Eldorado Resorts, Inc. (NASDAQ:ERI) Files An 8-K Regulation FD Disclosure
Item 7.01
|
Regulation FD Disclosure. |
On May 1, 2017, Eldorado Resorts, Inc. (ERI or the Company)
consummated its acquisition of Isle of Capri Casinos, Inc., a
Delaware corporation (Isle) to the Agreement and Plan of Merger
(the Merger Agreement) dated as of September 19, 2016 with Isle,
Eagle I Acquisition Corp., a Delaware corporation and a direct
wholly-owned subsidiary of ERI, and Eagle II Acquisition Company
LLC, a Delaware limited liability company and a direct
wholly-owned subsidiary of ERI (the Isle Acquisition). As a
result of the Isle Acquisition, Isle became a wholly-owned
subsidiary of ERI.
ERI reports its financial results on a calendar fiscal year.
Prior to the Isle Acquisition, Isles fiscal year typically ended
on the last Sunday in April. Isles fiscal 2017 and 2016 were
52-week years, which commenced on April 25, 2016 and April 27,
2015, respectively.
The following table sets forth Isles unaudited consolidated
historical net revenues and Adjusted EBITDA (defined below) as
previously reported for the fiscal quarters ended January 24,
April 24, July 24 and October 23, 2016 and January 22, 2017. The
table below also sets forth Isles unaudited consolidated
historical net revenues and Adjusted EBITDA for the calendar
quarters ended March 31, June 30, September 30 and December 31,
2016 and March 31, 2017. Such information was prepared by the
Company to reflect Isles unaudited consolidated historical net
revenues and Adjusted EBITDA for periods corresponding to ERIs
fiscal quarterly calendar. Such figures are based on unaudited
internal financial statements and have not been reviewed by the
Companys auditors. Such presentation does not conform with GAAP
or the Securities and Exchange Commission rules for proforma
presentation; however, we believe that the additional financial
information will be helpful to users in comparing current results
with results of prior periods. This non-GAAP data should not be
considered as a substitute for data prepared in accordance with
GAAP, but should be viewed in addition to the results of
operations reported by Isle and the Company.
The following table summarizes net revenues for the periods
presented (unaudited, in thousands):
|
Net Revenues, Fiscal Quarter Ended |
Net Revenues, Calendar Quarter Ended |
||||||||||||||||||||||||||||||||||
|
January 24, 2016 |
April 24, 2016 |
July 24, 2016 |
October 23, 2016 |
January 22, 2017 |
March 31, 2016 |
June 30, 2016 |
September 30, 2016 |
December 31, 2016 |
March 31, 2017 |
||||||||||||||||||||||||||
|
West Region: |
|||||||||||||||||||||||||||||||||||
|
Black Hawk |
$ |
29,138 |
$ |
32,423 |
$ |
32,381 |
$ |
31,695 |
$ |
28,953 |
$ |
32,029 |
$ |
31,730 |
$ |
33,324 |
$ |
29,440 |
$ |
32,413 |
|||||||||||||||
|
Midwest Region: |
|||||||||||||||||||||||||||||||||||
|
Bettendorf |
16,812 |
18,482 |
19,176 |
20,993 |
18,079 |
17,767 |
17,627 |
22,361 |
19,053 |
19,580 |
|||||||||||||||||||||||||
|
Waterloo |
21,313 |
23,827 |
21,818 |
20,969 |
20,328 |
22,934 |
22,271 |
21,625 |
20,630 |
22,527 |
|||||||||||||||||||||||||
|
Boonville |
18,438 |
20,646 |
19,680 |
19,377 |
