4Q and FY 2018 Earnings • February 21, 2019 CAESARS ENTERTAINMENT CORPORATION 1 Forward Looking Statements Certain information in this presentation and discussed on the conference call which this presentation accompanies constitutes forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts and by the use of words such as "will," "may," "expect," "project ...

Bally's (BALY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a ...

Core Viewpoint - MGM Resorts International is set to release its financial results for the second quarter of 2025 on July 30, 2025, after market close, followed by a conference call for discussion and Q&A [1] Financial Results Announcement - The financial results will be announced after the market closes on July 30, 2025 [1] - A conference call will take place at 5:00 p.m. Eastern Time on the same day [1] - Supplemental slides will be available on MGM's Investor Relations website prior to the call [1] Conference Call Access - The conference call can be accessed online or via phone, with specific numbers provided for domestic and international callers [2] - A replay of the call will be available until August 6, 2025, with access codes for replay provided [2] Company Overview - MGM Resorts International is a global gaming and entertainment company listed on the S&P 500, featuring hotels, casinos, and various entertainment offerings [3] - The company operates 31 unique hotel and gaming destinations worldwide and is involved in sports betting and online gaming through its venture BetMGM, LLC [3] - MGM Resorts is pursuing expansion in Asia, particularly through a resort development in Japan, and emphasizes sustainability and community impact [3]

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Shares of Canterbury Park Holding Corporation (CPHC) have gained 1.2% since reporting results for the first quarter of 2025. This compares with the S&P 500 index’s 3.9% growth over the same time frame. Over the past month, the stock has gained 1.3% compared with the S&P 500’s 11.4% rally.Financial Performance Deteriorates Y/YFor the three months ended March 31, 2025, Canterbury Park posted total net revenues of $13.1 million, marking a 6.8% decline from $14.1 million in the same period in 2024. This revenue ...

Core Insights - Planet Fitness, Inc. (PLNT) reported lower-than-expected first-quarter 2025 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate, although both metrics increased year-over-year [1][4] - The company is facing macroeconomic volatility, increased costs, and expenses, particularly in SG&A and club operations [1][2] Financial Performance - Adjusted earnings per share (EPS) for Q1 2025 were 59 cents, missing the consensus estimate of 62 cents by 4.8%, while the prior-year quarter reported adjusted EPS of 53 cents [4] - Quarterly revenues were $276.7 million, lagging the consensus mark of $282 million by 1.7%, but rose 11.5% year-over-year due to new club openings and membership growth [4] - Adjusted EBITDA was $117 million, up 10% from $106.3 million reported in the year-ago quarter [5] Segment Performance - Franchise segment revenues rose 10.7% year-over-year to $115.2 million, with adjusted EBITDA of $84.9 million, up from $76.1 million [6] - Corporate-owned clubs generated revenues of $133.7 million, up 9.2% year-over-year, with adjusted EBITDA totaling $45.8 million, an increase from $42.4 million [7] - Equipment segment revenues totaled $27.8 million, up 28.7% year-over-year, with adjusted EBITDA rising to $7.4 million from $4.8 million [8] Cash and Debt Position - As of March 31, 2025, Planet Fitness had cash and cash equivalents of $343.9 million, up from $293.2 million at the end of 2024, while long-term debt decreased slightly to $2.14 billion [9] 2025 Outlook - For 2025, the company expects approximately 130-140 new equipment placements and 160-170 new club openings, with same-club sales growth projected in the 5-6% range [10] - Revenues are anticipated to increase approximately 10% from 2024 levels, with adjusted EBITDA and net income expected to grow around 10% and 8-9%, respectively [11] - Capital expenditures are now projected to increase approximately 20%, a revision from the previously expected 25% increase [12]

