Toggle SGML Header (+)


Section 1: 10-Q (10-Q)

eri-10q_20190930.htm
0001590895 false --12-31 Large Accelerated Filer Q3 4 1.00 10 true 4 1.00 10 us-gaap:PropertyPlantAndEquipmentNet us-gaap:LongTermDebtCurrent eri:LongTermFinancingObligationAndDebt Indefinite Indefinite 0001590895 2019-01-01 2019-09-30 xbrli:shares 0001590895 2019-11-04 iso4217:USD 0001590895 2019-09-30 0001590895 2018-12-31 iso4217:USD xbrli:shares 0001590895 eri:CasinoAndPariMutuelCommissionsMember 2019-07-01 2019-09-30 0001590895 eri:CasinoAndPariMutuelCommissionsMember 2018-07-01 2018-09-30 0001590895 eri:CasinoAndPariMutuelCommissionsMember 2019-01-01 2019-09-30 0001590895 eri:CasinoAndPariMutuelCommissionsMember 2018-01-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember 2019-07-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember 2018-07-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember 2019-01-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember 2018-01-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember 2019-07-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember 2018-07-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember 2019-01-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember 2018-01-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember 2019-07-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember 2018-07-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember 2019-01-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember 2018-01-01 2018-09-30 0001590895 2019-07-01 2019-09-30 0001590895 2018-07-01 2018-09-30 0001590895 2018-01-01 2018-09-30 0001590895 us-gaap:CommonStockMember 2018-12-31 0001590895 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001590895 us-gaap:RetainedEarningsMember 2018-12-31 0001590895 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001590895 us-gaap:TreasuryStockMember 2018-12-31 0001590895 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001590895 2019-01-01 2019-03-31 0001590895 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001590895 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001590895 us-gaap:CommonStockMember 2019-03-31 0001590895 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001590895 us-gaap:RetainedEarningsMember 2019-03-31 0001590895 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001590895 us-gaap:TreasuryStockMember 2019-03-31 0001590895 2019-03-31 0001590895 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001590895 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001590895 2019-04-01 2019-06-30 0001590895 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001590895 us-gaap:CommonStockMember 2019-06-30 0001590895 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001590895 us-gaap:RetainedEarningsMember 2019-06-30 0001590895 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001590895 us-gaap:TreasuryStockMember 2019-06-30 0001590895 2019-06-30 0001590895 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001590895 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001590895 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001590895 us-gaap:CommonStockMember 2019-09-30 0001590895 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001590895 us-gaap:RetainedEarningsMember 2019-09-30 0001590895 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001590895 us-gaap:TreasuryStockMember 2019-09-30 0001590895 us-gaap:CommonStockMember 2017-12-31 0001590895 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001590895 us-gaap:RetainedEarningsMember 2017-12-31 0001590895 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001590895 2017-12-31 0001590895 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0001590895 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0001590895 2018-01-01 2018-03-31 0001590895 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001590895 us-gaap:CommonStockMember 2018-03-31 0001590895 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001590895 us-gaap:RetainedEarningsMember 2018-03-31 0001590895 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001590895 2018-03-31 0001590895 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0001590895 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0001590895 2018-04-01 2018-06-30 0001590895 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0001590895 us-gaap:CommonStockMember 2018-06-30 0001590895 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001590895 us-gaap:RetainedEarningsMember 2018-06-30 0001590895 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001590895 2018-06-30 0001590895 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001590895 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001590895 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001590895 us-gaap:CommonStockMember 2018-09-30 0001590895 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001590895 us-gaap:RetainedEarningsMember 2018-09-30 0001590895 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001590895 2018-09-30 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2018-01-01 2018-09-30 xbrli:pure 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2019-09-30 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2018-09-30 0001590895 us-gaap:AccountingStandardsUpdate201409Member 2019-01-01 2019-09-30 0001590895 eri:TropicanaEntertainmentIncMember 2019-01-01 2019-09-30 0001590895 eri:ElginRiverboatResortMember 2019-01-01 2019-09-30 0001590895 eri:MountaineerCapeGirardeauCaruthersvilleKansasCityAndVicksburgMember 2019-01-01 2019-09-30 0001590895 eri:NemacolinAndPresqueIsleDownsMember 2019-01-01 2019-09-30 0001590895 eri:IsleOfCapriMember 2019-01-01 2019-09-30 eri:property 0001590895 eri:TropicanaEntertainmentIncMember 2018-10-01 0001590895 eri:WestSegmentMember eri:EldoradoResortCasinoRenoMember stpr:NV 2019-01-01 2019-09-30 0001590895 eri:WestSegmentMember eri:SilverLegacyResortCasinoMember stpr:NV 2019-01-01 2019-09-30 0001590895 eri:WestSegmentMember eri:CircusCircusRenoMember stpr:NV 2019-01-01 2019-09-30 0001590895 eri:WestSegmentMember eri:MontBleuCasinoResortSpaMember