) loss on the sale or disposal of property, and other regulatory gaming assessments, including the impact of the change in regulatory reporting requirements, to the extent that such items existed in the periods presented. Adjusted EBITDA is not a measure of performance or liquidity calculated in accordance with U.S. GAAP, is unaudited and should not be considered an alternative to, or more meaningful than, net income (loss) as an indicator of our operating performance. Uses of cash flows that are not reflected in Adjusted EBITDA include capital expenditures, interest payments, income taxes, debt principal repayments and certain regulatory gaming assessments, which can be significant. As a result, Adjusted EBITDA should not be considered as a measure of our liquidity. Other companies that provide EBITDA information may calculate EBITDA differently than we do. The definition of Adjusted EBITDA may not be the same as the definitions used in any of our debt agreements. Eldorado will host a conference call at 4:30 p.m. ET today. Senior management will discuss the financial results and host a question and answer session. The dial in number for the audio conference call is 719/457-2615, conference ID 8250249 (domestic and international callers). Participants can also access a live webcast of the call through the “Events & Presentations” section of Eldorado’s website at http://www.eldoradoresorts.com/ and a replay of the webcast will be archived on the site for 90 days following the live event. Eldorado Resorts is a leading casino entertainment company that owns and operates nineteen properties in ten states, including Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio, Pennsylvania and West Virginia. In aggregate, Eldorado’s properties feature approximately 20,000 slot machines and VLTs, more than 550 table games and over 6,500 hotel rooms. For more information, please visit www.eldoradoresorts.com. This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding our strategies, objectives and plans for future development or acquisitions of properties or operations, as well as expectations, future operating results and other information that is not historical information. When used in this press release, the terms or phrases such as “anticipates,” “believes,” “projects,” “plans,” “intends,” “expects,” “might,” “may,” “estimates,” “could,” “should,” “would,” “will likely continue,” and variations of such words or similar expressions are intended to identify forward-looking statements. Although our expectations, beliefs and projections are expressed in good faith and with what we believe is a reasonable basis, there can be no assurance that these expectations, beliefs and projections will be realized. There are a number of risks and uncertainties that could cause our actual results to differ materially from those expressed in the forward-looking statements which are included elsewhere in this press release. Such risks, uncertainties and other important factors include, but are not limited to: Eldorado’s ability to promptly and effectively integrate the business of Eldorado and Isle and realize synergies resulting from the combined operations; our substantial indebtedness and the impact of such obligations on our operations and liquidity; competition; sensitivity of our operations to reductions in discretionary consumer spending and changes in general economic and market conditions; governmental regulations and increases in gaming taxes and fees in jurisdictions in which we operate; and other risks and uncertainties described in our reports on Form 10-K, Form 10-Q and Form 8-K. In light of these and other risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur. These forward-looking statements speak only as of the date of this press release, even if subsequently made available on our website or otherwise, and we do not intend to update publicly any forward-looking statement to reflect events or circumstances that occur after the date on which the statement is made, except as may be required by law.
