Q3 2019 Earnings Call

Did not reopened until early October this part of the casino has nearly half the table games, making the disruption that third quarter a bit more than we anticipated even with a few weeks delayed of his section we remain on track to complete the renovation the casino by yearend.

Also in the last week. The September we had a power outage at distressed which led to room refunds and other lost revenue at the property.

We continue to see improved performance in areas of the strategy of renovated such as the upgrades to the sky pod, several SMB outlets and our new taproom and lounge connected to our new Sports book. In addition, we are maintaining a $20 80, our premium in the hotel rooms that we have touched.

We're through approximately 80% of the casino floor renovations with all our table games back at the end of October . However, we still have approximately 150 less slots on the floor than we will at the casino renovations are complete.

In addition to the casino floor remodel we're now working on the front desk area, a new fitness center and ride sharing pickup area.

We completed Remodels of 130 rooms in the third quarter and expect to remodel. Another 126 rooms in Q4 at the end of this year almost 900 at a 2400 strap hotel rooms will have been renovated within the last three years, including about 300 rooms renovated immediately prior to.

One of the property in 2017.

For our two new law and properties, we remain on track to realize half of our target 4 million cost synergies by year end and we'll capture the balance in 2020. We have also seen an increased cross play between these assets and our various property since the rollout of our new true rewards one card player loyalty program.

At Rocky gap in Maryland revenue increased 4.6% on a year over year basis, while EBITDA increased about 1% to 6.2 million as competitive pressures in the region continue to cost us a bit more marketing spend to grow revenues.

For have added distributed business total revenues during the third quarter grew 5.9% 69.

I would point 4 million adjusted EBITDA of approximately 9 million was up 7% over the prior year, reflecting stabilized performance from our chain stores.

For locations renegotiated Reds as well as having six needs.

Q3 2019 Earnings Call

Demo

Golden Entertainment

Earnings

Q3 2019 Earnings Call

GDEN

Thursday, November 7th, 2019 at 10:00 PM

Transcript

No Transcript Available

No transcript data is available for this event yet. Transcripts typically become available shortly after an earnings call ends.

Want AI-powered analysis? Try AllMind AI →