Affinity Group chalks stronger Q3 results

Casino operator Affinity Gaming reported a slight uptick in operating income in the third quarter of 2016 as a result of refocused promotional campaigns and marketing programs.

In a regulatory filing on Monday, the Las Vegas-based casino operator reported its strongest quarter of the year for property level adjusted cash flow, with its operating income for the July to September period up by 0.7 percent to $9.1 million, compared to the $9.04 million of the same period.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of Affinity, on the other hand, rose by 6.4 percent to $17.71 million in the third quarter, ahead of 2015’s third quarter EBITDA of $16.64 million.

Michael Silberling, Chief Executive Officer of Affinity, pointed out that the continued growth in adjusted EBITDA allows them to generate gains in free cash.