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Event Codes
Grant
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Yield to order
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Endorse
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Wiki	Wiki Summary
Arithmetic	Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today.
Operation Mincemeat	Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin.
Bitwise operation	In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor.
Emergency operations center	An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands.
Surgery	Surgery is a medical or dental specialty that uses operative manual and instrumental techniques on a person to investigate or treat a pathological condition such as a disease or injury, to help improve bodily function, appearance, or to repair unwanted ruptured areas.\nThe act of performing surgery may be called a surgical procedure, operation, or simply "surgery".
Operation (mathematics)	In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation.
Competition	Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc.
Financial condition report	In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in an FCR involves dynamic solvency testing, a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters.
Balance sheet	In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
Financial ratio	A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization.
Financial law	Financial law is the law and regulation of the insurance, derivatives, commercial banking, capital markets and investment management sectors. Understanding Financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.
Financial analysis	Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports.
Form 10-K	A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders," which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document).
Video game industry	The video game industry is the industry involved in the development, marketing, and monetization of video games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide.The video game industry has grown from focused markets to mainstream in the recent years.
Video game	A video game or computer game is an electronic game that involves interaction with a user interface or input device – such as a joystick, controller, keyboard, or motion sensing device – to generate visual feedback. This feedback mostly commonly is shown on a video display device, such as a TV set, monitor, touchscreen, or virtual reality headset.
SWOT analysis	Spot analysis, spot test analysis, or spot test is a chemical test, a simple and efficient technique where analytic assays are executed in only one, or a few drops, of a chemical solution, preferably in a great piece of filter paper, without using any sophisticated instrumentation. The development and popularization of the test is credited to Fritz Feigl.A spot test or spot assay can also refer to a test often used in microbiology.
Native Americans in the United States	Native Americans, also known as First Americans, Indigenous Americans and at one time American Indians, other terms, are the Indigenous people of the United States, including Hawaii and territories of the United States, and other times limited to the mainland. There are 574 federally recognized tribes living within the US, about half of which are associated with Indian reservations.
Adverse possession	Adverse possession, sometimes colloquially described as "squatter's rights", is a legal principle in the Anglo-American common law under which a person who does not have legal title to a piece of property—usually land (real property)—may acquire legal ownership based on continuous possession or occupation of the property without the permission (licence) of its legal owner. The possession by a person is not adverse if they are in possession as a tenant or licensee of the legal owner.
Indigenous peoples of the Americas	The Indigenous peoples of the Americas are the inhabitants of the Americas before the arrival of the European settlers in the 15th century, and the ethnic groups who now identify themselves with those peoples.\nMany Indigenous peoples of the Americas were traditionally hunter-gatherers and many, especially in the Amazon basin, still are, but many groups practiced aquaculture and agriculture.
Native American Church	The Native American Church (NAC), also known as Peyotism and Peyote Religion, is a Native American religion that teaches a combination of traditional Native American beliefs and Christianity, with sacramental use of the entheogen peyote. The religion originated in the Oklahoma Territory (1890–1907) in the late nineteenth century, after peyote was introduced to the southern Great Plains from Mexico.
List of Native American deities	List of Native American deities, sortable by name of tribe or name of deity.\n\n\n== North American deities ==\n\n\n== South American deities ==\n\n\n== See also ==\nMythologies of the indigenous peoples of the Americas\n\n\n== References ==\n\n.
Native American name controversy	The Native American name controversy is an ongoing discussion about the changing terminology used by the Indigenous peoples of the Americas to describe themselves, as well as how they prefer to be referred to by others. Preferred terms vary primarily by region and age.
Adverse	Adverse or adverse interest, in law, is anything that functions contrary to a party's interest. This word should not be confused with averse.
Adverse effect	An adverse effect is an undesired harmful effect resulting from a medication or other intervention, such as surgery. An adverse effect may be termed a "side effect", when judged to be secondary to a main or therapeutic effect.
Adverse food reaction	An adverse food reaction is an adverse response by the body to food or a specific type of food.The most common adverse reaction is a food allergy, which is an adverse immune response to either a specific type or a range of food proteins.\nHowever, other adverse responses to food are not allergies.
Adverse party	An adverse party is an opposing party in a lawsuit under an adversary system of law. In general, an adverse party is a party against whom judgment is sought or "a party interested in sustaining a judgment or decree." For example, the adverse party for a defendant is the plaintiff.