News Article | May 4, 2017
NASA has discovered a new planetary system, which is just 10.5 light-years away and noted that it is "remarkably similar" to Earth's solar system. NASA's Stratospheric Observatory for Infrared Astronomy or SOFIA finished studying the nearby solar system similar to our own, but the former is comparatively younger. The star of the newly-discovered solar system has been named Epsilon Eridani or eps Eri and it is located in the Southern Hemisphere of the Eridanus constellation. This solar system is one-fifth the age of Earth's planetary system. "This star hosts a planetary system currently undergoing the same cataclysmic processes that happened to the solar system in its youth," Massimo Marengo, one of the researchers of the study, wrote in the paper. Previous studies noted that a debris disk surrounded the eps Eri. In-depth research later confirmed that other than the debris disk, a planet that has the same mass as Jupiter revolves around eps Eri. This planet revolves at a distance almost equal to that of Jupiter's from the sun. For the unfamiliar, debris disk is the leftover material that continues to revolve around a star even after planetary formation is complete. The debris can be found in the form of small icy or rocky bodies. It can also be in the form of gas and dust. The disks can be broad with a continuous train of materials. They can also be concentrated into belts, similar to our solar system's Kuiper Belt. The Kuiper Belt is the space beyond Neptune where hundreds of icy rock fragments can be found. Armed with the latest images from SOFIA, lead researcher Kate Su and her colleagues were able to differentiate between the locations of two hypothetical models of warm debris — composed of gas and dust — in the newly-discovered Epsilon Eridani solar system. The two theoretical models were created based on data previously obtained from NASA's Spitzer space telescope. The first theoretical model, which was established based on old images, indicated that the warm material was arranged in two narrow rings. This is similar to the positioning of the asteroid belt in our solar system and Uranus' orbit. The second theoretical model suggests that the warm material originates in the Kuiper Belt-type zone in the eps ERI solar system and fills the debris disk toward the principal star. According to the model, the material is inside a broad disk and not like an asteroid belt-type ring. The second model also theorizes that the debris is not linked to any planets in the solar system's inner region. With the help of images SOFIA captured, the astronomers confirmed that the material forming the debris disk of the Epsilon Eridani solar system was arranged as the first theoretical model depicted. "We can now say with great confidence that there is a separation between the star's inner and outer belts," Marengo stated. Marengo added that the latest findings are significant as the newly-discovered planetay system is a good model to gain an understanding of the early days of our solar system. The discovery may help astronomers understand how our Milky Way evolved. The discovery of the planetary system was credited to the SOFIA. When compared to Spitzer, the SOFIA telescope has a bigger diameter. This allowed the team to distinguish between images that are three times smaller than what could have been viewed with the Sptizer. Moreover, SOFIA's powerful camera — the Faint Object infraRed CAmera or FORCAST — made it possible for the astronomers to observe the strongest IR emissions from the material revolving around the Epsilon Eridani. The findings of the study have been published in the Astronomical Journal. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.
News Article | February 15, 2017
Nanyang Technological University, Singapore (NTU Singapore) and leading cyber security company FireEye are inking a partnership to explore new areas in cyber security research, and to develop courses to meet the rising demand for cyber security professionals needed to help defend critical networks. Besides carrying out joint research projects and developing new curriculum in cybersecurity, the partnership will offer scholarships, and provide internship opportunities to NTU students. The collaboration was signed today at one of the world's largest gathering of information security professionals, the RSA Conference in California, the United States, by NTU's Dean of the College of Science, Professor Ling San, and Kevin Mandia, Chief Executive Officer at FireEye. NTU Provost, Professor Freddy Boey said, "Today, the world is more connected than ever before, from internet banking to critical infrastructure, and this creates new vulnerabilities. NTU's new partnership with FireEye will not only find better ways to address the rising cyber threats, but also groom the next generation of future-ready cybersecurity professionals." The collaboration will focus on efforts to automatically classify malicious software (malware) and to study new methods that attackers use to infiltrate computer systems. This includes developing solutions to identify hidden malware behaviour that could evade regular detection methods. Eric Hoh, President of Asia Pacific Japan at FireEye said, "In the wake of the U.S. presidential election, it is clear that cyber security is the next domain in which national sovereignty will be