stpr:NV 2019-01-01 2019-09-30 0001590895 eri:WestSegmentMember eri:TropicanaLaughlinHotelCasinoMember stpr:NV 2019-01-01 2019-09-30 0001590895 eri:WestSegmentMember eri:IsleCasinoHotelBlackhawkMember stpr:CO 2019-01-01 2019-09-30 0001590895 eri:WestSegmentMember eri:LadyLuckCasinoBlackHawkMember stpr:CO 2019-01-01 2019-09-30 0001590895 eri:MidwestSegmentMember eri:IsleCasinoWaterlooMember stpr:IA 2019-01-01 2019-09-30 0001590895 eri:MidwestSegmentMember eri:IsleCasinoBettendorfMember stpr:IA 2019-01-01 2019-09-30 0001590895 eri:MidwestSegmentMember eri:IsleOfCapriCasinoBoonvilleMember stpr:MO 2019-01-01 2019-09-30 0001590895 eri:MidwestSegmentMember eri:IsleCasinoCapeGirardeauMember stpr:MO 2019-01-01 2019-09-30 0001590895 eri:MidwestSegmentMember eri:LadyLuckCasinoCaruthersvilleMember stpr:MO 2019-01-01 2019-09-30 0001590895 eri:MidwestSegmentMember eri:IsleOfCapriCasinoKansasCityMember stpr:MO 2019-01-01 2019-09-30 0001590895 eri:SouthSegmentMember eri:IsleCasinoRacingPompanoParkMember stpr:FL 2019-01-01 2019-09-30 0001590895 eri:SouthSegmentMember eri:EldoradoResortCasinoShreveportMember stpr:LA 2019-01-01 2019-09-30 0001590895 eri:SouthSegmentMember eri:IsleOfCapriCasinoHotelLakeCharlesMember stpr:LA 2019-01-01 2019-09-30 0001590895 eri:SouthSegmentMember eri:BelleOfBatonRougeCasinoHotelMember stpr:LA 2019-01-01 2019-09-30 0001590895 eri:SouthSegmentMember eri:IsleOfCapriCasinoLulaMember stpr:MS 2019-01-01 2019-09-30 0001590895 eri:SouthSegmentMember eri:LadyLuckCasinoVicksburgMember stpr:MS 2019-01-01 2019-09-30 0001590895 eri:SouthSegmentMember eri:TropCasinoGreenvilleMember stpr:MS 2019-01-01 2019-09-30 0001590895 eri:EastSegmentMember eri:EldoradoGamingSciotoDownsMember stpr:OH 2019-01-01 2019-09-30 0001590895 eri:EastSegmentMember eri:MountaineerCasinoRacetrackResortMember stpr:WV 2019-01-01 2019-09-30 0001590895 eri:EastSegmentMember eri:TropicanaCasinoAndResortAtlanticCityMember stpr:NJ 2019-01-01 2019-09-30 0001590895 eri:CentralSegmentMember eri:GrandVictoriaCasinoMember stpr:IL 2019-01-01 2019-09-30 0001590895 eri:CentralSegmentMember eri:LumierePlaceCasinoMember stpr:MO 2019-01-01 2019-09-30 0001590895 eri:CentralSegmentMember eri:TropicanaEvansvilleMember stpr:IN 2019-01-01 2019-09-30 eri:Region 0001590895 2018-01-01 2018-06-30 eri:segment 0001590895 srt:MinimumMember 2019-01-01 2019-09-30 0001590895 srt:MaximumMember 2019-01-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:CasinoMember 2019-07-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0001590895 eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001590895 us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:CasinoMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:CasinoMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:CasinoMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:CasinoMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:CasinoMember 2018-07-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0001590895 eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001590895 us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0001590895 us-gaap:CasinoMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:CasinoMember 2019-01-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:HotelOwnedMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:ProductAndServiceOtherMember us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0001590895 eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001590895 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0001590895 us-gaap:CasinoMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:CasinoMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:CasinoMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:CasinoMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:CasinoMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:CasinoMember 2018-01-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:FoodAndBeverageMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:HotelOwnedMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:ProductAndServiceOtherMember us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0001590895 eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001590895 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0001590895 eri:OutstandingChipLiabilityMember 2018-12-31 0001590895 eri:OutstandingChipLiabilityMember 2017-12-31 0001590895 eri:PlayerLoyaltyLiabilityMember 2018-12-31 0001590895 eri:PlayerLoyaltyLiabilityMember 2017-12-31 0001590895 eri:CustomerDepositsAndOtherDeferredRevenueMember 2018-12-31 0001590895 eri:CustomerDepositsAndOtherDeferredRevenueMember 2017-12-31 0001590895 eri:OutstandingChipLiabilityMember 2019-09-30 0001590895 eri:OutstandingChipLiabilityMember 2018-09-30 0001590895 eri:PlayerLoyaltyLiabilityMember 2019-09-30 0001590895 eri:PlayerLoyaltyLiabilityMember 2018-09-30 0001590895 eri:CustomerDepositsAndOtherDeferredRevenueMember 2019-09-30 0001590895 eri:CustomerDepositsAndOtherDeferredRevenueMember 2018-09-30 0001590895 eri:OutstandingChipLiabilityMember 2019-01-01 2019-09-30 0001590895 eri:OutstandingChipLiabilityMember 2018-01-01 2018-09-30 0001590895 eri:PlayerLoyaltyLiabilityMember 2019-01-01 2019-09-30 0001590895 eri:PlayerLoyaltyLiabilityMember 2018-01-01 2018-09-30 0001590895 eri:CustomerDepositsAndOtherDeferredRevenueMember 2019-01-01 2019-09-30 0001590895 eri:CustomerDepositsAndOtherDeferredRevenueMember 2018-01-01 2018-09-30 0001590895 eri:TropicanaEntertainmentIncMember 2018-04-15 0001590895 eri:TropicanaEntertainmentIncMember eri:TropicanaArubaResortCasinoAndGamingAndLeisurePropertiesMember 2018-09-29 2018-10-01 0001590895 eri:TropicanaEntertainmentIncMember 2018-09-29 2018-10-01 0001590895 eri:TropicanaEntertainmentIncMember eri:GamingAndLeisurePropertiesMember 2018-10-01 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2018-09-29 2018-10-01 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2018-10-01 0001590895 eri:TropicanaEntertainmentIncMember 2019-07-01 2019-09-30 0001590895 eri:TropicanaEntertainmentIncMember 2018-07-01 2018-09-30 0001590895 