Hostile witness	A hostile witness, also known as an adverse witness or an unfavorable witness, is a witness at trial whose testimony on direct examination is either openly antagonistic or appears to be contrary to the legal position of the party who called the witness. This concept is used in the legal proceedings in the United States, and analogues of it exist in other legal systems in Western countries.
List of proposed state mergers	This is a list of proposed state mergers, including both current and historical proposals originating from sovereign states or organizations. The entities listed below differ from separatist movements in that they would form as a merger or union of two or more existing states, territories, colonies or other regions, becoming either a federation, confederation or other type of unified sovereign state.
Acquisition of 21st Century Fox by Disney	The acquisition of 21st Century Fox by Disney was announced on December 14, 2017, and was completed on March 20, 2019. Among other key assets, the acquisition of 21st Century Fox by Disney included the 20th Century Fox film and television studios, U.S. cable/satellite channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu.
Willis Towers Watson	Willis Towers Watson Public Limited Company is a British-American multinational risk management, insurance brokerage and advisory company. The firm has roots dating from 1828 and is the third largest insurance broker in the world.
American Airlines Group	American Airlines Group Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas.
London Stock Exchange	London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. As of November 2021, the total market value of all companies trading on LSE was £3.9 trillion.
Sirius XM	Sirius XM Holdings Inc. is an American broadcasting company headquartered in Midtown Manhattan, New York City that provides satellite radio and online radio services operating in the United States.
United Coconut Planters Bank	The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-controlled and was one of the largest banks in the Philippines, ranking within the top twenty banks in the country in terms of assets. It is the only existing universal bank not listed on the Philippine Stock Exchange.
Delta Air Lines–Northwest Airlines merger	On April 15, 2008, Delta Air Lines and Northwest Airlines announced a merger agreement. The merger of the two carriers formed what was then the largest commercial airline in the world, with 786 aircraft.

Risk Factors
SANDS REGENT the factors listed in “ITEM 1A RISK FACTORS” as well as elsewhere in this report and in other SEC filings
These risk factors include, without limitation, the following items: • the effect of economic, credit and capital market conditions on the economy in general, and on gaming and hotel companies in particular; • our ability to timely and cost-effectively integrate into our operations the companies and assets that we acquire; • access to available and feasible financing; • changes in laws or regulations, third party relations and approvals, and decisions of courts, regulators and governmental bodies; including judicial actions and gaming legislative action, referenda and taxation; • abnormal gaming holds; and • the effects terrorist’s attacks or war may have on the gaming industry; • the uncertainty concerning the effects of our pending transaction with Herbst; and; • the effects of competition, including locations of competitors and operating and market competition; Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made
We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise
1 ______________________________________________________________________ [25]Table of Contents PART I ITEM 1A RISK FACTORS An investment in our common stock involves a high degree of risk
You should consider the risks described below and the other information contained in this report carefully before deciding to invest in the Company
If any of the following risks actually occur, our business, financial condition and operating results would be materially harmed
As a result, the trading price of our common stock could decline, and you could lose a part or all of your investment
Because of the following factors, as well as other variables affecting our operating results and financial condition, past performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results or trends in future periods
Our business may be adversely impacted if the Reno economy declines
We heavily market to and rely upon business from Reno area residents
In recent years, Reno has enjoyed robust business growth and has attracted a number of technology, product distribution and marketing companies
These businesses have created jobs and helped fuel residential development, including the Reno metropolitan area
Should there be negative changes in the business and job conditions in Reno, our local business, which is a substantial part of our overall business, could be adversely impacted
The gaming industry is highly competitive and increased competition could have a material adverse effect on our future operations
The gaming industry is highly competitive
As new casinos are developed in the Reno area and competitive pressures from California Native American casinos increase, other Reno area casinos may intensify their targeting of the Reno area resident market, which is one of our key markets
Increased competitive pressures in the local market could adversely impact our ability to continue to attract local residents to our facilities, or require us to use more expensive and therefore less profitable promotions to compete more efficiently
In addition, Native American gaming facilities in California and other jurisdictions in some instances operate under regulatory requirements less stringent than those imposed on Nevada licensed casinos, which could afford them a competitive advantage in our markets
Our business may be adversely impacted by expanded Native American gaming operations in California and the Pacific Northwest
Our largest sources of tourist customers are from California and the Pacific Northwest, including a large number who drive to Reno from the San Francisco and Sacramento metropolitan areas