challenged. This is cause for concern in the Asia Pacific region, where attackers spend a median of 520 days inside organizations before they are discovered. To improve, organizations must apply a combination of technology, threat intelligence, and -- most crucially -- expertise. Southeast Asia faces a shortage of cyber security expertise, and this collaboration will help bolster the ranks of those that defend Singapore networks." Mr David Koh, Chief Executive of the Cyber Security Agency of Singapore said, "This NTU-FireEye partnership brings together the strengths of both academia and industry to offer cutting-edge cybersecurity research as well as robust training to develop cybersecurity talent. It is a welcomed move to ensure we have a pool of skilled manpower with deep cybersecurity capabilities for Singapore." A research-intensive public university, Nanyang Technological University, Singapore (NTU Singapore) has 33,500 undergraduate and postgraduate students in the colleges of Engineering, Business, Science, Humanities, Arts, & Social Sciences, and its Interdisciplinary Graduate School. It also has a medical school, the Lee Kong Chian School of Medicine, set up jointly with Imperial College London. NTU is also home to world-class autonomous institutes - the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre for Environmental Life Sciences Engineering - and various leading research centres such as the Nanyang Environment & Water Research Institute (NEWRI), Energy Research Institute @ NTU (ERI@N) and the Institute on Asian Consumer Insight (ACI). Ranked 13th in the world, NTU has also been ranked the world's top young university for the last three years running. The University's main campus has been named one of the Top 15 Most Beautiful in the World. NTU also has a campus in Novena, Singapore's medical district. FireEye is the intelligence-led security company. Working as a seamless, scalable extension of customer security operations, FireEye offers a single platform that blends innovative security technologies, nation-state grade threat intelligence, and world-renowned Mandiant® consulting. With this approach, FireEye eliminates the complexity and burden of cyber security for organizations struggling to prepare for, prevent, and respond to cyber attacks. FireEye has over 5,600 customers across 67 countries, including more than 40% of the Forbes Global 2000. FireEye and Mandiant are registered trademarks or trademarks of FireEye, Inc. in the United States and other countries. All other brands, products, or service names are or may be trademarks or service marks of their respective owners. This press release contains forward-looking statements, including statements related to expectations, beliefs, benefits, plans and objectives with respect to the partnership between Nanyang Technological University, Singapore and FireEye. Readers should not place undue reliance on such forward-looking statements, which are based upon beliefs and information as of the date of this release. These forward-looking statements are subject to change as a result of new information, future events or other circumstances and are expressly qualified in their entirety by this cautionary statement. In addition, these forward-looking statements are made as of the date hereof and NTU and FireEye specifically disclaim any obligation or intention to update the forward-looking statements to reflect events that occur or circumstances that exist after the date of this release.
News Article | February 15, 2017
MCLEAN, VA and SINGAPORE--(Marketwired - February 09, 2017) - Smart technologies, such as sensors to improve workplace safety and artificial intelligence to aid courtrooms, could emerge from a new research partnership between Nanyang Technological University, Singapore (NTU Singapore) and The MITRE Corporation from the United States. MITRE is a not-for-profit organization that operates federally funded research and development centers in the U.S., providing the US government with engineering, technical and scientific expertise in areas of defence, aviation, homeland security, U.S. courts, healthcare and cybersecurity. NTU and MITRE signed two research agreements today at MITRE's McLean campus in Virginia, U.S., signed by NTU Provost Professor Freddy Boey and MITRE's Senior Vice President Lillian Zarrelli Ryals. The joint research partnership aims to develop innovative technologies to support Singapore's Smart Nation ambitions and improve safety in workplaces, and in Judicial Engineering, which aims to improve productivity and processes for the Singapore courts. Prof Boey said the tie-up brings Singapore a step closer to achieving its Smart Nation vision as the country develops new technologies to tackle critical challenges such as labour shortfall and a rapidly aging workforce. "This new partnership brings together MITRE's strengths in smart technologies and judiciary engineering with NTU's expertise in systems engineering as well as our track record in sustainable and intelligent technologies," said Prof Boey. "Partnering with the best global players like MITRE for interdisciplinary research is important as NTU continues to develop innovative solutions relevant for Singapore and Asia." MITRE's Senior Vice President Ms Ryals said, "MITRE looks forward to strengthening its relationship with NTU by entering into new