Pinnacle Entertainment (PNK) Tops Q2 EPS by 2c

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Pinnacle Entertainment Reports 2015 Second Quarter Financial Results

July 30, 2015 8:01 AM EDT

LAS VEGAS, July 30, 2015 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NYSE: PNK) today reported financial results for the second quarter ended June 30, 2015.

2015 Second Quarter Highlights:

Net revenues increased by $26.8 million or 4.8% year over year to a record $582.0 million and Consolidated Adjusted EBITDA increased by $13.7 million or 9.7% year over year to $154.3 million, inclusive of $0.6 million of cost related to the Lake Charles team member retention program and $0.6 million from cost and lost business volume related to flooding of the Red River in Bossier City. Consolidated Adjusted EBITDA margin increased by 120 basis points... More