17,638 |
19,821 |
19,691 |
20,206 |
18,357 |
19,464 |
|||||||||||||||||||||||||
|
Cape Girardeau |
14,614 |
17,030 |
15,488 |
15,318 |
15,066 |
16,174 |
15,559 |
16,307 |
15,043 |
16,351 |
|||||||||||||||||||||||||
|
Caruthersville |
7,952 |
9,709 |
8,821 |
8,237 |
8,053 |
9,093 |
8,896 |
8,675 |
8,269 |
9,004 |
|||||||||||||||||||||||||
|
Kansas City |
17,204 |
20,033 |
17,678 |
16,982 |
17,056 |
19,113 |
18,203 |
17,120 |
17,406 |
19,032 |
|||||||||||||||||||||||||
|
South Region: |
|||||||||||||||||||||||||||||||||||
|
Pompano Park |
44,108 |
51,802 |
40,588 |
37,473 |
42,878 |
52,116 |
42,634 |
39,030 |
40,443 |
50,030 |
|||||||||||||||||||||||||
|
Lula |
11,688 |
14,210 |
12,021 |
10,975 |
10,839 |
13,559 |
12,146 |
11,550 |
11,330 |
12,115 |
|||||||||||||||||||||||||
|
Vicksburg |
7,448 |
9,258 |
8,262 |
7,458 |
7,142 |
8,724 |
8,452 |
7,801 |
7,420 |
8,598 |
|||||||||||||||||||||||||
|
East Region: |
|||||||||||||||||||||||||||||||||||
|
Nemacolin |
7,788 |
9,090 |
9,730 |
9,027 |
7,629 |
8,349 |
9,375 |
9,750 |
7,819 |
8,727 |
|||||||||||||||||||||||||
|
Property Net Revenues Before Other |
196,503 |
226,510 |
205,643 |
198,504 |
193,661 |
219,679 |
206,584 |
207,749 |
195,210 |
217,841 |
|||||||||||||||||||||||||
|
Corporate and Other |
|||||||||||||||||||||||||||||||||||
|
Total Net Revenues |
$ |
196,524 |
$ |
226,530 |
$ |
205,646 |
$ |
198,562 |
$ |
193,817 |
$ |
219,689 |
$ |
206,604 |
$ |
207,774 |
$ |
195,303 |
$ |
218,022 |
|||||||||||||||
The following table summarizes Adjusted EBITDA for the periods
presented (unaudited, in thousands):
|
Adjusted EBITDA, Fiscal Quarter Ended |
Adjusted EBITDA, Calendar Quarter Ended |
||||||||||||||||||||||||||||||||||
|
January 24, 2016 |
April 24, 2016 |
July 24, 2016 |
October 23, 2016 |
January 22, 2017 |
March 31, 2016 |
June 30, 2016 |
September 30, 2016 |
December 31, 2016 |
March 31, 2017 |
||||||||||||||||||||||||||
|
West Region: |
|||||||||||||||||||||||||||||||||||
|
Black Hawk |
$ |
6,742 |
$ |
9,215 |
$ |
8,629 |
$ |
8,974 |
$ |
7,618 |
$ |
9,130 |
$ |
8,297 |
$ |
9,402 |
$ |
7,792 |
$ |
9,591 |
|||||||||||||||
|
Midwest Region: |
|||||||||||||||||||||||||||||||||||
|
Bettendorf |
4,090 |
5,083 |
4,915 |
6,087 |
4,473 |
4,989 |
4,352 |
6,677 |
4,892 |
5,179 |
|||||||||||||||||||||||||
|
Waterloo |
6,546 |
8,180 |
7,135 |
6,846 |
6,827 |
7,296 |
7,428 |
7,085 |
6,734 |
8,412 |
|||||||||||||||||||||||||
|
Boonville |
6,629 |
8,077 |
7,465 |
7,097 |
6,364 |
7,564 |
7,463 |
7,442 |
6,618 |
7,724 |
|||||||||||||||||||||||||
|
Cape Girardeau |
3,476 |
4,891 |
3,552 |
3,623 |
3,681 |
4,462 |
3,806 |
3,889 |
3,513 |
4,807 |
|||||||||||||||||||||||||
|
Caruthersville |
1,998 |
3,194 |
2,362 |
2,125 |
2,187 |
2,847 |
2,445 |
2,278 |
2,193 |
2,833 |
|||||||||||||||||||||||||
|
Kansas City |
4,036 |
5,840 |
4,385 |
4,219 |
3,946 |
5,254 |
4,730 |
4,312 |
4,635 |
5,215 |
|||||||||||||||||||||||||
|
South Region: |
|||||||||||||||||||||||||||||||||||
|
Pompano Park |
9,636 |
13,806 |
7,901 |
6,623 |
9,377 |
13,732 |
8,988 |
7,383 |
7,551 |
13,349 |
|||||||||||||||||||||||||
|
Lula |
2,158 |
4,171 |
2,770 |
2,232 |
2,255 |
3,648 |
2,854 |
2,461 |
2,423 |
3,269 |
|||||||||||||||||||||||||