The expansion of Native American casinos in California, Oregon, and Washington will be significant on the Reno-Tahoe market
For example, Thunder Valley Casino, a large new Native American casino opened June 9, 2003, 100 miles west of Reno in Rocklin, California
California’s well-documented budgetary problems have state officials renegotiating certain contracts with Native American casinos
Several contracts have already been changed to allow for additional slot machines
The effect of increased gaming in California and other states is difficult to predict
However, our business would be adversely impacted if Thunder Valley and other casinos attract patrons who would otherwise travel to ReNodtta In addition, a significant portion of our customer base is made up of Reno area residents
Several of the existing Reno area casinos are expanding and another competitor has announced plans to build a new casino and hotel in Reno as well
The impact of these expanding competitive operations could adversely impact our business and financial results in the future
In addition, if other Reno area casinos lose business due to competition from Native American casinos, they may intensify their marketing efforts to Reno area residents which could potentially materially and adversely impact our business and financial results
Adverse winter weather conditions in the Sierra Nevada Mountains and Reno-Lake Tahoe area could have a material adverse effect on our results of operations and financial condition
Adverse winter weather conditions, particularly snowfall, can deter our customers from traveling or make it difficult for them to frequent our facilities
Adverse winter weather would most significantly affect our drive-in 10 ______________________________________________________________________ [34]Table of Contents customers from northern California and the Pacific Northwest
If the Reno area itself were to experience prolonged adverse winter weather conditions, our results of operations and financial condition could also be materially adversely affected
There are material risks related to the potential delay or failure to consummate the proposed merger with Herbst
The proposed merger with Herbst may not be completed on the anticipated timetable and it is possible that the merger will not be completed at all
The delay or failure to consummate the proposed merger with Herbst could negatively impact our stock price and future business and operations
If the merger with Herbst is delayed or not consummated for any reason, we may be subject to a number of material risks, including the following: • if the merger agreement is terminated by Herbst under certain circumstances, and we enter into a change of control transaction subsequent to such termination, we may be required to pay to Herbst a termination fee of dlra4 million
This fee may deter other parties from offering to acquire us, which could interfere with the ability of our stockholders to receive a premium over the value of the merger consideration for their shares of our stock; • the price of our common stock may decline, as the current market price of our common stock may reflect an assumption that the proposed merger will be consummated; • we must pay certain expenses related to the proposed merger, including substantial financial advisory, legal, accounting and other merger-related fees even if the merger is not consummated, which could affect our results of operations and cash liquidity, and potentially our stock price; • significant management and other resources have been diverted to efforts to consummate the proposed merger and, if the merger is not consummated, such efforts will result in little or no benefit to us; • current and prospective employees may experience uncertainty about their future role with us, which may adversely affect our ability to attract and retain key management, research and development, sales, manufacturing and other personnel; • the announcement of the proposed merger may have an adverse effect on our revenues in the near-term and our market position if our customers, suppliers, marketing and collaboration partners and other third parties delay, defer or cancel purchases pending resolution of the proposed merger; and • if the merger agreement with Herbst is terminated and our board of directors decides to seek another merger or business combination, it may not be able to find a partner willing to pay an equivalent price to that which would have been obtained in the proposed merger with Herbst
Terrorist attacks may seriously harm our business
The terrorist attacks that took place in the United States on September 11, 2001 were unprecedented events that created economic and business uncertainties, especially for the travel and tourism industry
The potential for future terrorist attacks, the national and international responses, and other acts of war or hostility have created economic and political uncertainties that could materially adversely affect our business, results of operations, and financial condition in ways we currently cannot predict
If we lose our key personnel, our business could be materially adversely affected
We depend on the continued performance of our Chief Executive Officer and his management team
If we lose the services of our senior management personnel, and cannot replace such persons in a timely manner, our business could be materially adversely affected
11 ______________________________________________________________________ [35]Table of Contents Our business is subject to restrictions and limitations imposed by regulatory authorities that could adversely affect us
The ownership and operation of casino gaming facilities are subject to extensive state and local regulation
The State of Nevada and the applicable local authorities require various licenses, registrations, permits and approvals to be held by us
The Nevada Gaming Commission may, among other things, limit, condition, suspend, revoke or decline to renew a license for any cause deemed reasonable by such licensing authority
If we violate gaming laws or regulations, substantial fines could be levied against us and we could be forced to forfeit a portion of our assets
The suspension, revocation or non-renewal of any of our licenses or the levy on us of substantial fines or forfeiture of assets would have a material and adverse effect on our business, financial condition and results of operations
