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 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 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 20, 2017
This week at HIMSS17, McKesson will unveil and showcase a collection of financial, clinical, payment, and analytic solutions as part of its ongoing mission to reinvent revenue cycle management to help providers thrive in a complex value-based world. Providers are challenged by a market where traditional fee-for-service agreements are sharing the stage with myriad alternative payment models. In fact, nearly 60% of payment will be a mix of capitation/global payment, pay-for-performance, and bundled payment in five years. Revenue cycle systems designed for fee-for-service lack the analytics, data sharing, and connectivity required to adapt to the new fiscal realities of value-based care. And that’s why McKesson, whose solutions now help thousands of organizations in a fee-for-service world, is investing to ensure its customers can thrive in the transition to value. “We can’t continue to look at revenue cycle management the same old way in an industry rapidly moving to value,” says Rod O’Reilly, President of McKesson Health Solutions. “For example, providers cite a lack of analytics as a reason they don’t meet value-based program objectives up to 78% of the time, which is not sustainable. That’s why we’re investing in a reinvention of revenue cycle management, from financial and clinical clearance to payment integrity and analytics. And that’s why we also invested in bundled payment analytics through our recent acquisition of HealthQx. ” Solutions, services, and new programs highlighting advancements and expertise across the provider reimbursement process will be on display at HIMSS17 at McKesson’s booth #3479, including: Analytics: Healthy Hospital is a new program that uses advanced analytics to help providers benchmark key revenue cycle metrics, and identify areas where they can accelerate or otherwise improve financial performance. In just minutes, providers can make metrics matter by benchmarking their performance against peers nationwide and quickly identify areas where improvement could lead to revenue cycle gains. Financial Clearance: RelayHealth Financial will be previewing an upcoming analytics solution that helps providers continuously improve patient access processes that affect insurance and consumer payments. Attendees will learn how front- and back-end data integration can help revenue cycle teams better coordinate to reduce denials and expedite accurate payments. Also on display: RelayClearance Plus™, RelayHealth Financial’s comprehensive financial clearance and patient engagement suite. It helps providers reduce denials with complete insurance eligibility verification, automated pre-authorization screening and verification, financial responsibility estimation, point-of-service collections, ID validation, and support for patient financial assistance programs. InterQual’s Clinical Clearance: A pre-release preview of InterQual AutoReview™, the first solution to instantly complete InterQual® medical reviews with data pulled automatically from leading EHRs. Attendees can learn how this innovation can help give clinical staff more time to focus on managing patient care instead of completing medical reviews. Payment Assurance: HealthQx® Analytics as a Service, a new data-driven consulting service that helps providers and payers collaborate to develop successful value-based strategies. Unlike traditional consulting, HealthQx puts analytics at the heart of the VBR consulting engagement, starting with the reimbursement data. McKesson experts use the data to develop and visualize the VBR strategy, including how to start, where to start, which episodes to select, which providers to engage with, and what types of value-based models to implement. McKesson’s consultants have years of experience helping health plans launch, pilot, automate, streamline, and scale value-based payment programs. And RelayHealth Financial will also be showing RelayAssurance™ Plus, the company’s analytics-driven claims management solution that automates claims workflows and uses advanced analytics to find and fix payment obstacles that, once removed, help accelerate cash flow. These are just the some of the new solutions, services, and expertise providers need to reinvent their revenue cycle for the VBR era that will be showcased at McKesson Health Solution’s booth #3479, at the HIMSS17 Conference & Exhibition, February 19-23 at the Orange County Convention Center in Orlando. For more information on McKesson Health Solutions, please visit our website, hear from our experts at MHSdialogue, Follow us on Twitter, Like us on Facebook, and network with us on LinkedIn. Related McKesson Health Solutions News McKesson HealthQx First to be Certified on Latest Version of PROMETHEUS Care Episodes McKesson Brings InterQual Criteria to the Cloud RelayHealth Financial Teams with ERI for Revenue Recovery Services About McKesson McKesson Corporation, currently ranked 5th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. McKesson partners with payers, hospitals, physician offices, pharmacies, pharmaceutical companies, and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit www.mckesson.com.