eri:TropicanaEntertainmentIncMember 2018-01-01 2018-09-30 0001590895 eri:TropicanaEntertainmentIncMember 2019-09-30 0001590895 us-gaap:LicensingAgreementsMember eri:TropicanaEntertainmentIncMember 2019-09-30 0001590895 us-gaap:TradeNamesMember eri:TropicanaEntertainmentIncMember 2019-09-30 0001590895 eri:PlayerLoyaltyProgramsMember eri:TropicanaEntertainmentIncMember 2019-09-30 0001590895 eri:GamingAndLeisurePropertiesMember eri:TropicanaEntertainmentIncMember 2018-09-29 2018-10-01 0001590895 eri:TropicanaEntertainmentIncMember eri:PlayerLoyaltyProgramsMember 2019-01-01 2019-09-30 0001590895 eri:ElginRiverboatResortMember 2018-08-06 2018-08-07 0001590895 eri:ElginRiverboatResortMember 2018-08-07 0001590895 eri:ElginRiverboatResortMember 2019-07-01 2019-09-30 0001590895 eri:ElginRiverboatResortMember 2018-07-01 2018-09-30 0001590895 eri:ElginRiverboatResortMember 2018-01-01 2018-09-30 0001590895 eri:ElginRiverboatResortMember 2019-09-30 0001590895 us-gaap:LicensingAgreementsMember eri:ElginRiverboatResortMember 2019-09-30 0001590895 us-gaap:TradeNamesMember eri:ElginRiverboatResortMember 2019-09-30 0001590895 eri:PlayerRelationshipsMember eri:ElginRiverboatResortMember 2019-09-30 0001590895 eri:ElginRiverboatResortMember eri:PlayerLoyaltyProgramsMember 2019-01-01 2019-09-30 0001590895 eri:TwinRiverWorldwideHoldingsIncMember 2019-07-10 2019-07-10 0001590895 eri:MountaineerCapeGirardeauAndCaruthersvilleMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember eri:VICIPropertiesIncMember 2019-06-17 0001590895 eri:MountaineerCapeGirardeauAndCaruthersvilleMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember eri:CenturyCasinosIncMember 2019-06-17 0001590895 eri:MountaineerMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-09-30 0001590895 eri:CapeGirardeauMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-09-30 0001590895 eri:CaruthersvilleMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-09-30 0001590895 eri:KansasCityMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-09-30 0001590895 eri:VicksburgMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-09-30 0001590895 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-09-30 0001590895 eri:MountaineerMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001590895 eri:CapeGirardeauMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001590895 eri:CaruthersvilleMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001590895 eri:KansasCityMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001590895 eri:VicksburgMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001590895 eri:MountaineerMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001590895 eri:CapeGirardeauMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001590895 eri:CaruthersvilleMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001590895 eri:KansasCityMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001590895 eri:VicksburgMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001590895 eri:PresqueIsleDownsIncMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-02-28 0001590895 eri:VicksburgMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-02-28 0001590895 eri:VicksburgsMember eri:ChurchillDownsIncorporatedMember 2018-01-01 2018-06-30 0001590895 eri:ChurchillDownsIncorporatedMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-07-06 2018-07-06 0001590895 eri:NemacolinMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-08-10 0001590895 eri:NemacolinMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-07-01 2018-09-30 0001590895 eri:PresqueIsleDownsIncMember 2019-01-01 2019-09-30 0001590895 eri:NemacolinMember 2019-01-01 2019-09-30 0001590895 eri:NemacolinMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-12-31 0001590895 eri:PresqueIsleDownsIncMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-12-31 0001590895 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-12-31 0001590895 eri:PresqueIsleDownsIncMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-07-01 2018-09-30 0001590895 eri:NemacolinMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-07-01 2018-09-30 0001590895 eri:PresqueIsleDownsIncMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-01-01 2018-09-30 0001590895 eri:NemacolinMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2018-01-01 2018-09-30 0001590895 eri:PresqueIsleDownsIncMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001590895 eri:NemacolinMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001590895 us-gaap:CommonStockMember 2018-11-30 0001590895 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001590895 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001590895 us-gaap:RestrictedStockUnitsRSUMember 2018-12-31 0001590895 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001590895 us-gaap:RestrictedStockUnitsRSUMember 2019-09-30 0001590895 us-gaap:RestrictedStockUnitsRSUMember eri:NonEmployeeMembersOfBODMember 2019-01-01 2019-09-30 0001590895 us-gaap:RestrictedStockUnitsRSUMember 2018-09-30 0001590895 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-09-30 0001590895 eri:CordishCompaniesMember eri:PompanoJointVentureMember 2018-04-01 2018-04-30 0001590895 eri:PompanoJointVentureMember 2018-04-01 2018-04-30 0001590895 eri:PompanoJointVentureMember srt:MaximumMember 2018-04-01 2018-04-30 utr:acre 0001590895 eri:PompanoJointVentureMember srt:MinimumMember 2018-04-01 2018-04-30 0001590895 eri:PompanoJointVentureMember 2019-09-30 0001590895 eri:PompanoJointVentureMember 2018-12-31 0001590895 eri:WilliamHillMember 2018-09-01 2018-09-30 0001590895 eri:WilliamHillMember 2019-01-29 2019-01-29 0001590895 eri:WilliamHillMember 2019-01-31 0001590895 eri:WilliamHillMember 2019-09-30 0001590895 eri:WilliamHillUSMember 2019-01-29 0001590895 eri:WilliamHillUSMember 2019-09-30 0001590895 eri:WilliamHillPLCMember 2019-09-30 0001590895 eri:WilliamHillPLCMember 2019-01-01 2019-09-30 0001590895 eri:WilliamHillMember 2019-01-01 2019-09-30 0001590895 eri:WilliamHillMember 2019-07-01 2019-09-30 0001590895 eri:WilliamHillMember us-gaap:OtherNoncurrentLiabilitiesMember 2019-09-30 0001590895 