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May 03, 2015 8:44 AM ET

Hotels, Restaurants and Leisure

Company Overview of Affinity Gaming

Company Overview

Affinity Gaming, together with its subsidiaries, owns and operates casinos in the United States. 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, 2014, its casino operations consisted of approximately 288,400 square feet of gaming space with 7,318 slot machines and 133 table games, as well as hotel operations comprised of 3,125 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
Age: 47
Chief Financial Officer, Senior Vice President and Treasurer
Age: 42
Senior Vice President, General Counsel and Secretary
Age: 52
Regional General Manager
Age: 54
Compensation as of Fiscal Year 2014.

Affinity Gaming Key Developments

Affinity Gaming Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Affinity Gaming reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. Net revenue for the quarter ended December 31, 2014 was $92.3 million, compared to net revenue of $90.0 million for the quarter ended December 31, 2013, an increase of 2.6%. Adjusted EBITDA during the fourth quarter of 2014 was $11.4 million, compared to $11.3 million during the same quarter of 2013, an increase of 1.2%. Adjusted EBITDA from properties, which excludes corporate overhead, increased $1.8 million, or 13.5% during the fourth quarter of 2014 as compared to the same period in 2013. Total capital expenditures were $8.170 million compared to $10.720 million a year ago. Operating income from continuing operations was $3.94 million compared to $3.33 million a year ago. Net revenue for the year ended December 31, 2014 was $388.0 million, compared to net revenue of $390.5 million for the year ended December 31, 2013, a decrease of 0.6%. Adjusted EBITDA was $50.5 million for the year ended December 31, 2014, compared to $62.9 million for the same period in 2013, a decrease of 19.7%. Adjusted EBITDA for the year ended December 31, 2014 included unusual expenses of approximately $4.1 million, related to lobbying, management and board separation payments, and the analysis of strategic initiatives. Full year results were 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. Capital expenditures for the full year ended December 31, 2014 totaled $16.3 million compared to $31.8 million during the prior year. Capital expenditures during the year ended December 31, 2014 were primarily comprised of recurring, maintenance items while capital expenditures during the year ended December 31, 2013 include the completion of the Colorado renovation and Primm travel center. Operating income from continuing operations was $21.94 million compared to $28.999 million a year ago.

Affinity Gaming to Report Q4, 2014 Results on Mar 27, 2015

Affinity Gaming announced that they will report Q4, 2014 results at 11:00 AM, Pacific Standard Time on Mar 27, 2015

Affinity Gaming, Q4 2014 Earnings Call, Mar 27, 2015

Affinity Gaming, Q4 2014 Earnings Call, Mar 27, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 3, 2015
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