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 email@example.com. 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 | December 8, 2016
NICE, France, Dec. 08, 2016 (GLOBE NEWSWIRE) -- ERI Scientific Beta is delighted to announce that its research publication, "Robustness of Smart Beta Strategies," has won the Best Smart Beta Paper award in the Savvy Investor Awards 2016. Savvy Investor is a leading research hub for the institutional investment industry. The site has over 15,500 members, who between them download more than 12,000 white papers every month. The winning research paper, "Robustness of Smart Beta Strategies," makes a distinction between relative robustness and absolute robustness. A strategy is assumed to be 'relatively robust' if it is able to deliver similar outperformance under similar market conditions by aligning well with the performance of the underlying factor exposure it is seeking and reducing unrewarded risks. Absolute robustness is the absence of pronounced state and/or time dependencies and a strategy shown to outperform irrespective of prevailing market conditions can be termed robust in absolute terms. The paper reviews the importance of robustness for smart beta strategies, explains various methods by which smart beta strategies try to improve robustness, and discusses how to measure and assess robustness in the performance analysis of smart beta strategies. The paper's intention is to provide useful orientation for investors on how to set suitable requirements for robustness. Noël Amenc, CEO of ERI Scientific Beta, said, "There has been significant evidence that smart beta strategies outperform cap-weighted benchmarks in the long run. However, it is important to recognise that performance analysis is typically conducted on back-tests which apply the smart beta methodology to historical stock returns. Concerning actual investment decisions, it is thus highly relevant to question how robust the outperformance is." A webinar on the "Robustness of Smart Beta Strategies," conducted by Eric Shirbini, PhD, Global Product Specialist with ERI Scientific Beta, will be held on December 20, 2016 at 5.00pm CET/11.00am EST. To register for this webinar, please click here. In addition to "Robustness of Smart Beta Strategies," two EDHEC Risk Institute papers were "Highly Commended" in the Savvy Investor Awards 2016. "Factor Investing and Risk Allocation: From Traditional to Alternative Risk Premia Harvesting" was shortlisted in the "Best Alternative Investing Paper 2016" award category and "Ten Misconceptions about Smart Beta" was also shortlisted in the "Best Smart Beta Paper 2016" award category. 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: firstname.lastname@example.org, Web: www.scientificbeta.com.
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.
News Article | November 3, 2016
RENO, Nev.--(BUSINESS WIRE)--Eldorado Resorts, Inc. (NASDAQ:ERI) (“Eldorado,” “ERI,” or “the Company”) today reported operating results for the third quarter ended September 30, 2016. Total Net Revenue ($ in thousands, except per share data) Three Months Ended September 30, 2016 2015 2015 Pre-Acquisition(1) 2015Total(2) Change Reno Tri-Properties $ 89,676 $ 29,002 $ 59,381 $ 88,383 1.5 % Eldorado Shreveport 33,984 34,651 - 34,651 (1.9 )% Scioto Downs (3) 41,965 40,172 - 40,1
News Article | February 28, 2017
ERI Scientific Beta has announced a new series of Multi-Smart-Factor indices that benefits from the results of the research conducted by its research teams reconciling a top-down approach with the search for strong factor intensity. The aim of this Multi-Beta Diversified High Factor Exposure offering is to conserve the advantages of explicit risk control and the diversification of specific risks, while allowing the interactions between factor indices, which can be negative, to be taken into account. These indices benefit from the application of a High-Factor-Exposure filter that eliminates, for a smart beta index that is exposed to the desired factor tilt, the stocks that have undesired exposures to the other factors. This elimination of multi-factor losers conserves the desired factor exposure and significantly increases the factor intensity of the index. Within the context of its Multi-Beta Diversified High-Factor-Exposure indices, Scientific Beta offers two series of flagship indices: Long-term evaluation (40 years - 1975-2015 US Data) of the Multi-Beta Multi-Strategy Diversified High-Factor-Exposure Six-Factor EW index shows that the excess annual return in relation to the cap-weighted equivalent is 3.67% and that the improvement in the Sharpe ratio is 97.2%. On the occasion of the public announcement of this new offering, Professor Noël Amenc, CEO of ERI Scientific Beta, said, "With the Scientific Beta Multi-Beta Diversified High Factor Exposure indices, we show that it is not necessary, as other index providers have done, to abandon the top-down approach, and therefore control over the investment risks, in favour of a bottom-up-type approach based on concentrating portfolios in factor champions, with the corollary of increased turnover, instability in geographic and sector factor exposures, and of course very poor diversification of specific risks. We think that it is in investors' interests not to give up on sound risk management in order to increase the factor intensity of their portfolios. That is the aim of the Multi-Beta Diversified High Factor Exposure offering, which reconciles specific risk diversification, factor exposure control and high factor intensity." More details on this new offering can be found in the Scientific Beta Multi Smart Factor Indices: An Introduction white paper, accessible here. 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: firstname.lastname@example.org, Web: www.scientificbeta.com.