Pinnacle Entertainment reports USD 640M in revenue during Q1

"We reported 2017 first quarter net revenues of USD 640M, Consolidated Adjusted EBITDAR of $174.9 million, and Income from continuing operations of USD 17.2M. Our 2017 first quarter same-store financial results were adversely impacted by low table games hold percentage, principally at L'Auberge Lake Charles and Ameristar East Chicago, as well as by an out of period adjustment that reduced the net revenues and Adjusted EBITDAR of Ameristar Kansas City," said Sanfilippo.

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The business manager assured that the company is making progress on several key strategic operational initiatives

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The keys aspects included increasing marketing effectiveness,the development of Asian gaming entertainment offerings at the businesses across its portfolio, and generating higher levels of cross-market visitation.

"Our marketing strategy continues to be a key area of focus for our Company. Rated play trends were strong within our core VIP guest segments, with trips and spend per trip both growing in the mid-single digits on a same-store basis in the 2017 first quarter."

In addition, Sanfilippo pointed out the firm's attributes that included a compelling mix of premium gaming, hotel, culinary, and other entertainment amenities, mychoice guest loyalty program, and over 16,000 team members focused on providing memorable experiences to the guests in highly desirable locations throughout the U.S.

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Pinnacle Entertainment is focused on providing memorable experiences to the guests

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"We are ideally positioned to benefit from the ongoing improvement we see in regional gaming trends and are excited by the growth trajectory and future prospects of our Company."