eri:IndefinitelivedTradeNamesMember 2019-01-01 2019-09-30 0001590895 us-gaap:LicensingAgreementsMember 2019-09-30 0001590895 us-gaap:LicensingAgreementsMember 2018-12-31 0001590895 us-gaap:LicensingAgreementsMember 2019-01-01 2019-09-30 0001590895 eri:IndefinitelivedTradeNamesMember 2019-09-30 0001590895 eri:IndefinitelivedTradeNamesMember 2018-12-31 0001590895 us-gaap:CustomerRelatedIntangibleAssetsMember 2019-09-30 0001590895 us-gaap:CustomerRelatedIntangibleAssetsMember 2018-12-31 0001590895 us-gaap:CustomerRelatedIntangibleAssetsMember srt:MinimumMember 2019-01-01 2019-09-30 0001590895 us-gaap:CustomerRelatedIntangibleAssetsMember srt:MaximumMember 2019-01-01 2019-09-30 0001590895 us-gaap:CustomerRelatedIntangibleAssetsMember 2019-07-01 2019-09-30 0001590895 us-gaap:CustomerRelatedIntangibleAssetsMember 2018-07-01 2018-09-30 0001590895 us-gaap:CustomerRelatedIntangibleAssetsMember 2019-01-01 2019-09-30 0001590895 us-gaap:CustomerRelatedIntangibleAssetsMember 2018-01-01 2018-09-30 0001590895 eri:CasinoReinvestmentDevelopmentAuthorityMember 2019-09-30 0001590895 eri:CasinoReinvestmentDevelopmentAuthorityMember 2018-12-31 0001590895 country:PA 2019-01-01 2019-09-30 0001590895 eri:MountaineerMember eri:AssetHeldForSaleMember 2019-09-30 0001590895 eri:TropicanaEvansvilleMember stpr:IN 2019-09-30 0001590895 eri:TropicanaEvansvilleMember stpr:IN 2018-01-31 0001590895 eri:TropicanaEvansvilleMember stpr:IN 2019-01-01 2019-09-30 0001590895 eri:WilliamHillPLCMember 2018-09-01 2018-09-30 0001590895 eri:WilliamHillPLCMember 2019-01-01 2019-01-31 0001590895 eri:WilliamHillPLCMember 2019-01-31 0001590895 us-gaap:OtherNoncurrentAssetsMember eri:WilliamHillPLCMember 2019-09-30 0001590895 us-gaap:OtherNoncurrentAssetsMember eri:WilliamHillPLCMember 2019-01-01 2019-09-30 0001590895 eri:MasterLeaseArrangementMember 2019-09-30 0001590895 eri:MasterLeaseArrangementMember 2019-01-01 2019-09-30 0001590895 eri:MasterLeaseArrangementMember us-gaap:BuildingMember 2019-01-01 2019-09-30 0001590895 eri:MasterLeaseArrangementMember us-gaap:LandMember 2019-01-01 2019-09-30 0001590895 eri:MasterLeaseArrangementMember eri:GamingAndLeisurePropertiesMember 2019-09-30 0001590895 eri:GamingAndLeisurePropertiesMember eri:MasterLeaseArrangementMember 2019-07-01 2019-09-30 0001590895 eri:GamingAndLeisurePropertiesMember eri:MasterLeaseArrangementMember 2019-01-01 2019-09-30 0001590895 eri:TermLoanUnderSecuredCreditFacilityMember 2019-09-30 0001590895 eri:TermLoanUnderSecuredCreditFacilityMember 2018-12-31 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2018-12-31 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2019-09-30 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2018-12-31 0001590895 eri:SevenPercentSeniorNotesDueTwoThousandTwentyThreeMember 2019-09-30 0001590895 eri:SevenPercentSeniorNotesDueTwoThousandTwentyThreeMember 2018-12-31 0001590895 eri:RevolvingCreditFacilityUnderSecuredCreditFacilityMember 2018-12-31 0001590895 eri:LumiereLoanMember 2019-09-30 0001590895 eri:LumiereLoanMember 2018-12-31 0001590895 eri:TermLoanUnderSecuredCreditFacilityMember 2017-04-17 0001590895 eri:RevolvingCreditFacilityUnderSecuredCreditFacilityMember 2017-04-17 0001590895 eri:RevolvingCreditFacilityUnderSecuredCreditFacilityMember 2019-01-01 2019-09-30 0001590895 eri:TermLoanUnderSecuredCreditFacilityMember 2019-01-01 2019-09-30 0001590895 eri:TermLoanUnderSecuredCreditFacilityMember 2017-09-12 2017-09-13 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2017-09-13 0001590895 eri:TermLoanUnderSecuredCreditFacilityMember 2019-09-30 0001590895 eri:RevolvingCreditFacilityUnderSecuredCreditFacilityMember 2019-09-30 0001590895 us-gaap:LetterOfCreditMember 2019-09-30 0001590895 eri:RevolvingCreditFacilityUnderSecuredCreditFacilityMember eri:PresqueIsleDownsIncMember 2019-01-01 2019-09-30 0001590895 eri:RevolvingCreditFacilityUnderSecuredCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember srt:MinimumMember 2019-01-01 2019-09-30 0001590895 eri:RevolvingCreditFacilityUnderSecuredCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember srt:MaximumMember 2019-01-01 2019-09-30 0001590895 eri:RevolvingCreditFacilityUnderSecuredCreditFacilityMember us-gaap:BaseRateMember srt:MinimumMember 2019-01-01 2019-09-30 0001590895 eri:RevolvingCreditFacilityUnderSecuredCreditFacilityMember us-gaap:BaseRateMember srt:MaximumMember 2019-01-01 2019-09-30 0001590895 eri:TermLoanUnderSecuredCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-09-30 0001590895 eri:TermLoanUnderSecuredCreditFacilityMember us-gaap:BaseRateMember 2019-01-01 2019-09-30 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2018-09-20 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2019-01-01 2019-09-30 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2017-03-29 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2019-01-01 2019-09-30 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember eri:IsleOfCapriMember 2019-01-01 2019-09-30 0001590895 eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2017-09-12 2017-09-13 0001590895 eri:PriorRevolvingCreditFacilityMember 2017-09-12 2017-09-13 0001590895 eri:TermLoanMember 2017-09-12 2017-09-13 0001590895 eri:SevenPercentSeniorNotesDueTwoThousandTwentyThreeMember 2015-07-23 0001590895 eri:SevenPercentSeniorNotesDueTwoThousandTwentyThreeMember 2019-01-01 2019-09-30 0001590895 eri:LumiereLoanMember eri:GamingAndLeisurePropertiesMember 2019-09-30 0001590895 eri:LumiereLoanMember us-gaap:SubsequentEventMember 2019-10-01 2019-10-01 0001590895 eri:LumiereLoanMember srt:ScenarioForecastMember 2020-10-01 2020-10-01 0001590895 eri:LumiereLoanMember srt:MinimumMember 2019-09-30 0001590895 eri:AccruedOtherLiabilitiesCurrentMember 2019-09-30 0001590895 eri:AccruedOtherLiabilitiesCurrentMember 2018-12-31 0001590895 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001590895 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001590895 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001590895 us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001590895 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001590895 