|
Vicksburg |
1,804 |
3,113 |
2,272 |
1,750 |
1,944 |
2,760 |
2,501 |
1,824 |
2,155 |
2,875 |
|||||||||||||||||||||||||
|
East Region: |
|||||||||||||||||||||||||||||||||||
|
Nemacolin |
(477 |
) |
(86 |
) |
(126 |
) |
(94 |
) |
(672 |
) |
(252 |
) |
(124 |
) |
(223 |
) |
(523 |
) |
(162 |
) |
|||||||||||||||
|
Corporate and Other |
(5,451 |
) |
(6,354 |
) |
(5,968 |
) |
(6,594 |
) |
(4,532 |
) |
(5,373 |
) |
(6,623 |
) |
(5,788 |
) |
(5,718 |
) |
(4,267 |
) |
|||||||||||||||
|
Total Adjusted EBITDA |
$ |
41,187 |
$ |
59,130 |
$ |
45,292 |
$ |
42,888 |
$ |
43,468 |
$ |
56,057 |
$ |
46,117 |
$ |
46,742 |
$ |
42,265 |
$ |
58,825 |
|||||||||||||||
Adjusted EBITDA, 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 Companys ongoing
operating results. Adjusted EBITDA represents operating income
(loss) from continuing operations before depreciation and
amortization, stock based compensation, certain preopening and
severance expenses, gain on sale of assets and valuation charges
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,
operating 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.
The following tables summarize Adjusted EBITDA for the periods
presented, in addition to reconciling Adjusted EBITDA to
operating income (loss) (unaudited, in thousands):
|
Three Months Ended January 24, 2016 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
4,540 |
$ |
2,188 |
$ |
$ |
$ |
6,742 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
1,180 |
2,902 |
4,090 |
||||||||||||||
|
Waterloo |
5,223 |
1,317 |
6,546 |
||||||||||||||
|
Boonville |
5,347 |
1,269 |
6,629 |
||||||||||||||
|
Cape Girardeau |
2,527 |
3,476 |
|||||||||||||||
|
Caruthersville |
1,378 |
1,998 |
|||||||||||||||
|
Kansas City |
3,069 |
4,036 |
|||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
7,837 |
1,785 |
9,636 |
||||||||||||||
|
Lula |
1,331 |
2,158 |
|||||||||||||||
|
Vicksburg |
1,804 |
||||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(1,551 |
) |
1,074 |
(477 |
) |
||||||||||||
|
Total Operating Properties |
29,684 |
16,871 |
46,638 |
||||||||||||||
|
Corporate and Other |
(6,567 |
) |
(5,451 |
) |
|||||||||||||
|
Total |
$ |
23,117 |
$ |
17,318 |
$ |
$ |
$ |
41,187 |
|||||||||
|
Three Months Ended March 31, 2016 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
6,946 |
$ |
2,170 |
$ |
$ |
$ |
9,130 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
1,751 |
3,082 |
4,989 |
||||||||||||||
|
Waterloo |
6,078 |
1,212 |
7,296 |
||||||||||||||
|
Boonville |
6,179 |
1,372 |
7,564 |
||||||||||||||
|
Cape Girardeau |
1,915 |
2,541 |
4,462 |
||||||||||||||
|
Caruthersville |
2,229 |
2,847 |
|||||||||||||||
|
Kansas City |
4,328 |
5,254 |
|||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
11,884 |
1,834 |
13,732 |
||||||||||||||
|
Lula |
2,315 |
1,329 |
3,648 |
||||||||||||||
|
Vicksburg |
1,849 |
2,760 |
|||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(1,328 |
) |
1,076 |
(252 |
) |
||||||||||||
|
Total Operating Properties |
44,146 |
17,054 |
61,430 |
||||||||||||||
|
Corporate and Other |
(7,056 |
) |
(5,373 |
) |
|||||||||||||
|
Total |
$ |
37,090 |
$ |
17,506 |
$ |
$ |
$ |
56,057 |
|||||||||
|