If the State of Nevada or local municipalities increase gaming taxes and fees, our results of operations could be adversely affected
State and local authorities raise a significant amount of revenue through taxes and fees on gaming activities
From time to time, legislators and officials have proposed changes in tax laws, or in the administration of such laws, affecting the gaming industry
In addition, worsening economic conditions could intensify the efforts of state and local governments to raise revenues through increases in gaming taxes
If the State of Nevada, the Cities of Reno or Sparks, or the Counties of Washoe or Lyon were to increase gaming taxes and fees, our results of operations could be adversely affected
Recently issued standards, rules and regulations of governing agencies and bodies could result in material increases in our corporate expense which could adversely affect our financial results
We keep abreast of new generally acceptable accounting principles and rules and regulations issued or adopted by the Financial Accounting Standards Board, the Securities and Exchange Commission, the NASDAQ and other standard setting agencies
These principles, rules and regulations often require us to expend funds in order to meet additional requirements
As a result, our expenses could materially increase, which could adversely affect our financial results
Recently issued accounting standards affecting our financial results are described in Note 1 to our consolidated financial statements
Our substantial indebtedness after recent acquisitions could adversely affect our operations and financial results
With our recent amended and restated credit agreement and the Company’s recent acquisitions, we now have a bank credit facility, which, if fully extended, amounts to dlra43dtta7 million
We expect to incur additional indebtedness as a result of our planned casino expansions and acquisitions and other projects, which could result in overall indebtedness of the Company in the next 12 months
The increased levels of debt could, among other things: • make it more difficult for us to satisfy our obligations under our current indebtedness; • require us to dedicate a substantial portion of our cash flow from operations to payments on our indebtedness, which would reduce the availability of our cash flows to fund working capital, capital expenditures, expansion efforts and other general corporate purposes: • increase our vulnerability to general adverse economic and industry conditions; • limit our flexibility in planning for, or reacting to, changes in our business and the industry in which we operate; • place us at a competitive disadvantage compared to our competitors that have less debt; and • limit, along with the financial and other restrictive covenants in our indebtedness, among other things, our ability to borrow additional funds
Failure to comply with these covenants could result in an event of default, which, if not cured or waived, could have a significant adverse effect on us
12 ______________________________________________________________________ [36]Table of Contents We may be unable to successfully integrate the operations of our recent and future acquisitions and/or experience significant charges to earnings as a result of the acquisition that may adversely affect our stock price and financial condition
We have experienced significant growth due to our recent acquisition of gaming facilities, which is a key strategy to our long term growth plans
The future success of the Company’s acquisitions will depend on a number of factors, including the successful integration of the newly acquired operations with existing operations
Potential difficulties of combining operations of acquirees with that of the Company include, among others: • retaining key employees; • consolidating administrative infrastructures; • coordinating sales and marketing functions; and • minimizing the diversion of management’s attention from ongoing business concerns
Even if the Company is able to integrate its acquisitions successfully, this integration may not result in the realization of the full benefits and growth opportunities that we expect or these benefits may not be achieved within the anticipated time frame
In addition, as a result of the recent acquisitions and proposed acquisition by Herbst, we have experienced, and will likely continue to experience, significant charges to earnings for merger and related expenses that may include transaction or closure costs
These costs may include substantial fees for investment bankers, attorneys, accountants and financial printing costs
Charges that we may incur in connection with acquisitions could adversely affect our results of operations
We have experienced material weaknesses in our internal controls
If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results and our management may not be able to provide its report on the effectiveness of our internal controls as required by the Sarbanes-Oxley Act of 2002
During fiscal year 2006, Management identified material weaknesses regarding our internal control over financial reporting
The Public Company Accounting Oversight Board’s Auditing Standard Nodtta 2 defines a material weakness as a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected
The efficiency of the steps we have taken to date and the steps we are still in the process of taking to improve the reliability of our financial statements is subject to continued management review supported by confirmation and testing by our internal auditors, as well as audit committee oversight
We cannot be certain that these measures will ensure that we implement and maintain adequate controls over our financial processes and reporting in the future
Any failure to implement required new or improved controls, or difficulties encountered in their implementation could harm our operating results or cause us to fail to meet our reporting obligations
In addition, we cannot assure you that we will not in the future identify further material weaknesses or significant deficiencies in our internal control over financial reporting that we have not discovered to date