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001590895 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001590895 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001590895 eri:RestrictedInvestmentsMember 2018-12-31 0001590895 eri:RestrictedInvestmentsMember 2019-01-01 2019-09-30 0001590895 eri:RestrictedInvestmentsMember 2019-09-30 0001590895 eri:OtherLiabilitiesRelatedToRestrictedInvestmentsMember 2019-01-01 2019-09-30 0001590895 eri:OtherLiabilitiesRelatedToRestrictedInvestmentsMember 2019-09-30 0001590895 eri:TheStarsGroupIncorporationMember 2018-11-01 2018-11-30 0001590895 eri:TheStarsGroupIncorporationMember 2018-11-30 0001590895 eri:TheStarsGroupIncorporationMember eri:RestrictedCashAndInvestmentsMember 2019-09-30 0001590895 eri:TheStarsGroupIncorporationMember 2019-07-01 2019-09-30 0001590895 eri:TheStarsGroupIncorporationMember 2019-01-01 2019-09-30 0001590895 eri:TheStarsGroupIncorporationMember eri:OtherLongTermLiabilitiesMember 2019-09-30 0001590895 eri:TheStarsGroupIncorporationMember eri:WilliamHillUSMember 2019-09-30 0001590895 eri:TheStarsGroupIncorporationMember eri:AccruedOtherLiabilitiesCurrentMember eri:WilliamHillUSMember 2019-09-30 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:SevenPercentSeniorNotesDueTwoThousandTwentyThreeMember 2019-09-30 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:SevenPercentSeniorNotesDueTwoThousandTwentyThreeMember 2019-09-30 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:SevenPercentSeniorNotesDueTwoThousandTwentyThreeMember 2018-12-31 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:SevenPercentSeniorNotesDueTwoThousandTwentyThreeMember 2018-12-31 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2019-09-30 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2019-09-30 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2018-12-31 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:SixPercentSeniorNotesDueTwoThousandTwentyFiveMember 2018-12-31 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2019-09-30 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2019-09-30 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2018-12-31 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2018-12-31 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:TermLoanUnderSecuredCreditFacilityMember 2019-09-30 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:TermLoanUnderSecuredCreditFacilityMember 2019-09-30 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:TermLoanUnderSecuredCreditFacilityMember 2018-12-31 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:TermLoanUnderSecuredCreditFacilityMember 2018-12-31 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:RevolvingCreditFacilityMember 2018-12-31 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:RevolvingCreditFacilityMember 2018-12-31 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:LumiereLoanMember 2019-09-30 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:LumiereLoanMember 2019-09-30 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:LumiereLoanMember 2018-12-31 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:LumiereLoanMember 2018-12-31 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:OtherLongTermDebtMember 2019-09-30 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:OtherLongTermDebtMember 2019-09-30 0001590895 us-gaap:CarryingReportedAmountFairValueDisclosureMember eri:OtherLongTermDebtMember 2018-12-31 0001590895 us-gaap:EstimateOfFairValueFairValueDisclosureMember eri:OtherLongTermDebtMember 2018-12-31 0001590895 us-gaap:EmployeeStockOptionMember 2019-07-01 2019-09-30 0001590895 us-gaap:EmployeeStockOptionMember 2018-07-01 2018-09-30 0001590895 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0001590895 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-09-30 0001590895 us-gaap:RestrictedStockUnitsRSUMember 2019-07-01 2019-09-30 0001590895 us-gaap:RestrictedStockUnitsRSUMember 2018-07-01 2018-09-30 0001590895 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001590895 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-09-30 eri:Lawsuit 0001590895 us-gaap:SubsequentEventMember 2019-11-06 2019-11-06 0001590895 eri:RecreationalEnterprisesIncMember 2019-09-30 0001590895 eri:CaranoFamilyMember 2019-01-01 2019-09-30 0001590895 eri:CaranoFamilyMember 2019-07-01 2019-09-30 0001590895 eri:CaranoFamilyMember 2018-01-01 2018-09-30 0001590895 eri:CaranoFamilyMember 2018-07-01 2018-09-30 0001590895 eri:CSAndYAssociatesMember 2019-09-30 0001590895 eri:CSAndYAssociatesMember 2019-01-01 2019-09-30 0001590895 eri:CSAndYAssociatesMember 2018-12-31 0001590895 eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2019-09-30 0001590895 eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2019-09-30 0001590895 eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2019-09-30 0001590895 eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2019-09-30 0001590895 eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2019-09-30 0001590895 eri:CorporateAndEliminationsMember 2019-09-30 0001590895 eri:WestSegmentMember us-gaap:OperatingSegmentsMember 2018-12-31 0001590895 eri:MidwestSegmentMember us-gaap:OperatingSegmentsMember 2018-12-31 0001590895 eri:SouthSegmentMember us-gaap:OperatingSegmentsMember 2018-12-31 0001590895 eri:EastSegmentMember us-gaap:OperatingSegmentsMember 2018-12-31 0001590895 eri:CentralSegmentMember us-gaap:OperatingSegmentsMember 2018-12-31 0001590895 eri:CorporateAndEliminationsMember 2018-12-31 0001590895 eri:WestSegmentMember 2019-09-30 0001590895 eri:MidwestSegmentMember 2019-09-30 0001590895 eri:SouthSegmentMember 2019-09-30 0001590895 eri:EastSegmentMember 2019-09-30 0001590895 eri:CentralSegmentMember 2019-09-30 0001590895 eri:WestSegmentMember 2018-12-31 0001590895 eri:MidwestSegmentMember 2018-12-31 0001590895 eri:SouthSegmentMember 2018-12-31 0001590895 eri:EastSegmentMember 2018-12-31 0001590895 eri:CentralSegmentMember 2018-12-31 0001590895 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-09-30 0001590895 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-09-30 0001590895 