Three Months Ended April 24, 2016 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
7,049 |
$ |
2,152 |
$ |
$ |
$ |
9,215 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
1,859 |
3,064 |
5,083 |
||||||||||||||
|
Waterloo |
7,013 |
1,160 |
8,180 |
||||||||||||||
|
Boonville |
6,836 |
1,228 |
8,077 |
||||||||||||||
|
Cape Girardeau |
2,339 |
2,547 |
4,891 |
||||||||||||||
|
Caruthersville |
2,576 |
3,194 |
|||||||||||||||
|
Kansas City |
4,890 |
5,840 |
|||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
11,961 |
1,832 |
13,806 |
||||||||||||||
|
Lula |
2,788 |
1,379 |
4,171 |
||||||||||||||
|
Vicksburg |
2,202 |
3,113 |
|||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(1,166 |
) |
1,080 |
(86 |
) |
||||||||||||
|
Total Operating Properties |
48,347 |
16,903 |
65,484 |
||||||||||||||
|
Corporate and Other |
(8,684 |
) |
1,153 |
(6,354 |
) |
||||||||||||
|
Total |
$ |
39,663 |
$ |
17,310 |
$ |
1,234 |
$ |
$ |
59,130 |
||||||||
|
Three Months Ended June 30, 2016 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
6,163 |
$ |
2,122 |
$ |
$ |
$ |
8,297 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
1,184 |
2,604 |
4,352 |
||||||||||||||
|
Waterloo |
6,215 |
1,206 |
7,428 |
||||||||||||||
|
Boonville |
6,222 |
1,230 |
7,463 |
||||||||||||||
|
Cape Girardeau |
1,243 |
2,556 |
3,806 |
||||||||||||||
|
Caruthersville |
1,775 |
2,445 |
|||||||||||||||
|
Kansas City |
3,748 |
4,730 |
|||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
7,173 |
1,803 |
8,988 |
||||||||||||||
|
Lula |
1,366 |
1,483 |
2,854 |
||||||||||||||
|
Vicksburg |
1,592 |
2,501 |
|||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(1,215 |
) |
1,091 |
(124 |
) |
||||||||||||
|
Total Operating Properties |
35,466 |
16,637 |
52,740 |
||||||||||||||
|
Corporate and Other |
(8,464 |
) |
1,307 |
(6,623 |
) |
||||||||||||
|
Total |
$ |
27,002 |
$ |
16,981 |
$ |
1,388 |
$ |
$ |
46,117 |
||||||||
|
Three Months Ended July 24, 2016 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
6,509 |
$ |
2,110 |
$ |
$ |
$ |
8,629 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
1,613 |
2,696 |
4,915 |
||||||||||||||
|
Waterloo |
5,903 |
1,224 |
7,135 |
||||||||||||||
|
Boonville |
6,210 |
1,246 |
7,465 |
||||||||||||||
|
Cape Girardeau |
2,564 |
3,552 |
|||||||||||||||
|
Caruthersville |
1,672 |
2,362 |
|||||||||||||||
|
Kansas City |
3,216 |
1,161 |
4,385 |
||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
6,079 |
1,812 |
7,901 |
||||||||||||||
|
Lula |
1,254 |
1,510 |
2,770 |
||||||||||||||
|
Vicksburg |
1,365 |
2,272 |
|||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(1,085 |
) |
(126 |
) |
|||||||||||||
|
Total Operating Properties |
33,717 |
16,868 |
51,260 |
||||||||||||||
|
Corporate and Other |
(7,538 |
) |
1,231 |
(5,968 |
) |
||||||||||||
|
Total |
$ |
26,179 |
$ |
17,207 |
$ |
1,309 |
$ |
$ |
45,292 |
||||||||
|
Three Months Ended September 30, 2016 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
7,160 |
$ |
2,236 |
$ |
$ |
$ |
9,402 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
4,437 |
3,184 |
(952 |
) |
6,677 |
||||||||||||
|
Waterloo |
5,852 |
1,225 |
7,085 |
||||||||||||||
|
Boonville |
6,200 |
1,236 |
7,442 |
||||||||||||||
