Eldorado Resorts (ERI) Reports Q4 Revenues Below Estimates

Eldorado Resorts Reports Fourth Quarter Net Revenue of $671.8 Million, and Record Operating Income of $86.7 Million, Adjusted EBITDA of $161.3 Million and Adjusted EBITDA after Master Lease Payments o

February 27, 2019 4:05 PM EST

RENO, Nev.--(BUSINESS WIRE)-- Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) today reported record operating results for the fourth quarter and full year ended December 31, 2018. As outlined in the tables below, the Company generated 2018 fourth quarter Consolidated Adjusted EBITDA of $161.3 million and Consolidated Adjusted EBITDA, after $21.9 million of Master Lease payments, of $139.4 million.

Total Net Revenue ($ in thousands, except per share data) Three Months Ended December 31, 2018

2018 Pre-
Acquisition

2018 Total 2017

2017 Pre-
Acquisition(3)

2017
Total(2)

Change West $ 136,981 $ - $ 136,981 $ 112,756 $ 26,662 $ 139,418 (1.7 )% Midwest 95,774 - 95,774 97,587 - 97,587 (1.9 )% South 119,570 - 119,570... More