Eldorado Resorts (ERI) Misses Q1 EPS by 9c

Eldorado Resorts’ First Quarter Net Revenue Rises 0.8% to $213.6 Million and Adjusted EBITDA Increases 17.3% to $38.3 Million

May 5, 2016 4:10 PM EDT

- Adjusted EBITDA Grows for the Fourth Consecutive Quarter Driven by a 250 Basis Point Adjusted EBITDA Margin Increase -

RENO, Nev.--(BUSINESS WIRE)-- Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) today reported operating results for the three months ended March 31, 2016. Net revenues and Adjusted EBITDA for all periods summarized below include the operations of Silver Legacy and Circus Circus Reno, which were acquired by ERI on November 24, 2015, as if the acquisition occurred on January 1, 2015.

                                ($ in thousands) Total Net Revenue Three Months Ended March 31,   2016   2015   Change Reno Tri-Properties (1) $ 72,771   $ 68,095   6.9 %... More