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Full House Resorts(FLL) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:30
Full House Resorts (FLL) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Speaker0 Afternoon, ladies and gentlemen, and welcome to the Full House Resorts First Quarter twenty twenty five Earnings Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Thursday, 05/08/2025. I would now like to turn the conference over to Adam Campbell. Please go ahead. Speaker1 Thank you. Good afternoon. Welcome to our firs ...
Canterbury Park Holding Corporation Reports First Quarter Results
Globenewswire· 2025-05-08 20:05
SHAKOPEE, Minn., May 08, 2025 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (Nasdaq: CPHC), today reported financial results for the first quarter ended March 31, 2025. ($ in thousands, except per share data and percentages) Three Months Ended March 31, 2025 2024 Change Net revenues$13,142 $14,098 (6.8)%<td style="vertical-align: middle; text-align: left; padding-left: 30.0px; vertical-align: bottom ...
FULL HOUSE RESORTS ANNOUNCES FIRST QUARTER RESULTS
Globenewswire· 2025-05-08 20:05
- Revenues Increased 7.3% in the First Quarter of 2025 - American Place Casino Achieved a New Property Record in March 2025, Reaching $10.9 Million of Monthly Gaming Revenue - Revenues from Our Colorado Operations Increased 33.9% in the First Quarter of 2025 - Silver Slipper Benefited from New Leadership and Operational Improvements LAS VEGAS, May 08, 2025 (GLOBE NEWSWIRE) -- Full House Resorts, Inc. (Nasdaq: FLL) today announced results for the first quarter ended March 31, 2025. On a consolidated basis, ...
AGCO issues penalties of $151,000 against Great Canadian Entertainment for alleged age verification failures
GlobeNewswire News Room· 2025-05-08 17:07
TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) has issued $151,000 in penalties to Great Canadian Entertainment for allegedly failing to prevent minors from accessing gambling on multiple occasions at three Toronto-area casinos. As part of its investigation, the AGCO reviewed four separate incidents in which minors allegedly gained access to the casino floors and in which some of these minors participated in gambling activities – two cases at Great Canadian Cas ...
Universal Technical's Q2 Earnings Beat Estimates, FY25 View Up
ZACKS· 2025-05-08 14:55
Universal Technical Institute, Inc.’s (UTI) stock gained 11.4% in yesterday’s after-hours trading session as it reported impressive second-quarter fiscal 2025 results. Both earnings and revenues surpassed the Zacks Consensus Estimate and increased on a year-over-year basis.The company achieved strong growth in the fiscal second quarter, driven by its strategy, focused on expansion, diversification and optimization. Both divisions saw year-over-year improvements in key financial and operational areas. Higher ...
PENN(PENN) - 2025 Q1 - Earnings Call Transcript
2025-05-08 14:00
PENN Entertainment (PENN) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Greetings, and welcome to Penn Entertainment First Quarter twenty twenty five Earnings Call. I would now like to turn the conference over to Joe Jaffoni, Investor Relations. Please go ahead. Speaker1 Thanks, Emma. Good morning, everyone, and thank you for joining Pan Entertainment's twenty twenty five First Quarter Conference Call. We'll get to management's presentation and comments momentarily as well as your question and ans ...
Studio City(MSC) - 2025 Q1 - Earnings Call Presentation
2025-05-08 12:34
1Q'25 Results Presentation May 8, 2025 Disclaimer Safe Harbor Statement This presentation contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its office ...
