Financial

The Baird/STR Hotel Stock Index remained flat in August at 4,872. Year to date through the first eight months of 2018, the stock index was down 0.3%.

Total revenues increased 20.3% year-over-year from RMB193.9 million for the second quarter of 2017 to RMB233.4 million (US$35.3 million)[1] for the second quarter of 2018. Total revenues increased 21.7% year-over-year from RMB360.2 million for the first half of 2017 to RMB438.3 million (US$66.2 million) for the first half of 2018.

8 percent revenue growth – 26 percent EBITDA growth – 15 crore profit after tax

The Company’s net income attributable to common shareholders was $32 million, which decreased by $24 million from the same period in 2017. The second quarter 2017 benefited from $11 million of gains from the sale of two assets last year.

Second quarter reported diluted EPS totaled $1.71, a 34 percent increase from prior year results. Second quarter adjusted diluted EPS totaled $1.73, a 56 percent increase over second quarter 2017 adjusted results

H1 Comparable RevPAR: Americas = 3.2% (US = 2.7%); EMEAA = 3.0%, Greater China = 10.1%

The Baird/STR Hotel Stock Index rose 0.2% in July to 4,874. Year to date through July, the stock index was down 0.3%.

Eldorado Resorts, Inc. (NASDAQ: ERI) yesterday reported operating results for the second quarter ended June 30, 2018. Separately, Eldorado also announced that at a meeting earlier yesterday, the Illinois Gaming Board approved the Company’s pending acquisition of the Grand Victoria Casino in Elgin, IL.

Raises Full-Year Outlook for RevPAR Growth, Earnings and Shareholder Capital Returns – Declares $0.15 Cash Dividend for the Third Quarter

Net income was $21 million for the second quarter; adjusted net income was $73 million, a 43% increase over the prior-year quarter.