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-09-30 0001590895 srt:ConsolidationEliminationsMember 2019-09-30 0001590895 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-12-31 0001590895 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-12-31 0001590895 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-12-31 0001590895 srt:ConsolidationEliminationsMember 2018-12-31 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember eri:GamingAndPariMutuelCommissionsMember 2019-07-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember eri:GamingAndPariMutuelCommissionsMember 2019-07-01 2019-09-30 0001590895 eri:GamingAndPariMutuelCommissionsMember 2019-07-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:ParentCompanyMember eri:NonGamingMember 2019-07-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember eri:NonGamingMember 2019-07-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember eri:NonGamingMember 2019-07-01 2019-09-30 0001590895 eri:NonGamingMember 2019-07-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:ParentCompanyMember 2019-07-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember 2019-07-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember 2019-07-01 2019-09-30 0001590895 srt:ConsolidationEliminationsMember 2019-07-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember eri:GamingAndPariMutuelCommissionsMember 2018-07-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember eri:GamingAndPariMutuelCommissionsMember 2018-07-01 2018-09-30 0001590895 eri:GamingAndPariMutuelCommissionsMember 2018-07-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:ParentCompanyMember eri:NonGamingMember 2018-07-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember eri:NonGamingMember 2018-07-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember eri:NonGamingMember 2018-07-01 2018-09-30 0001590895 eri:NonGamingMember 2018-07-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:ParentCompanyMember 2018-07-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember 2018-07-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember 2018-07-01 2018-09-30 0001590895 srt:ConsolidationEliminationsMember 2018-07-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember eri:GamingAndPariMutuelCommissionsMember 2019-01-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember eri:GamingAndPariMutuelCommissionsMember 2019-01-01 2019-09-30 0001590895 eri:GamingAndPariMutuelCommissionsMember 2019-01-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:ParentCompanyMember eri:NonGamingMember 2019-01-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember eri:NonGamingMember 2019-01-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember eri:NonGamingMember 2019-01-01 2019-09-30 0001590895 eri:NonGamingMember 2019-01-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:ParentCompanyMember 2019-01-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember 2019-01-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember 2019-01-01 2019-09-30 0001590895 srt:ConsolidationEliminationsMember 2019-01-01 2019-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember eri:GamingAndPariMutuelCommissionsMember 2018-01-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember eri:GamingAndPariMutuelCommissionsMember 2018-01-01 2018-09-30 0001590895 eri:GamingAndPariMutuelCommissionsMember 2018-01-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:ParentCompanyMember eri:NonGamingMember 2018-01-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember eri:NonGamingMember 2018-01-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember eri:NonGamingMember 2018-01-01 2018-09-30 0001590895 eri:NonGamingMember 2018-01-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:ParentCompanyMember 2018-01-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:GuarantorSubsidiariesMember 2018-01-01 2018-09-30 0001590895 srt:ReportableLegalEntitiesMember srt:NonGuarantorSubsidiariesMember 2018-01-01 2018-09-30 0001590895 srt:ConsolidationEliminationsMember 2018-01-01 2018-09-30 0001590895 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember eri:TermLoanMember 2019-01-01 2019-09-30 0001590895 eri:TermLoanMember 2019-01-01 2019-09-30 0001590895 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember eri:SixPercentSeniorNotesDueTwoThousandTwentySixMember 2018-01-01 2018-09-30 0001590895 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2017-12-31 0001590895 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2017-12-31 0001590895 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2017-12-31 0001590895 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-09-30 0001590895 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-09-30 0001590895 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-09-30 0001590895 eri:CaesarsEntertainmentCorporationMember 2019-06-24 2019-06-24 0001590895 eri:CaesarsEntertainmentCorporationMember eri:FivePercentConvertibleSeniorNotesDueTwoThousandTwentyFourMember 2019-06-24 0001590895 eri:CaesarsEntertainmentCorporationMember eri:FivePercentConvertibleSeniorNotesDueTwoThousandTwentyFourMember 2019-06-24 2019-06-24 0001590895 eri:CaesarsEntertainmentCorporationMember 2019-06-24 0001590895 eri:CaesarsEntertainmentCorporationMember 2019-06-24 0001590895 eri:FormerCaesarsEntertainmentCorporationStockholdersMember eri:CaesarsEntertainmentCorporationMember 2019-06-24 0001590895 eri:SeniorSecuredRevolvingCreditFacilityMember eri:CaesarsEntertainmentCorporationMember 2019-06-24 0001590895 eri:SeniorSecuredTermLoanBFacilityMember eri:CaesarsEntertainmentCorporationMember 2019-06-24 0001590895 eri:SeniorSecuredThreeSixtyFourDayBridgeFacilityMember eri:CaesarsEntertainmentCorporationMember 2019-06-24 0001590895 eri:SeniorUnsecuredBridgeLoanFacilityMember eri:CaesarsEntertainmentCorporationMember 2019-06-24 0001590895 eri:SeniorSecuredIncrementalTermLoanBFacilityMember eri:CaesarsEntertainmentCorporationMember 2019-06-24 0001590895 eri:CaesarsEntertainmentCorporationMember eri:SeniorSecuredRevolvingCreditFacilityMember 2019-07-19

