Regional casino operator Eldorado Resorts said dodgy weather did a number on its Q1 numbers while its CEO dodged questions about a potential tie-up with Caesars Entertainment.
On Thursday, Eldorado reported generating revenue of $627.7m, record operating income of $123.7m, adjusted earnings of $166.5m and net income of $20.85m in the three months ending March 31.
Comparatives with the same period last year are somewhat moot, given last spring’s transformative $1.85b acquisition of Tropicana Entertainment, not to mention a couple Pennsylvania properties changing hands and the addition of the Grand Victoria Casino in Illinois. Besides, it’s a Friday and we’re bone-idle lazy.
What is clear is that Eldorado now operates 26 properties across the US, and adjusted earnings were up at 17 of these venues, including nine properties where earnings were up double-digits.