|
Cape Girardeau |
1,305 |
2,576 |
3,889 |
||||||||||||||
|
Caruthersville |
1,641 |
2,278 |
|||||||||||||||
|
Kansas City |
3,101 |
1,203 |
4,312 |
||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
5,561 |
1,816 |
7,383 |
||||||||||||||
|
Lula |
1,552 |
2,461 |
|||||||||||||||
|
Vicksburg |
1,824 |
||||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(917 |
) |
(223 |
) |
|||||||||||||
|
Total Operating Properties |
36,157 |
17,257 |
(952 |
) |
52,530 |
||||||||||||
|
Corporate and Other |
(8,115 |
) |
1,200 |
(5,788 |
) |
||||||||||||
|
Total |
$ |
28,042 |
$ |
17,579 |
$ |
1,268 |
$ |
(147 |
) |
$ |
46,742 |
||||||
|
Three Months Ended October 23, 2016 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
6,586 |
$ |
2,382 |
$ |
$ |
$ |
8,974 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
3,893 |
3,184 |
(997 |
) |
6,087 |
||||||||||||
|
Waterloo |
5,604 |
1,235 |
6,846 |
||||||||||||||
|
Boonville |
5,880 |
1,211 |
7,097 |
||||||||||||||
|
Cape Girardeau |
1,040 |
2,576 |
3,623 |
||||||||||||||
|
Caruthersville |
1,506 |
2,125 |
|||||||||||||||
|
Kansas City |
3,177 |
1,035 |
4,219 |
||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
4,815 |
1,802 |
6,623 |
||||||||||||||
|
Lula |
1,546 |
2,232 |
|||||||||||||||
|
Vicksburg |
1,750 |
||||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(790 |
) |
(94 |
) |
|||||||||||||
|
Total Operating Properties |
33,234 |
17,183 |
(997 |
) |
49,482 |
||||||||||||
|
Corporate and Other |
(11,901 |
) |
1,625 |
3,413 |
(6,594 |
) |
|||||||||||
|
Total |
$ |
21,333 |
$ |
17,452 |
$ |
1,687 |
$ |
2,416 |
$ |
42,888 |
|||||||
|
Three Months Ended December 31, 2016 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
5,413 |
$ |
2,373 |
$ |
$ |
$ |
7,792 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
1,716 |
3,168 |
4,892 |
||||||||||||||
|
Waterloo |
5,501 |
1,226 |
6,734 |
||||||||||||||
|
Boonville |
5,440 |
1,172 |
6,618 |
||||||||||||||
|
Cape Girardeau |
2,586 |
3,513 |
|||||||||||||||
|
Caruthersville |
1,565 |
2,193 |
|||||||||||||||
|
Kansas City |
3,720 |
4,635 |
|||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
5,753 |
1,792 |
7,551 |
||||||||||||||
|
Lula |
1,523 |
2,423 |
|||||||||||||||
|
Vicksburg |
1,261 |
2,155 |
|||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(1,227 |
) |
(523 |
) |
|||||||||||||
|
Total Operating Properties |
30,956 |
16,965 |
47,983 |
||||||||||||||
|
Corporate and Other |
(10,578 |
) |
1,612 |
3,047 |
(5,718 |
) |
|||||||||||
|
Total |
$ |
20,378 |
$ |
17,166 |
$ |
1,674 |
$ |
3,047 |
$ |
42,265 |
|||||||
|
Three Months Ended January 22, 2017 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
5,296 |
$ |
2,317 |
$ |
$ |
$ |
7,618 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
1,290 |
3,175 |
4,473 |
||||||||||||||
|
Waterloo |
5,606 |
1,214 |
6,827 |
||||||||||||||
|
Boonville |
5,200 |
1,158 |
6,364 |
||||||||||||||
|
Cape Girardeau |
1,068 |
2,605 |
3,681 |
||||||||||||||
|
Caruthersville |
1,558 |
2,187 |
|||||||||||||||
|
Kansas City |
2,920 |
1,019 |
3,946 |
||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
7,583 |
1,789 |
9,377 |
||||||||||||||
|
Lula |
1,519 |
2,255 |
|||||||||||||||
