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Dec 31, 2019
Caesars Q4 2019 Earnings Report
Eldorado Resorts' Q4 2019 results were reported, featuring a net revenue of $592.1 million and an operating income of $58.9 million.
Key Takeaways
Eldorado Resorts reported a net revenue of $592.1 million for Q4 2019, a decrease of 11.9% on a GAAP basis. The operating income was $58.9 million, a decrease of 32.1% on a GAAP basis, with a net loss of $13.2 million. Adjusted EBITDA on a same-store basis was $146.2 million, up 0.4% year over year.
Net revenue was $592.1 million, down 11.9% on a GAAP basis.
Operating income was $58.9 million, down 32.1% on a GAAP basis, with a net loss of $13.2 million.
Adjusted EBITDA on a same-store basis increased 0.4% year over year to $146.2 million.
Debt was reduced by $388 million in Q4 and by more than $700 million in 2019.
Caesars
Caesars
Caesars Revenue by Segment
Caesars Revenue by Geographic Location
Forward Guidance
Eldorado is focused on integrating with Caesars Entertainment and driving top and bottom line performance.