January 21, 2017 2:24 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, 2015, its casino operations consisted of approximately 288,400 square feet of gaming space with 6,929 and 131 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: 49
Chief Financial Officer, Senior Vice President and Treasurer
Age: 44
Chief Operating Officer and Senior Vice President
Age: 47
Senior Vice President, General Counsel and Secretary
Age: 54
Chief Marketing Officer and Senior Vice President
Compensation as of Fiscal Year 2016.

Affinity Gaming Key Developments

Affinity Gaming Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Revises Earnings Guidance for the Fiscal Year Ending December 31, 2016

Affinity Gaming reported consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total net revenue of $96.428 million compared to $101.950 million a year ago. Total adjusted EBITDA was $17.713 million compared to $16.643 million a year ago. Total operating income was $9.110 million compared to $9.047 million a year ago. Total capital expenditures were $5.902 million compared to $4.442 million a year ago. Net loss was $1.222 million compared to net income of $1.996 million a year ago. The increases in operating income and adjusted EBITDA were primarily due to the company’s re-focused promotional campaigns and ongoing refinement of marketing programs which has generated a higher revenue contribution from more profitable guests. Capital expenditures were $5.9 million, a $1.5 million increase from the third quarter of 2015, with the majority of the CapEx increase related to the Whiskey Pete?s Primm renovation that Michael and Jeff talked about a moment ago. For the nine months, the company reported total net revenue of $286.836 million compared to $300.439 million a year ago. Total adjusted EBITDA was $57.291 million compared to $52.456 million a year ago. The improvement primarily reflects the 18.5% year-over-year increase in Adjusted EBITDA for the Nevada segment as a result of the company’s continued focus on streamlining operating and marketing activities. Total operating income was $33.331 million compared to $29.894 million a year ago. Total capital expenditures were $5.902 million compared to $4.442 million a year ago. Net income was $3.672 million compared to $2.553 million a year ago. Gross revenue for the first nine months of 2016 decreased $25.8 million, or 7.6%, year over year, primarily due to reduced casino revenue. Capital expenditures were $14.5 million, an increase of $3.3 million from the prior year period. The company revised earnings guidance for the fiscal year ending December 31, 2016. For the year, the company now expects net revenue in the range of $370 million to $380 million, EBITDA in the range of $73 million to $76 million and net income in the range of $7 million to $9 million compared to previous guidance of net revenue in the range of $369 million to $389 million, EBITDA in the range of $76 million to $80 million and net income in the range of $9 million to $12 million. The company expects maintenance capital expenditures of $14.6 million, project capital expenditures of $6.4 million. The company expects operating income in the range of $43 million to $46 million, interest expense of $24 million and income taxes in the range of $4 million to $5 million.

Affinity Gaming to Report Q3, 2016 Results on Nov 14, 2016

Affinity Gaming announced that they will report Q3, 2016 results at 4:30 PM, US Eastern Standard Time on Nov 14, 2016

Affinity Gaming, Q3 2016 Earnings Call, Nov 14, 2016

Affinity Gaming, Q3 2016 Earnings Call, Nov 14, 2016

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