Published
CasinoFinancial

Eldorado Resorts posts small net revenue increase following acquisitions

Eldorado Resorts has reported a 3% year-on-year rise in Q3 net revenue to $487.3m, excelling in its South, East and Central segments.

eldorado

In September, Eldorado Resorts entered an agreement to partner up with William Hill for casino, mobile and sports wagering opportunities.

A temporary sportsbook was opened in Atlantic City’s Tropicana Casino in October and the company expects to open another sportsbook at Mountaineer Casino Racetrack in West Virginia in late November.

Eldorado also completed the acquisitions of Grand Victoria Casino and Tropicana Entertainment in August and October respectively.

Gary Carano, Chairman and Chief Executive Officer at Eldorado, said: “The 2018 third quarter was another impressive period of growth for Eldorado Resorts as Adjusted EBITDA rose at 17 of our 21 properties. As a result, all five of our property segments generated year over year Adjusted EBITDA growth.”

“We are excited about our future as we continue to integrate our newly acquired properties, focus on initiatives that are expected to deliver margin improvement from our operations and position ourselves to benefit from developing sports wagering opportunity in the US.”

 

 

Premium+ Connections
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Live! Casino & Hotel Maryland
Mohegan
Mohegan Inspire
DraftKings
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...