Studio City International Holdings Limited Announces Unaudited First Quarter 2025 Earnings
Globenewswire· 2025-05-08 12:00
Core Viewpoint - Studio City International Holdings Limited reported a year-over-year increase in total operating revenues for Q1 2025, driven by improved gaming and non-gaming operations, despite a net loss attributable to the company. Financial Performance - Total operating revenues for Q1 2025 were US$161.7 million, up from US$150.2 million in Q1 2024, reflecting a growth of approximately 11.0% [2] - Studio City Casino generated gross gaming revenues of US$336.2 million in Q1 2025, compared to US$318.4 million in Q1 2024, marking an increase of about 5.5% [2] - Revenue from casino contracts was US$75.9 million in Q1 2025, up from US$66.9 million in Q1 2024, indicating a growth of approximately 13.4% [5] - Total non-gaming revenues for Q1 2025 were US$85.8 million, compared to US$83.3 million in Q1 2024, showing an increase of about 3.0% [6] Gaming Operations - Mass market table games drop was US$923.9 million in Q1 2025, slightly up from US$923.3 million in Q1 2024, with a hold percentage of 32.8% in Q1 2025 compared to 29.5% in Q1 2024 [3] - Gaming machine handle for Q1 2025 was US$871.5 million, an increase from US$824.3 million in Q1 2024, with a win rate of 3.8% in Q1 2025 compared to 3.2% in Q1 2024 [3] Operating Income and Loss - Operating income for Q1 2025 was US$15.3 million, down from US$16.1 million in Q1 2024 [7] - Adjusted EBITDA for Q1 2025 was US$69.9 million, compared to US$66.2 million in Q1 2024, reflecting an increase of approximately 4.0% [7] - Net loss attributable to Studio City for Q1 2025 was US$16.0 million, or US$0.08 per ADS, compared to a net loss of US$14.6 million, or US$0.08 per ADS, in Q1 2024 [8] Non-Operating Expenses - Total net non-operating expenses for Q1 2025 were US$30.8 million, primarily due to interest expenses of US$32.5 million, partially offset by net foreign exchange gains of US$2.0 million [9] Financial Position - Total cash and bank balances as of March 31, 2025, were US$98.0 million, down from US$127.8 million as of December 31, 2024 [12] - Total debt at the end of Q1 2025 remained stable at US$2.16 billion [12] - Capital expenditures for Q1 2025 were US$16.1 million [12] Room and Gaming Statistics - Average daily rate for rooms was US$169 in Q1 2025, up from US$159 in Q1 2024 [29] - Occupancy per available room was 99% in Q1 2025, compared to 96% in Q1 2024 [29] - Average number of table games increased to 253 in Q1 2025 from 246 in Q1 2024 [29]
Galaxy Entertainment Group Selected Unaudited Q1 2025 Financial Data
Globenewswire· 2025-05-08 08:04
Core Insights - Galaxy Entertainment Group (GEG) reported solid financial results for Q1 2025, with adjusted EBITDA of HK$3.3 billion, up 16% year-on-year and 2% quarter-on-quarter [3][21][22] - The company continues to enhance its offerings, particularly in the premium mass segment, through property improvements and diverse entertainment options [2][7] - GEG's balance sheet remains strong, with cash and liquid investments totaling HK$33.0 billion and a net position of HK$29.0 billion after debt [6][28] Financial Performance - Q1 2025 net revenue was HK$11.2 billion, reflecting a 6% increase year-on-year but a 1% decrease quarter-on-quarter [3][21] - The latest twelve months adjusted EBITDA reached HK$12.6 billion, up 16% year-on-year and 4% quarter-on-quarter [16][21] - Galaxy Macau™ was the primary driver of earnings, with net revenue of HK$9.1 billion, up 10% year-on-year [29] Market Overview - The overall Macau market showed resilience, with Q1 2025 gross gaming revenue (GGR) of HK$56.0 billion, up 1% year-on-year and 0.4% quarter-on-quarter, recovering to 76% of 2019 levels [4][19] - Visitor arrivals to Macau reached 9.9 million in Q1 2025, an 11% increase year-on-year, recovering to 95% of 2019 levels [20][46] Development and Expansion - The ultra-luxury Capella at Galaxy Macau soft launched in May 2025, expected to enhance GEG's market position [12][51] - Ongoing construction of Phase 4 focuses on non-gaming facilities, including entertainment and family amenities, scheduled for completion in 2027 [41][52] - GEG is exploring international development opportunities, including in Thailand, while continuing to support Macau's vision as a World Centre of Tourism and Leisure [53][54] Awards and Recognition - GEG's Galaxy Macau™ received accolades, including being named the Best Integrated Resort in the Asia Pacific region for the second time [11][57] - Four of GEG's restaurants earned five Michelin stars in the 2025 Michelin Guide Hong Kong Macau [11][42]
What Makes Bally's (BALY) a New Strong Buy Stock
ZACKS· 2025-05-07 17:00
Core Viewpoint - Bally's (BALY) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on a company's changing earnings picture, with the Zacks Consensus Estimate tracking EPS estimates from sell-side analysts [1][2]. - Changes in future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements, particularly influenced by institutional investors [4]. Bally's Earnings Outlook - Bally's is expected to earn -$1.35 per share for the fiscal year ending December 2025, representing a 76.3% change from the previous year's reported number [8]. - Over the past three months, the Zacks Consensus Estimate for Bally's has increased by 62%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revision features [9][10].