research partnerships focused on judicial systems and personnel/workplace safety. NTU's extremely strong technical expertise, combined with MITRE's systems engineering acumen, will aid both organizations in tackling the most difficult global problems in these domains." The partnership between NTU and MITRE will look into area of Judicial Engineering, where NTU researchers will work with Singapore's courts to study how technology can help to improve court operations and to increase the productivity of the courts. New technologies to be explored include artificial intelligence and machine learning, court analytics and decision support systems as well as cybersecurity. The second thrust of the tie-up will be a focus on secure smart technologies such as sensors, diverse data sources, analytic technologies, and decision support tools. These smart technologies aim to improve workplace and personnel safety through providing critical safety information gathered through sensors, analytics and other data sources. For example, smart sensors could gather data on the number of employees in an office building and large installations like the airport and seaport, so as to generate the ideal work environment in terms of oxygen levels, brightness of lighting and ambient temperature based on demand in an area. In the event of an incident such as a fire, the information picked up by the smart sensors could also help fire safety officers ensure the safe evacuation of everyone. A research-intensive public university, Nanyang Technological University, Singapore (NTU Singapore) has 33,500 undergraduate and postgraduate students in the colleges of Engineering, Business, Science, Humanities, Arts, & Social Sciences, and its Interdisciplinary Graduate School. It also has a medical school, the Lee Kong Chian School of Medicine, set up jointly with Imperial College London. NTU is also home to world-class autonomous institutes - the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre for Environmental Life Sciences Engineering - and various leading research centres such as the Nanyang Environment & Water Research Institute (NEWRI), Energy Research Institute @ NTU (ERI@N) and the Institute on Asian Consumer Insight (ACI). Ranked 13th in the world, NTU has also been ranked the world's top young university for the last three years running. The University's main campus has been named one of the Top 15 Most Beautiful in the World. NTU also has a campus in Novena, Singapore's medical district. The MITRE Corporation is a private, not-for-profit organization that operates research and development centers for the US government. We provide technical expertise in defense, systems engineering, aviation, cybersecurity, critical infrastructure protection, enterprise modernization, and healthcare. With 70 locations around the world, MITRE collaborates with partner nations, the international community, academia, and research institutions to strengthen national and global security. In 2015, MITRE opened MITRE Asia Pacific Singapore (MAPS), its first international research and development center in Singapore. Learn more at www.mitre-ap.sg
News Article | February 16, 2017
Scientists from Nanyang Technological University, Singapore (NTU Singapore) have developed an ultrafast high-contrast camera that could help self-driving cars and drones see better in extreme road conditions and in bad weather. Unlike typical optical cameras, which can be blinded by bright light and unable to make out details in the dark, NTU's new smart camera can record the slightest movements and objects in real time. The new camera records the changes in light intensity between scenes at nanosecond intervals, much faster than conventional video, and it stores the images in a data format that is many times smaller as well. With a unique in-built circuit, the camera can do an instant analysis of the captured scenes, highlighting important objects and details. Developed by Assistant Professor Chen Shoushun from NTU's School of Electrical and Electronic Engineering, the new camera named Celex® is now in its final prototype phase. "Our new camera can be a great safety tool for autonomous vehicles, since it can see very far ahead like optical cameras but without the time lag needed to analyse and process the video feed," explained Asst Prof Chen. "With its continuous tracking feature and instant analysis of a scene, it complements existing optical and laser cameras and can help self-driving vehicles and drones avoid unexpected collisions that usually happens within seconds." Asst Prof Chen unveiled the prototype of Celex® last month at the 2017 IS&T International Symposium on Electronic Imaging (EI 2017) held in the United States. It received positive feedback from the conference attendees, many of whom are academia and top industry players. A typical camera sensor has several millions pixels, which are sensor sites that record light information and are used to form a resulting picture. High-speed video cameras that record up to 120 frames or photos per second generate gigabytes of video data, which are then processed by a computer in order for self-driving vehicles to "see" and analyse their environment. The more complex the environment, the slower the processing of the video data, leading to lag times between "seeing" the environment and the corresponding actions that the