|
Vicksburg |
1,051 |
1,944 |
|||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(1,381 |
) |
(672 |
) |
|||||||||||||
|
Total Operating Properties |
30,920 |
17,018 |
48,000 |
||||||||||||||
|
Corporate and Other |
(6,698 |
) |
1,170 |
(4,532 |
) |
||||||||||||
|
Total |
$ |
24,222 |
$ |
17,281 |
$ |
1,232 |
$ |
$ |
43,468 |
||||||||
|
Three Months Ended March 31, 2017 |
|||||||||||||||||
|
Operating Income (Loss) |
Depreciation and Amortization |
Stock-Based Compensation |
Preopening, Severance and Other |
Adjusted EBITDA |
|||||||||||||
|
West Region: |
|||||||||||||||||
|
Black Hawk |
$ |
6,816 |
$ |
2,769 |
$ |
$ |
$ |
9,591 |
|||||||||
|
Midwest Region: |
|||||||||||||||||
|
Bettendorf |
1,918 |
3,253 |
5,179 |
||||||||||||||
|
Waterloo |
7,193 |
1,212 |
8,412 |
||||||||||||||
|
Boonville |
6,491 |
1,227 |
7,724 |
||||||||||||||
|
Cape Girardeau |
2,180 |
2,620 |
4,807 |
||||||||||||||
|
Caruthersville |
2,200 |
2,833 |
|||||||||||||||
|
Kansas City |
4,200 |
1,008 |
5,215 |
||||||||||||||
|
South Region: |
|||||||||||||||||
|
Pompano Park |
11,523 |
1,820 |
13,349 |
||||||||||||||
|
Lula |
1,753 |
1,510 |
3,269 |
||||||||||||||
|
Vicksburg |
1,946 |
2,875 |
|||||||||||||||
|
East Region: |
|||||||||||||||||
|
Nemacolin |
(875 |
) |
(162 |
) |
|||||||||||||
|
Total Operating Properties |
45,345 |
17,685 |
63,092 |
||||||||||||||
|
Corporate and Other |
(6,261 |
) |
1,170 |
(4,267 |
) |
||||||||||||
|
Total |
$ |
39,084 |
$ |
17,960 |
$ |
1,232 |
$ |
$ |
58,825 |
||||||||
The information in this Item 7.01 is being furnished, not filed
to Regulation FD. Accordingly, the information in this Item 7.01
will not be incorporated by reference into any registration
statement (filed by the Company under the Security Act of 1933,
as amended, unless specifically identified therein as being
incorporated therein by reference. The furnishing of this
information is not intended to, and does not, constitute a
determination of admission by the Company that this information
is material or complete, or that investors should consider this
information before making an investment decision with respect to
any security of the Company.
About Eldorado Resorts, Inc. (NASDAQ:ERI)
Eldorado Resorts, Inc. (ERI) is a gaming and hospitality company. The Company owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments include Nevada, Louisiana and Eastern. The Company owns and operates various properties, such as Eldorado Resort Casino Reno, which is a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, which is a 1,711-room themed hotel and casino; Circus Circus Reno, which is a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, which is a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, which is a 354-room resort with a casino and live thoroughbred horse racing; Presque Isle Downs & Casino, which is a casino and live thoroughbred horse racing facility with slot machines, table games and poker located in Erie, Pennsylvania, and Eldorado Gaming Scioto Downs. Eldorado Resorts, Inc. (NASDAQ:ERI) Recent Trading Information
Eldorado Resorts, Inc. (NASDAQ:ERI) closed its last trading session up +0.05 at 20.55 with 950,605 shares trading hands.
