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Affinity Gaming (AFGA) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Affinity Gaming

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CIK: 1499268 Ticker: AFGA



EXHIBIT 99.1



FOR IMMEDIATE RELEASE

AFFINITY GAMING ANNOUNCES NET REVENUE INCREASES 1.9%
AND ADJUSTED EBITDA RISES 29.8% FOR THE YEAR ENDED DECEMBER 31, 2015
2015 Fourth Quarter Marks Fifth Consecutive Period of Adjusted EBITDA
Growth and All Operating Segments Generated Adjusted EBITDA Growth in Q4 and the Full Year

Las Vegas, NV - March 23, 2016 - Affinity Gaming (“Affinity” or the “Company”) today announced results for the three-month and full-year periods ended December 31, 2015. Driven primarily by operating and marketing efficiencies, Affinity generated a 31.0% year-over-year increase in operating income, excluding an $20.2 million goodwill impairment in the fourth quarter and 59.8% year-over-year growth in operating income before the goodwill impairment for the twelve-month period. Adjusted EBITDA improved 15.2% and 29.8%, respectively, for the three- and twelve-month periods ended December 31, 2015 compared with the same periods in 2014.

“Our strong fourth quarter results and our fifth consecutive quarter of Adjusted EBITDA growth reflect management’s ongoing initiatives to drive operating efficiencies along with our successful rationalization of marketing promotions and spending across the portfolio,” said Michael Silberling, Affinity’s Chief Executive Officer. “The rise in quarterly net revenues, combined with our disciplined operating approach, drove a 15.2% increase in Adjusted EBITDA to $13.1 million, and a 170 basis point expansion in Adjusted EBITDA margin, reflecting growth in each of our three regional operating segments.

“Our operating improvements were broad based as all of our properties achieved year-over-year Adjusted EBITDA growth in the quarter. With a strong fourth quarter, for the full year 2015, we reported a 29.8% Adjusted EBITDA increase over 2014 full year results. Overall results benefited from increased customer counts and trips at higher play levels combined with our ongoing focus to engage with customers that generate profitable revenue. I commend all Affinity team members for their commitment to executing on our plans for growth, customer service and the enhancement of shareholder value. While our 2015 success has been impressive, we believe our plans to implement additional operating efficiency initiatives will continue to deliver material improvements in our consolidated Adjusted EBITDA and margins,” concluded Mr. Silberling.



The following information was filed by Affinity Gaming (AFGA) on Wednesday, March 23, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Condensed Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Consolidated Statements Of Owners' Equity
Accrued Expense
Accrued Expense (schedule Of Accrued Expense) (details)
Accrued Expense (tables)
Commitments And Contingencies
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (schedule Of Change In Asset Retirement Obligation) (details)
Commitments And Contingencies (schedule Of Future Minimum Lease Payments Under Non-cancelable Leases) (details)
Commitments And Contingencies (tables)
Condensed Consolidated Guarantor Data
Condensed Consolidated Guarantor Data (condensed Consolidating Balance Sheet) (details)
Condensed Consolidated Guarantor Data (condensed Consolidating Statement Of Cash Flows) (details)
Condensed Consolidated Guarantor Data (condensed Consolidating Statement Of Operations) (details)
Condensed Consolidated Guarantor Data (tables)
Discontinued Operations
Discontinued Operations (schedule Of Operating Results For Discontinued Operations And Narrative) (details)
Discontinued Operations (tables)
Employee Benefit Plans
Employee Benefit Plans (narrative) (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (narrative) (details)
Goodwill And Other Intangible Assets (schedule Of Future Amortization Expense Related To Definite-lived Intangible Assets) (details)
Goodwill And Other Intangible Assets (schedule Of Goodwill By Segment) (details)
Goodwill And Other Intangible Assets (schedule Of Intangible Assets) (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (schedule Of Deferred Tax Assets And Liabilities) (details)
Income Taxes (schedule Of Deferred Tax Assets And Liabilities, Current And Non-current) (details)
Income Taxes (schedule Of Effective Income Tax Rate Reconciliation) (details)
Income Taxes (schedule Of Income Tax Provision) (details)
Income Taxes (tables)
Long-term Debt
Long-term Debt (narrative) (details)
Long-term Debt (schedule Of Carrying Values And Estimated Fair Values Of Debt Instruments) (details)
Long-term Debt (schedule Of Long-term Debt Balances) (details)
Long-term Debt (schedule Of Redemption Price Percentage For Notes) (details)
Long-term Debt (tables)
Organization, Consolidation And Presentation Of Financial Statements
Organization, Consolidation And Presentation Of Financial Statements (narrative) (details)
Other Assets
Other Assets (schedule Of Other Assets) (details)
Other Assets (tables)
Property And Equipment
Property And Equipment (schedule Of Property And Equipment) (details)
Property And Equipment (tables)
Related Party Transactions
Related Party Transactions (narrative) (details)
Restricted Cash
Segment Information
Segment Information (details)
Segment Information (tables)
Selected Quarterly Financial Information
Selected Quarterly Financial Information (schedule Of Quarterly Financial Information) (details)
Selected Quarterly Financial Information (tables)
Share-based Compensation
Share-based Compensation (narrative) (details)
Share-based Compensation (schedule Of Nonvested Share Activity) (details)
Share-based Compensation (schedule Of Stock Option Information) (details)
Share-based Compensation (summary Of Exercisable Stock Options) (details)
Share-based Compensation (summary Of Outstanding And Non-vested Options Activity) (details)
Share-based Compensation (tables)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (correction Of Immaterial Error And Reclassifications) (details)
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (schedule Of Promotional Allowances And Casino Expense) (details)
Summary Of Significant Accounting Policies (tables)
Write Downs, Reserves And Recoveries
Write Downs, Reserves And Recoveries (schedule Of Write Downs, Reserves And Recoveries) (details)
Write Downs, Reserves And Recoveries (tables)
Ticker: AFGA
CIK: 1499268
Form Type: 10-K Annual Report
Accession Number: 0001628280-16-012933
Submitted to the SEC: Wed Mar 23 2016 5:25:52 PM EST
Accepted by the SEC: Wed Mar 23 2016
Period: Thursday, December 31, 2015
Industry: Hotels And Motels

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