Financial Data and Key Metrics Changes - The first quarter results were in line with expectations, primarily impacted by the absence of last year's Super Bowl in Las Vegas, particularly affecting The Strat [5] - EBITDA from other casinos increased year over year, while EBITDA from taverns stabilized [5] - The company ended the quarter with over $400 million in debt, $50 million in cash, and $225 million in remaining availability under the revolving credit facility, with a low net leverage of 2.4 times EBITDA [8][9] Business Line Data and Key Metrics Changes - The Strat experienced a 5% decline in occupancy for the quarter, with a 13% drop in February, leading to a $3 million EBITDA headwind [6] - In Laughlin, EBITDA increased by reducing expenses and focusing on more profitable concerts, maintaining leading market share [7] - Revenue and EBITDA from taverns were down slightly year over year, but sequentially improved over Q4 due to better performance from newer taverns and reduced operating expenses [8] Market Data and Key Metrics Changes - Revenue for Nevada locals casinos was flat compared to the prior year, with EBITDA up 2% driven by operational efficiencies [7] - The locals business showed increasing strength in April, indicating a strong start for Q2 [8] Company Strategy and Development Direction - The company is focused on a disciplined reinvestment strategy and has prioritized share repurchases over M&A opportunities due to current market conditions [10][19] - The management believes that the current valuation dislocation presents a better opportunity for repurchasing equity rather than pursuing acquisitions [10][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business despite an uncertain macroeconomic environment, highlighting stable operating trends in April and a strong start in May [5][11] - The company is optimistic about the performance of The Strat, with occupancy pacing up 6% year over year in May and showing strength in June [6][11] Other Important Information - The company has repurchased 3.2 million shares totaling nearly $100 million since the start of 2024 and paid out $35 million in dividends [10] - A nationally recognized food and beverage concept is set to open at The Strat, expected to enhance revenue [45] Q&A Session Summary Question: Booking trends and OTA mix at The Strat - Management noted a shorter booking window at The Strat, with occupancy materializing within a seven-day period, and the OTA mix is currently around 65%, trending downward as they improve direct bookings [13][16] Question: M&A environment and macro impact - The management indicated that the current macro environment has dampened M&A discussions due to value dislocation and uncertainty about future conditions [18][19] Question: Tavern business competition - Management acknowledged increased promotional activity from smaller operators but expressed confidence in their disciplined approach and market position [24][28] Question: Local segment margins and operational efficiencies - The company highlighted strong margins of 46% for the local segment, attributed to rightsizing labor and streamlining operations [50][51] Question: Capital allocation and stock repurchase strategy - Management confirmed a commitment to aggressive stock repurchases, leveraging available liquidity, but expressed skepticism about the effectiveness of tender offers in the gaming space [63][66] Question: Future hotel room rates at The Strat - The management indicated that driving higher room rates will depend on citywide promotions and improved midweek occupancy, with ongoing efforts to enhance direct bookings [70][72]

Core Viewpoint - MGM Resorts International reported first-quarter 2025 results with earnings and revenues exceeding the Zacks Consensus Estimate, although both metrics declined compared to the prior-year quarter [1][2]. Financial Performance - Earnings per share (EPS) for MGM Resorts was 69 cents, surpassing the Zacks Consensus Estimate of 50 cents, but down from 74 cents in the prior-year quarter [3]. - Quarterly revenues reached $4.28 billion, slightly above the consensus mark by 0.1%, but represented a 2.4% decline year-over-year [3]. MGM China Performance - MGM China's net revenues fell by 2.7% year-over-year to $1.03 billion, primarily due to lower casino revenues, which decreased by 3% to $896 million [4][5]. Domestic Operations - Net revenues from Las Vegas Strip Resorts were $2.18 billion, down 3.5% year-over-year, attributed to lower non-gaming revenues, although casino revenues increased by 8% to $538 million [6]. - Regional operations reported net revenues of $900.4 million, a slight decrease from $909.5 million in the prior-year quarter, with adjusted property EBITDAR around $279 million [7]. Balance Sheet and Share Repurchase - At the end of Q1 2025, MGM Resorts had cash and cash equivalents of $2.27 billion, down from $2.42 billion at the end of 2024, while long-term debt increased to $6.41 billion [8]. - The company repurchased nearly 15 million shares for $494 million during the first quarter and announced a new $2 billion stock repurchase plan [9].

Boyd Gaming (BYD) Q1 2025 Earnings Call April 24, 2025 05:00 PM ET Company Participants David Strow - Vice President of Corporate CommunicationsKeith Smith - President and CEOJosh Hirsberg - Executive VP, CFO & TreasurerDavid Katz - Managing DirectorSteve Wieczynski - Managing DirectorMax Marsh - Equity Research AssociateBarry Jonas - Managing Director Conference Call Participants Carlo Santarelli - AnalystShaun Kelley - Senior Research Analyst & MD - Gaming, Lodging & Leisure EquitiesJordan Bender - Senior ...

Core Insights - Monarch Casino reported revenue of $125.39 million for Q1 2025, a year-over-year increase of 3.1% and an EPS of $1.05 compared to $0.93 a year ago, exceeding Zacks Consensus Estimate of $123.27 million by 1.73% [1] - The company delivered an EPS surprise of 0.96%, with the consensus EPS estimate being $1.04 [1] Revenue Breakdown - Other Revenues: $5.77 million, exceeding the estimated $5.07 million, representing a year-over-year increase of 9.2% [4] - Hotel Revenues: $16.71 million, slightly above the estimated $16.37 million, showing a minor decline of 0.4% year-over-year [4] - Food and Beverage Revenues: $30.02 million, below the estimated $31.10 million, reflecting a decrease of 0.5% year-over-year [4] - Casino Revenues: $72.90 million, surpassing the estimated $70.77 million, with a year-over-year increase of 5% [4] Stock Performance - Monarch Casino's shares have returned -9.1% over the past month, compared to the Zacks S&P 500 composite's -8.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]