During Tuesday’s current trade, Eldorado Resorts Inc (NASDAQ:ERI)’s shares climbed 10.49%, and is now trading at $5.90, hitting new 52-week high of $5.96, as Eldorado Resorts Inc (ERI), declared that following approval from the Pennsylvania Gaming Control Board that it will soon commence construction on a range of design and facility enhancements at its Presque Isle Downs & Casino in Erie, Pennsylvania.
Eldorado has developed a five part plan for Presque Isle Downs, which was the sole gaming offering in the region when it began gaming operations in February 2007. Reflecting raised competition and Eldorado’s commitment to food, beverage and hospitality excellence, the Corporation intends to invest about $5.1 million in property upgrades and improvements in 2015. “These additional amenities and facility upgrades are designed to enhance the guests experience as well as better position Presque Isle Downs to compete at a much higher level with the raised competition in the region. In addition, it will improve the overall ambiance and appearance of the casino floor giving it more energy and life,” said Jeff Favre, Vice President and General Manger of Presque Isle Downs.
Eldorado Resorts, Inc., a gaming and hospitality corporation, owns and operates gaming facilities in Louisiana, Nevada, Ohio, Pennsylvania, and West Virginia. It owns and operates Eldorado resort casino, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino situated on the Red River in Shreveport, Louisiana; Eldorado Hotel and Casino, a 814-room hotel, casino, and entertainment facility located in downtown Reno, Nevada; and Silver Legacy resort casino, a 1,711-room themed hotel and casino located adjacent to Eldorado Reno.
In an afternoon trade, Inuvo Inc (NYSEMKT:INUV)’s shares climbed 2.85%, and is now trading at $2.53, hitting new 52-week high of $2.78, soon after Inuvo Inc (INUV), declared its advertising contract with Yahoo! will renew under the same terms and conditions upon its anniversary on April 24, 2015.
“We have had a long and mutually beneficial partnership with Yahoo! and we continue to see new and exciting opportunities to expand that relationship,” said Richard Howe, Chairman and CEO of Inuvo.
Inuvo, Inc., together with its auxiliaries, operates as an Internet marketing and technology corporation that delivers advertisements through various networks of Websites and applications reaching desktop and mobile devices in the United States. It operates through two segments, Partner Network, and Owned and Operated Network. The Partner Network segment provides ValidClick, a service platform, which assists the owners of Websites and mobile applications to monetize their properties, in addition to offers a pay-per-click solution where advertisements are targeted to consumers based on content and behaviors.
XL Group plc (NYSE:XL), during its Tuesday’s current trading session raised 0.46%, and is now trading at $37.47, hitting new 52-week high of $37.76, soon after XL Group plc (XL), declared the creation of XL Innovate, an XL sponsored venture capital initiative. The new fund will be led by Tom Hutton, known for his leadership in the creation of successful insurance and financial technology ventures.
XL Innovate will be financially backed by XL and will invest in companies that have a planned focus on developing new capabilities in the insurance sector. The fund will take equity positions in companies that provide new market opportunities for XL throughout the world. XL Innovate will strive to create partnerships outside of the traditional underwriting space to find ways to underwrite presently uninsured risks.
XL CEO Mike McGavick commented: “We are very excited to launch this new initiative, which will extend XL’s capabilities in existing markets and give us new opportunities to address some of the most pressing and complex risk problems in the global economy. XL Innovate is an important step as we continue to drive our focus on innovation forward and secure the relevance of XL and the industry well into the future. We are particularly happy to have Tom Hutton, and his strong track record of insurance innovation, partnering with the XL team.”
XL GROUP Public Limited Corporation, an insurance and reinsurance corporation, provides property, casualty, and specialty products to industrial, commercial, and professional firms; and insurance companies and other enterprises worldwide. The corporation operates in two segments: Insurance and Reinsurance. The Insurance segment offers property, primary and excess casualty, environmental liability, excess and surplus lines, construction, and surety insurance products, in addition to property and casualty programs.
CIGNA Corporation (NYSE:CI)’s shares dipped - 1.27% during the current trading session Tuesday, and is now trading at $130.14, hitting new 52-week high of $133.46, after CIGNA Corporation (CI), will release its First Quarter 2015 financial results on Thursday, April 30, 2015. First Quarter 2015 financial results will be released no later than 6:30 a.m. Eastern Time (ET). Administration will review these results on a conference call starting at 8:30 a.m. ET that same morning.
Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. The corporation’s Commercial segment offers insured and self-insured customers medical, dental, behavioral health, and vision, in addition to prescription drug benefit plans, health advocacy programs, and other products and services. Its Government segment offers Medicare Advantage plans to seniors in 16 states and the District of Columbia, Medicare Part D plans in 50 states and the District of Columbia, and Medicaid plans.
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