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
Las Vegas, NV 89135
Affinity Gaming Announces Management Changes
Sep 15 15
Affinity Gaming announced that David Reganato has been elected Chairman of the company’s Board of Directors and a member of the compensation committee, succeeding Richard S. Parisi, effective immediately. Mr. Reganato is a Senior Investment Analyst with Silver Point Capital, L.P. which he joined in November 2002. Prior to Silver Point, Mr. Reganato worked in the investment banking division at Morgan Stanley. In addition to serving as Chairman of the Affinity Board, he currently serves on the boards of Granite Broadcasting Corporation, Studio City International Holdings Limited and Rotech Healthcare Inc. Mr. Parisi served as a Director of Affinity since May 14, 2013, and as Chairman of the Board since July 11, 2013.
Affinity Gaming Announces Earnings Results for Second Quarter and Six Months Ended June 30, 2015; Revises Guidance for the Fiscal Year Ending December 31, 2015
Aug 6 15
Affinity Gaming announced earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported total net revenue of $101,850,000, total adjusted EBITDA of $17,591,000, total operating income of $10,085,000, net income of $797,000, total capital expenditures of $3,593,000 compared to the total net revenue of $99,621,000, total adjusted EBITDA of $12,652,000, total operating income of $5,943,000, net loss of $14,367,000, total capital expenditures of $3,157,000 for the same quarter a year ago.
For the six months period, the company reported total net revenue of $199,086,000, total adjusted EBITDA of $35,813,000, total operating income of $20,847,000, net income of $557,000, total capital expenditures of $6,718,000 compared to the total net revenue of $196,191,000, total adjusted EBITDA of $26,634,000, total operating income of $12,789,000, net loss of $14,320,000, total capital expenditures of $6,714,000 for the same period a year ago.
The company updated guidance for the fiscal year ending December 31, 2015. For the year 2015, the company now expected net revenue to be in the range of $385 million to $405 million compared to the previous guidance of $388 million to $413 million. EBITDA expected to be in the range of $65 million to $68 million compared to the previous guidance of $62 million to $66 million. Net income expected to be in the range of $0.5 million to $2.5 million compared to the previous guidance of $1.5 million to $4.0 million.
Affinity Gaming to Report Q2, 2015 Results on Aug 06, 2015
Jul 27 15
Affinity Gaming announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 06, 2015