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2019

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period                 to                 

 

Commission File No. 

001-36629

ELDORADO RESORTS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada

46-3657681

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

100 West Liberty Street, Suite 1150, Reno, Nevada 89501

(Address and zip code of principal executive offices)

(775328‑0100

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.00001 par value

ERI

NASDAQ Stock Market

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non‑accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b‑2 of the Exchange Act.

 

Large accelerated filer

 

Accelerated filer

Non‑accelerated filer

 

Smaller reporting company

Emerging growth company

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b‑2 of the Exchange Act).    Yes      No  

The number of shares of the Registrant’s Common Stock, $0.00001 par value per share, outstanding as of November 4, 2019 was 77,769,501.

 

 

 

 


 

ELDORADO RESORTS, INC.

QUARTERLY REPORT FOR THE THREE MONTHS ENDED

SEPTEMBER 30, 2019

TABLE OF CONTENTS

 

 

 

Page

PART I. FINANCIAL INFORMATION

 

2

Item 1.

FINANCIAL STATEMENTS

 

2

 

Consolidated Balance Sheets at September 30, 2019 (unaudited) and December 31, 2018

 

2

 

Consolidated Statements of Income for the Three and Nine Months Ended September 30, 2019 and 2018 (unaudited)

 

3

 

Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2019 and 2018 (unaudited)

 

4

 

Consolidated Statements of Stockholders’ Equity for the Nine Months Ended September 30, 2019 and 2018 (unaudited)

 

5

 

Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2019 and 2018 (unaudited)

 

6

 

Condensed Notes to Consolidated Financial Statements (unaudited)

 

7

Item 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

44

Item 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

67

Item 4.

CONTROLS AND PROCEDURES

 

68

PART II. OTHER INFORMATION

 

69

Item 1.

LEGAL PROCEEDINGS

 

69

Item 1A.

RISK FACTORS

 

69

Item 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

78

Item 3.

DEFAULTS UPON SENIOR SECURITIES

 

78

Item 4.

MINE SAFETY DISCLOSURES

 

78

Item 5.

OTHER INFORMATION

 

78

Item 6.

EXHIBITS

 

79

SIGNATURES

 

80

 

1


 

PART I-FINANCIAL INFORMATION

Item 1.  Financial Statements.

ELDORADO RESORTS, INC.

CONSOLIDATED BALANCE SHEETS

(dollars in thousands)

 

 

 

September 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

 

(unaudited)

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS:

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

 

208,831

 

 

$

 

230,752

 

Restricted cash and investments

 

 

 

22,242

 

 

 

 

24,892

 

Marketable securities

 

 

 

20,433

 

 

 

 

16,957

 

Accounts receivable, net

 

 

 

48,150

 

 

 

 

60,169

 

Due from affiliates

 

 

 

2,823

 

 

 

 

327

 

Inventories

 

 

 

17,684

 

 

 

 

20,595

 

Income taxes receivable

 

 

 

 

 

 

 

15,731

 

Prepaid expenses

 

 

 

37,429

 

 

 

 

48,002

 

Assets held for sale

 

 

 

605,947

 

 

 

 

155,771

 

Total current assets

 

 

 

963,539

 

 

 

 

573,196

 

Investment in and advances to unconsolidated affiliates

 

 

 

129,796

 

 

 

 

1,892

 

Property and equipment, net

 

 

 

2,635,111

 

 

 

 

2,882,606

 

Gaming licenses and other intangibles, net

 

 

 

1,118,855

 

 

 

 

1,362,006

 

Goodwill

 

 

 

909,717

 

 

 

 

1,008,316

 

Right-of-use assets

 

 

 

245,344

 

 

 

 

 

Other assets, net

 

 

 

78,879

 

 

 

 

83,446

 

Total assets

 

$

 

6,081,241

 

 

$

 

5,911,462

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES:

 

 

 

 

 

 

 

 

 

 

Current portion of long-term debt

 

$

 

238

 

 

$

 

462

 

Accounts payable

 

 

 

50,024

 

 

 

 

58,524

 

Accrued property, gaming and other taxes

 

 

 

54,628

 

 

 

 

51,931

 

Accrued payroll and related

 

 

 

72,999

 

 

 

 

87,332

 

Accrued interest

 

 

 

34,637

 

 

 

 

42,780

 

Income taxes payable

 

 

 

15,425

 

 

 

 

47,475

 

Short-term lease obligation

 

 

 

21,963

 

 

 

 

 

Accrued other liabilities

 

 

 

108,999

 

 

 

 

102,982

 

Liabilities related to assets held for sale

 

 

 

56,058

 

 

 

 

10,691

 

Total current liabilities

 

 

 

414,971

 

 

 

 

402,177

 

Long-term financing obligation to GLPI

 

 

 

967,982

 

 

 

 

959,835

 

Long-term debt, less current portion

 

 

 

2,950,955

 

 

 

 

3,261,273

 

Deferred income taxes

 

 

 

224,877

 

 

 

 

200,010

 

Long-term lease obligation

 

 

 

229,297

 

 

 

 

 

Other long-term liabilities

 

 

 

166,381

 

 

 

 

59,014

 

Total liabilities

 

 

 

4,954,463

 

 

 

 

4,882,309

 

Commitments and contingencies (Note 14)

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS' EQUITY:

 

 

 

 

 

 

 

 

 

 

Common stock, 200,000,000 shares authorized, 77,545,678

   and 77,215,066 issued and outstanding, net of treasury shares, par value

   $0.00001 as of September 30, 2019 and December 31, 2018, respectively

 

 

 

1

 

 

 

 

1

 

Paid-in capital

 

 

 

756,225

 

 

 

 

748,076

 

Retained earnings

 

 

 

379,682

 

 

 

 

290,206

 

Treasury stock at cost, 223,823 shares held at September 30, 2019 and

   December 31, 2018

 

 

 

(9,131

)

 

 

 

(9,131

)

Accumulated other comprehensive income

 

 

 

1

 

 

 

 

1

 

Total stockholders’ equity

 

 

 

1,126,778

 

 

 

 

1,029,153

 

Total liabilities and stockholders’ equity

 

$

 

6,081,241

 

 

$

 

5,911,462

 

 

The accompanying condensed notes are an integral part of these consolidated financial statements.