self-driving vehicle has to take. To enable an instant processing of visual data, NTU's patent-pending camera records the changes between light intensity of individual pixels at its sensor, which reduces the data output. This avoids the needs to capture the whole scene like a photograph, thus increasing the camera's processing speed. The camera sensor also has a built-in processor that can analyse the flow of data instantly to differentiate between the foreground objects and the background, also known as optical flow computation. This innovation allows self-driving vehicles more time to react to any oncoming vehicles or obstacles. The research into the sensor technology started in 2009 and it has received $500,000 in funding from the Ministry of Education Tier 1 research grant and the Singapore-MIT Alliance for Research and Technology (SMART) Proof-of-Concept grant. The technology was also published in two academic journals published by the Institute of Electrical and Electronics Engineers (IEEE), the world's largest technical professional organisation for the advancement of technology. With keen interest from the industry, Asst Prof Chen and his researchers have spun off a start-up company named Hillhouse Tech to commercialise the new camera technology. The start-up is incubated by NTUitive, NTU's innovation and enterprise company. Asst Prof Chen expects that the new camera will be commercially ready by the end of this year, as they are already in talks with global electronic manufacturers. A research-intensive public university, Nanyang Technological University, Singapore (NTU Singapore) has 33,500 undergraduate and postgraduate students in the colleges of Engineering, Business, Science, Humanities, Arts, & Social Sciences, and its Interdisciplinary Graduate School. It also has a medical school, the Lee Kong Chian School of Medicine, set up jointly with Imperial College London. NTU is also home to world-class autonomous institutes -- the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre for Environmental Life Sciences Engineering - and various leading research centres such as the Nanyang Environment & Water Research Institute (NEWRI), Energy Research Institute @ NTU (ERI@N) and the Institute on Asian Consumer Insight (ACI). Ranked 13th in the world, NTU has also been ranked the world's top young university for the last three years running. The University's main campus has been named one of the Top 15 Most Beautiful in the World. NTU also has a campus in Novena, Singapore's medical district.
News Article | February 16, 2017
NEW YORK--(BUSINESS WIRE)--ERI, the nation’s leading recycler of electronic waste and a leader in the IT asset disposition (ITAD), cybersecurity focused hardware destruction, and data destruction space, has been named a partner organization for the “STOP. THINK. CONNECT.” Global online safety awareness campaign. “STOP. THINK. CONNECT.” was designed to help all digital citizens stay safer and more secure online. The messaging was created by an unprecedented coalition of private companies, non-profits and government organizations with leadership provided by the National Cyber Security Alliance (NCSA) and the Anti-Phishing Working Group (APWG). The campaign was launched in partnership with the U.S. government, including the White House. NCSA, in partnership with the APWG, continue to lead the campaign. The Department of Homeland Security leads the federal engagement in the campaign. “Cyber security and online safety are a crucial pert of what we do every day, and we know first hand how vitally important these issues are,” said John Shegerian, Chairman and CEO of ERI. “It’s an honor and a privilege to be among the prestigious organizations taking part in this crucial program. We’re proud to be able to share our knowledge and assist the government agencies working on this project. Now more than ever, proper destruction of private digital data has become a crucially important issue. As a society, we must be vigilant in this area, if we are to protect our privacy and the efforts of homeland security.” The U.S. Department of Homeland Security provides the Federal Government's leadership for the “STOP. THINK. CONNECT.” campaign. ERI has one of the largest owned and operated ITAD processing footprints in North America, with eight processing facilities (totaling about 1 million square feet) distributed across the U.S. and are certified to the ISO 9001, ISO 14001 standards and both e-Stewards and R2 standards. In addition, five of ERI's largest facilities are also NAID AAA-certified, and the remaining three facilities are scheduled for AAA certification this year. For more information on general recycling and electronic data destruction needs, visit www.ERIdirect.com, www.Recyclenation.com, http://greenisgoodradio.com, www.insecurityofeverything.com or www.urbanmining.org. ERI, the nation’s leading recycler of electronic waste and the world's largest IT asset disposition (ITAD) and cybersecurity-focused hardware destruction company, is certified to de-manufacture and recycle every type of electronic waste in an environmentally friendly manner. ERI processes more than 275 million pounds of electronic waste annually at eight locations, serving every zip code in the United States. For more information about e-waste recycling and ERI, call 1-800-ERI-DIRECT or visit www.ERIdirect.com.
