Adjusted EBITDA
Adjusted EBITDA (Earnings before interest, taxes, depreciation, amortization and minority interest) is not considered a measure of performance recognized as an accounting principle generally accepted in the United States of America. Management believes that Adjusted EBITDA is a valuable measure of the relative performance among its operating segments. The gaming industry commonly uses Adjusted EBITDA as a method of arriving at the economic value of a casino operation. It is also used by our lending institutions to gauge operating performance. Management uses Adjusted EBITDA to compare the relative operating performance of separate operating units by eliminating the interest income, interest expense, income tax expense, depreciation, amortization and minority interest expense associated with the varying levels of capital expenditures for infrastructure required to generate revenue, and the often high cost of acquiring existing operations.
mid-size casino market
Regional mid-size casinos are smaller in scale compared to the large Las Vegas strip resorts, but more importantly, they fit harmoniously into the existing social and architectural structure of their surroundings and cater to the local population as well as visitors and tourists.
mid-size casinos
Regional mid-size casinos are smaller in scale compared to the large Las Vegas strip resorts, but more importantly, they fit harmoniously into the existing social and architectural structure of their surroundings and cater to the local population as well as visitors and tourists.
