🎰 Eldorado Resorts Reports First Quarter Results | Business Wire

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Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-six properties in twelve states, including Colorado, Florida, Illinois.


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Eldorado Resorts, Inc. operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino.


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Why Eldorado Resorts Stock Leaped 65% in May. Shares of the casino operator were rocking and rolling in May. Here's why investors were so.


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Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado.


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Why Eldorado Resorts Stock Leaped 65% in May. Shares of the casino operator were rocking and rolling in May. Here's why investors were so.


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Eldorado Resorts Inc. owns and operates as a chain of resorts. The Company offers casino, poker, roulette, and other games, as well as provides food and.


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The Reno-based company said it will reopen Eldorado Resort Casino, Silver Legacy Resort Casino and Circus Circus Hotel Casino in Reno.


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Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) today reported operating results for the first quarter ended March.


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Eldorado Resorts is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates 23 properties across 11 U.S.​.


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Why Eldorado Resorts Stock Leaped 65% in May. Shares of the casino operator were rocking and rolling in May. Here's why investors were so.


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eldorado resorts

Figures are for Presque for the period beginning January 1, and ending January 11, , Nemacolin for the period beginning January 1, and ending March 8, and Mountaineer, Cape Girardeau and Caruthersville for the three months ended March 31, Other for the three months ended March 31, is comprised of severance expense, gain loss related to divestitures, gain loss on the sale of disposal of property and equipment, equity in income loss of an unconsolidated affiliate, impairment charges, and selling costs associated with the divestiture of Presque and Nemacolin. We were encouraged by the strength of the consumer and the pace of revenue growth for this two-month period. Net Loss Income. Total Excluding Divestitures 4.{/INSERTKEYS}{/PARAGRAPH} Joseph N. Eldorado will host a conference call at PM ET today. Loss income before income taxes. Corporate and Other. Total other expense. Impairment charges. Total Divestitures 3. Gain on sale or disposal of property and equipment. Weighted average diluted shares outstanding. Transaction Expenses 1. Basic EPS. Three Months Ended March 31, Operating Income Loss. Weighted average basic shares outstanding. Three Months Ended. Unrealized loss on investments and marketable securities. Figures are for Presque for the period beginning January 1, and ending January 11, , Nemacolin for the period beginning January 1, and ending March 8, , and Mountaineer, Cape Girardeau and Caruthersville for the three months ended March 31, Total figures for the three months ended March 31, exclude the results of operations for Presque for the period beginning January 1, and ending January 11, , Nemacolin for the period beginning January 1, and ending March 8, and Mountaineer, Cape Girardeau and Caruthersville for the three months ended March 31, Such presentation does not conform to GAAP or the Securities and Exchange Commission rules for pro forma presentation; however, we believe that the additional financial information will be helpful to investors in comparing current results with results of prior periods. Total Net Revenue. These forward-looking statements speak only as of the date of this press release, even if subsequently made available on our website or otherwise, and we do not intend to update publicly any forward-looking statement to reflect events or circumstances that occur after the date on which the statement is made, except as may be required by law. Uses of cash flows that are not reflected in Adjusted EBITDA include capital expenditures, interest payments, income taxes, debt principal repayments, payments under our Master Lease and certain regulatory gaming assessments, which can be significant. For more information, please visit www. {PARAGRAPH}{INSERTKEYS}RENO, Nev. Including Divestitures:. Transaction expenses. Senior management will discuss the financial results and host a question and answer session. Log In Sign Up. Diluted EPS. Results for Presque Isle Downs and Nemacolin are excluded from results of operations for the first quarter of Results for Mountaineer, Cape Girardeau and Caruthersville have also been excluded from results of operations for the first quarter of as they were divested to Century Casinos in December This presentation is intended to provide insights on same-store results and does not conform to GAAP or the Securities and Exchange Commission rules for pro forma presentation; however, we believe that this additional financial information will be helpful to investors in comparing current results with results of prior periods. Excluding Divestitures:. In light of these and other risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur. Benefit provision for income taxes. Net loss income per share of common stock:. For the first two months of , revenues were up 6. Depreciation and Amortization. Total Operating Income. Marketing and promotions. Operating loss income. However, the strength in January and February was offset by COVID related weakness due to the mandated closure of all our properties by March 18, Our full-time team members received four weeks of pay after operations were suspended and we will continue to pay team member health care benefits through June 30, Compensation for the executive team has been reduced as well. March 31,. Total operating expenses. Depreciation and amortization. There is no assurance that the proposed transactions will be consummated and there are a number of risks and uncertainties that could cause our actual results to differ materially from those expressed in the forward-looking statements made herein. The dial-in number for the audio conference call is , conference ID domestic and international callers. Net loss income. Operating Income. Food and beverage. Adjusted EBITDA represents operating income loss before depreciation and amortization, stock-based compensation, impairment charges, transaction expenses, severance expense, selling costs associated with the divestitures of properties, equity in income loss of unconsolidated affiliates, gain loss on the sale or disposal of property and equipment, and gain loss related to divestitures. Loss income from unconsolidated affiliates. Our teams also remain focused on the integration process and we remain excited about the long-term opportunity to create value for stakeholders of both companies. Loss on extinguishment of debt. Transaction expenses primarily represent costs related to the pending acquisition of Caesars for the three months ended March 31, , and costs related to the acquisitions of Elgin and Tropicana for the three months ended March 31, Other, for the three months ended March 31, , is comprised of severance expense, gain loss on the sale or disposal of property and equipment, equity in income loss of unconsolidated affiliate, impairment charges, and selling costs associated with the pending divestitures of Kansas City, Vicksburg, Shreveport, and MontBleu. This is non-GAAP data and should not be considered a substitute for data prepared in accordance with GAAP, but should be viewed in addition to the results of operations reported by the Company. Although our expectations, beliefs and projections are expressed in good faith and with what we believe is a reasonable basis, there can be no assurance that these expectations, beliefs and projections will be realized. Other 2. Casino and pari-mutuel commissions. Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. Other 5. Net revenue for the West Region properties for the quarter ended March 31, declined Net revenue for the Midwest Region properties for the quarter ended March 31, decreased Net revenue for the South Region properties for the quarter ended March 31, declined approximately Net revenue for the East Region properties for the quarter ended March 31, declined approximately Net revenue for the Central Region for the quarter ended March 31, decreased approximately Management has historically used Adjusted EBITDA when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide a full understanding of our core operating results and as a means to evaluate period-to-period results. Interest expense, net. General and administrative. Net revenues. Stock-Based Compensation.