January 28, 2015 4:37 AM ET

Hotels, Restaurants and Leisure

Company Overview of Affinity Gaming

Company Overview

Affinity Gaming operates casinos in the United States. It also provides consulting services to the operator of the Rampart Casino at the JW Marriott Resort in Las Vegas. The company operates 11 casinos, including 5 in Nevada, 3 in Colorado, 2 in Missouri, and 1 in Iowa, as well as 3 gas station/convenience stores in Nevada and a lottery outlet in California. As of December 31, 2013, its casino operations consisted of approximately 283,000 square feet of gaming space with 7,691 slot machines and 134 table games, as well as hotel operations comprised 3,124 hotel rooms. Affinity Gaming is headquartered in Las Vegas, Nevada.

3755 Breakthrough Way

Suite 300

Las Vegas, NV 89135

United States

Phone:

702-341-2400

Key Executives for Affinity Gaming

Chief Executive Officer and Director
Chief Financial Officer
Age: 44
Senior Vice President
Age: 52
Senior Vice President and Regional General Manager - Midwest
Age: 51
Executive Vice President of Terrible's Primm Valley Resorts & Casinos and General Manager of Terrible’s Primm Valley Resorts & Casinos
Compensation as of Fiscal Year 2014.

Affinity Gaming Key Developments

Affinity Gaming Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Affinity Gaming announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company recorded net revenue from continuing operations of $99.5 million compared to $99.1 million during the same quarter of 2013, an increase of $0.4 million, or 0.3%. Adjusted EBITDA was $12.5 million, compared to $15.7 million during the same quarter of 2013, a decrease of $3.2 million, or 20.4%. Adjusted EBITDA, excluding corporate expense, decreased $1.2 million, or 7.2%. Total capital expenditure was $4,467,000 against $6,713,000 a year ago. Operating income from continuing operations was $5,210,000 against $5,653,000 a year ago. For the nine months, the company's total revenue was $295,653,000 compared to $300,481,000 a year ago. Operating income from continuing operations was $17,999,000 against $25,668,000 a year ago. Adjusted EBITDA was $39,152,000 compared to $51,650,000 a year ago. Total capital expenditure was $8,172,000 against $21,121,000 a year ago. Results have been most significantly impacted by the continued softness in the regional gaming markets, by the severe winter weather in the first quarter of 2014, and by the constrained discretionary spending of the Company's target customers. Increased promotional and marketing expense negatively impacted Adjusted EBITDA, particularly in the first two quarters, as aggressive offers designed to increase revenue through additional trips, or increased spend per trip, resulted in margin erosion.

Affinity Gaming to Report Q3, 2014 Results on Nov 13, 2014

Affinity Gaming announced that they will report Q3, 2014 results at 1:00 PM, US Eastern Standard Time on Nov 13, 2014

Affinity Gaming, Q3 2014 Earnings Call, Nov 13, 2014

Affinity Gaming, Q3 2014 Earnings Call, Nov 13, 2014

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