Eldorado Resorts (ERI) Reports Q1 Loss of $2.25/sh

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Go back to Eldorado Resorts (ERI) Reports Q1 Loss of $2.25/sh

Eldorado Resorts Reports First Quarter 2020 Results

May 11, 2020 4:05 PM EDT

RENO, Nev.--(BUSINESS WIRE)-- Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) today reported operating results for the first quarter ended March 31, 2020.

First Quarter 2020 and Recent Highlights:

Net revenue of $473.1 million, a decrease of 25.6% on a GAAP basis and a decrease of 17.5% on a same-store basis versus the comparable prior-year period Operating loss of $123.2 million versus operating income of $123.6 million on a GAAP basis versus the comparable prior-year period; with a GAAP net loss of $175.6 million Same-store Adjusted EBITDA of $102.5 million, a decrease of 33.0% versus the... More