Eldorado Resorts reported a challenging first quarter due to the mandated closure of all properties starting March 18, 2020, which offset a strong start to the year in January and February. Net revenue was $473.1 million, a decrease of 25.6% on a GAAP basis, and the company reported an operating loss of $123.2 million and a net loss of $175.6 million. The company ended the quarter with over $670 million of cash on the balance sheet after drawing $465 million on its revolver in March.