Content analysis
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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H.S. sophomore Avg
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Financial report summary
?Risks
- Our business may be adversely affected by economic conditions, acts of terrorism, natural disasters, severe weather, contagious diseases and other factors affecting discretionary consumer spending, any of which could have a material adverse effect on our business.
- We face substantial competition in our business segments and may lose market share.
- The casino, hotel and hospitality industry is capital intensive and we may not be able to finance development, expansion and renovation projects, which could put us at a competitive disadvantage.
- Changes to gaming tax laws could increase our cost of doing business and have a material adverse effect on our financial condition.
- Our business is subject to extensive gaming regulation, which is costly to comply with, and gaming authorities have significant control over our operations.
- Any violation of applicable anti-money laundering laws or regulations or the Foreign Corrupt Practices Act could adversely affect our business, financial condition, results of operations and prospects.
- We are subject to numerous other federal, state and local laws that may expose us to liabilities or have a significant adverse impact on our operations. Changes to any such laws could have a material adverse effect on our operations and financial condition.
- Our insurance coverage may not be adequate to cover all possible losses that our business could suffer. In addition, our insurance costs may increase and we may not be able to obtain the same insurance coverage in the future.
- We may be subject to risks arising from climate-related matters.
- Increasing prices or shortages of energy and water may increase our cost of operations.
- Work stoppages, labor problems and unexpected shutdowns may limit our operational flexibility and negatively impact our future profits.
- Our reputation and business could be materially harmed as a result of data breaches, data theft, unauthorized access or cybersecurity incident.
- Our reputation and business could be negatively impacted as a result of environmental, social and governance matters.
- Our revenues may be negatively impacted by volatility in our hold percentage, and we also face the risk of fraud or cheating.
- Our business is geographically concentrated, which subjects us to greater risks from changes in local or regional conditions.
- We may experience seasonal fluctuations that could significantly impact our quarterly operating results.
- We may be subject to litigation which, even if without merit, can be expensive to defend and could expose us to significant liabilities, damage our reputation and result in substantial losses.
- We depend on a limited number of key employees who would be difficult to replace.
- From time to time we may make strategic acquisitions; any failure to successfully integrate our businesses and businesses we acquire could materially adversely affect our business, and we may not realize the full benefits of our strategic acquisitions.
- Our significant indebtedness could adversely affect our financial health and prevent us from fulfilling our obligations.
- We may incur additional indebtedness, which could further increase the risks associated with our leverage.
- Covenants in our debt instruments restrict our business and could limit our ability to implement our business plan.
- Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
- Our executive officers and directors own or control a large percentage of our common stock, which permits them to exercise significant control over us.
- Our shareholders are subject to extensive governmental regulation and, if a shareholder is found unsuitable by a gaming authority, that shareholder would not be able to beneficially own our common stock directly or indirectly. Our shareholders may also be required to provide information that is requested by gaming authorities and we have the right, under certain circumstances, to redeem a shareholder’s securities; we may be forced to use our cash or incur debt to fund redemption of our securities.
- Our stock price may continue to be volatile.
- Future sales of our common stock could lower our stock price and dilute existing shareholders.
- Provisions in our Articles of Incorporation and Bylaws or our debt facilities may discourage, delay or prevent a change in control or prevent an acquisition of our business at a premium price.