2


 

ELDORADO RESORTS, INC.

CONSOLIDATED STATEMENTS OF INCOME

(dollars in thousands, except per share data)

(unaudited)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

REVENUES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Casino and pari-mutuel commissions

 

$

 

458,000

 

 

$

 

368,169

 

 

$

 

1,385,848

 

 

$

 

1,060,417

 

Food and beverage

 

 

 

78,435

 

 

 

 

58,153

 

 

 

 

229,072

 

 

 

 

164,644

 

Hotel

 

 

 

94,318

 

 

 

 

44,780

 

 

 

 

237,493

 

 

 

 

114,447

 

Other

 

 

 

32,428

 

 

 

 

16,151

 

 

 

 

83,712

 

 

 

 

44,739

 

Net revenues

 

 

 

663,181

 

 

 

 

487,253

 

 

 

 

1,936,125

 

 

 

 

1,384,247

 

EXPENSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Casino and pari-mutuel commissions

 

 

 

202,555

 

 

 

 

180,062

 

 

 

 

616,101

 

 

 

 

519,558

 

Food and beverage

 

 

 

60,406

 

 

 

 

45,381

 

 

 

 

180,288

 

 

 

 

134,927

 

Hotel

 

 

 

27,315

 

 

 

 

13,977

 

 

 

 

76,101

 

 

 

 

40,178

 

Other

 

 

 

12,092

 

 

 

 

9,315

 

 

 

 

34,064

 

 

 

 

25,030

 

Marketing and promotions

 

 

 

33,292

 

 

 

 

23,122

 

 

 

 

97,673

 

 

 

 

66,255

 

General and administrative

 

 

 

122,767

 

 

 

 

75,599

 

 

 

 

360,086

 

 

 

 

223,546

 

Corporate

 

 

 

13,014

 

 

 

 

9,217

 

 

 

 

50,819

 

 

 

 

33,018

 

Impairment charges

 

 

 

 

 

 

 

3,787

 

 

 

 

958

 

 

 

 

13,602

 

Depreciation and amortization

 

 

 

52,592

 

 

 

 

35,760

 

 

 

 

166,882

 

 

 

 

99,204

 

Total operating expenses

 

 

 

524,033

 

 

 

 

396,220

 

 

 

 

1,582,972

 

 

 

 

1,155,318

 

(Loss) gain on sale or disposal of property and equipment

 

 

 

(284

)

 

 

 

(110

)

 

 

 

21,668

 

 

 

 

(393

)

Proceeds from terminated sales

 

 

 

 

 

 

 

5,000

 

 

 

 

 

 

 

 

5,000

 

Transaction expenses

 

 

 

(12,442

)

 

 

 

(4,091

)

 

 

 

(21,628

)

 

 

 

(10,043

)

Loss from unconsolidated affiliates

 

 

 

(1,515

)

 

 

 

(63

)

 

 

 

(2,132

)

 

 

 

(116

)

Operating income

 

 

 

124,907

 

 

 

 

91,769

 

 

 

 

351,061

 

 

 

 

223,377

 

OTHER EXPENSE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

 

(71,897

)

 

 

 

(34,085

)

 

 

 

(217,205

)

 

 

 

(96,579

)

Loss on early retirement of debt, net

 

 

 

(1,204

)

 

 

 

 

 

 

 

(1,204

)

 

 

 

(162

)

Unrealized gain on restricted investments

 

 

 

3,318

 

 

 

 

 

 

 

 

460

 

 

 

 

 

Total other expense

 

 

 

(69,783

)

 

 

 

(34,085

)

 

 

 

(217,949

)

 

 

 

(96,741

)

Income before income taxes

 

 

 

55,124

 

 

 

 

57,684

 

 

 

 

133,112

 

 

 

 

126,636

 

Provision for income taxes

 

 

 

(18,069

)

 

 

 

(19,980

)

 

 

 

(38,892

)

 

 

 

(31,281

)

Net income

 

$

 

37,055

 

 

$

 

37,704

 

 

$

 

94,220

 

 

$

 

95,355

 

Net income per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

 

0.48

 

 

$

 

0.49

 

 

$

 

1.21

 

 

$

 

1.23

 

Diluted

 

$

 

0.47

 

 

$

 

0.48

 

 

$

 

1.20

 

 

$

 

1.22

 

Weighted average basic shares outstanding

 

 

 

77,721,353

 

 

 

 

77,522,664

 

 

 

 

77,657,553

 

 

 

 

77,445,611

 

Weighted average diluted shares outstanding

 

 

 

78,449,747

 

 

 

 

78,283,588

 

 

 

 

78,588,517

 

 

 

 

78,208,040

 

 

The accompanying condensed notes are an integral part of these consolidated financial statements.

 

 

3


 

ELDORADO RESORTS, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(dollars in thousands)

(unaudited)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

 

37,055

 

 

$

 

37,704

 

 

$

 

94,220

 

 

$

 

95,355

 

Other comprehensive income, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income, net of tax

 

$

 

37,055

 

 

$

 

37,704

 

 

$

 

94,220

 

 

$

 

95,355

 

 

The accompanying condensed notes are an integral part of these consolidated financial statements.

 

 

4


 

ELDORADO RESORTS, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(dollars in thousands)

(unaudited)

 

 

 

Common Stock