Eldorado Resorts reports Q2 EPS (69c), consensus 20c
Reports Q2 revenue $355.18M, consensus $403.55M. "Eldorado's operating momentum and financial growth continued in the second quarter as, on a combined basis after giving effect to the acquisition of Isle of Capri, Adjusted EBITDA rose 7.8% year over year," said Gary Carano, Chairman and Chief Executive Officer of Eldorado. "Our second quarter growth was broad-based as Adjusted EBITDA improved at 13 of our 19 properties and we delivered year over year property margin increases at our West, Midwest and East regions and flat margin results for our South region. As a result, Eldorado's combined consolidated Adjusted EBITDA margin improved 230 basis points in the quarter to 23.4%."