News Article | February 23, 2017
RENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced today that it will report its 2016 fourth quarter financial results after the market closes on Thursday, March 9, 2017. The Company will host a conference call and webcast at 4:30 p.m. ET on Thursday, March 9, 2017 to review the results. To access the conference call, interested parties may dial 719/457-2080, conference ID 1974223 (domestic and international callers). Participants can also access a live webcast of the call through the “Events & Presentations” section of Eldorado’s website at http://www.eldoradoresorts.com/. A webcast replay will be available for 90 days following the live event at http://www.eldoradoresorts.com/. Please call five minutes in advance to ensure that you are connected. Questions and answers will be taken only from participants on the conference call. For the webcast, please allow 15 minutes to register, download and install any necessary software. If you have questions about Eldorado or are interested in conducting a conference call with Eldorado management please contact JCIR at 212/835-8500 or firstname.lastname@example.org. Eldorado Resorts is a casino entertainment company that owns and operates seven properties in five states, including the Eldorado Resort Casino, the Silver Legacy Resort Casino and Circus Circus Resort Casino in Reno, NV; the Eldorado Resort Casino in Shreveport, LA; Eldorado Gaming Scioto Downs in Columbus, OH; Mountaineer Casino Racetrack & Resort in Chester, WV; and Presque Isle Downs & Casino in Erie, PA. For more information, please visit www.eldoradoresorts.com. On September 19, 2016 the Company announced that it entered into a definitive merger agreement to acquire Isle of Capri Casinos, Inc. (NASDAQ: ISLE) for total consideration of $1.7 billion. Upon completion of the transaction, expected to occur in the second quarter of 2017, Eldorado will add 12 properties to its portfolio taking into account announced divestitures.
News Article | February 21, 2017
ERI Scientific Beta extends the analytics capabilities of its smart beta index platform ERI Scientific Beta has announced an expansion of the Scientific Beta platform's analytics capabilities, available with immediate effect from February 2017. Notably, within the context of ERI Scientific Beta's environmental initiatives, the carbon metrics, including both "Carbon Footprint" and "Carbon Intensity", have been extended to all indices built on the Developed and Extended Developed Europe universes and are available to platform users free of charge. On this occasion, Professor Noël Amenc, CEO of ERI Scientific Beta, said, "This initiative is part of our contribution towards the fight against the effects of human activities on climate change. When we signed the United Nations-supported Principles for Responsible Investment (PRI) on September 27, 2016, we clearly expressed our desire to be one of the leaders in introducing environmental constraints into the investment industry. In December 2015, on the occasion of the Paris climate conference, we announced the launch of indices reconciling an objective of strongly reducing the carbon exposure of the investment while generating superior risk-adjusted return through a multi-factor approach. Today, we have almost USD 3 million in assets committed to this type of approach. By allowing all investors to assess the carbon intensity and carbon footprint of their smart beta investment, we hope that they will easily be able to integrate environmental constraints into their investment policy." The analytics platform has also been enhanced to allow investors to avail of new functionality to analyse the Scientific Beta indices: Scientific Beta Analytics enable users to analyse the performance and risks of ERI Scientific Beta's wide range of indices. The functionalities enable the performance and risks to be measured in both absolute and relative terms and also allow the user to qualify the risk-adjusted performance. The analytics provide numerous features enabling the geographic and sector exposures and the origin of the performance (performance attribution) to be identified. They also enable the factor exposure, as well as the fundamental metrics associated with each index, to be analysed. As part of its policy of transferring know-how to the industry, EDHEC-Risk Institute has set up ERI Scientific Beta. ERI Scientific Beta is an original initiative which aims to favour the adoption of the latest advances in smart beta design and implementation by the whole investment industry. Its academic origin provides the foundation for its strategy: offer, in the best economic conditions possible, the smart beta solutions that are most proven scientifically with full transparency of both the methods and the associated risks. ERI Scientific Beta, 1 George Street, #07-02, Singapore 049145. For further information, please contact: email@example.com, Web: www.scientificbeta.com.