- Nevada Gold & Casinos (UWN +0.1%) reports Q2 revenue decrease of 10.4% Y/Y to $14.35M.
- Net revenues from the Washington State gaming operations increased to $14.4M (+4.3% Y/Y) & adj. EBITDA increased to $2M (+17.6% Y/Y).
- Club Fortune revenues were $3.2M (-5.9% Y/Y) & adj. EBITDA declined by 50% Y/Y to $0.2M.
- South Dakota slot route operations provided no revenue or EBITDA in the current quarter.
- Corporate adj. EBITDA was negative $0.7M.
- On a consolidated basis, adj.EBITDA was $1.4M compared to $1.3M (NYSE:MMM) Y/Y.
- The Company paid down $1.1M in debt during the fiscal year.
- The unrestricted cash balance was $9.8M, and total outstanding borrowing was $6.9M.
- The Company anticipates closing on the Club Fortune sale on December 31, 2018, and the Maverick merger & acquisition transaction in Q1 2019.
- Previously: Nevada Gold & Casinos reports Q2 results (Dec. 17 2018)
- Now read: FTC grants antitrust clearance for Flexographic Packaging Division sale
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