EXHIBIT 99.1



FOR IMMEDIATE RELEASE


AFFINITY GAMING SECOND QUARTER OPERATING INCOME
INCREASES 17.3% AND ADJUSTED EBITDA RISES 10.1%
2016 Second Quarter Marks Sixth Consecutive Period of Double-Digit Adjusted EBITDA Growth


Las Vegas, NV - August 15, 2016 - Affinity Gaming (“Affinity” or the “Company”) today announced operating results for the second quarter and six months ended June 30, 2016 as summarized below:
 
Quarter Ended June 30,
 
 
 
Six Months Ended June 30,
 
 
($ in thousands)
2016
 
2015
 
Change
 
2016
 
2015
 
Change
Total Net Revenue
$
94,658

 
$
101,511

 
(6.8
)%
 
$
190,408

 
$
198,489

 
(4.1
)%
Operating Income
11,829

 
10,085

 
17.3
 %
 
24,221

 
20,847

 
16.2
 %
Net Income
1,783

 
797

 
123.7
 %
 
4,894

 
557

 
778.6
 %
Adjusted EBITDA (1)
19,376

 
17,591

 
10.1
 %
 
39,578

 
35,813

 
10.5
 %
(1)
See “Reconciliation of Adjusted EBITDA” at the end of this release for a definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to operating income.

Michael Silberling, Affinity’s Chief Executive Officer, commented on the results, “The 2016 second quarter was another active and productive period for Affinity Gaming. During the quarter our property level teams extended their success in driving more profitable play in our gaming operations, managing costs and growing Adjusted EBITDA margins. Our focus on elevating the effectiveness of our promotional campaigns and refining our marketing programs is leading to higher margin revenue at our properties, which when combined with process improvements and realized cost efficiencies drove a 10.1% increase in 2016 second quarter Adjusted EBITDA to $19.4 million. The 2016 second quarter Adjusted EBITDA growth is on top of our 39% growth in 2015 second quarter Adjusted EBITDA and marks our sixth consecutive quarter of double digit Adjusted EBITDA improvements. In addition, our success in building operating efficiencies led to a 320 basis point improvement in 2016 second quarter Adjusted EBITDA margin to 20.5%.”

During the second quarter, Affinity’s Nevada segment generated double-digit Adjusted EBITDA growth of 11.0%. In the Nevada segment, the combined Primm casinos, the Company’s largest location, continues to benefit from improvements in the effectiveness and efficiency of marketing and promotional campaigns as well as improved labor utilization. The increased Adjusted EBITDA at Primm is particularly impressive in light of the declines in traffic along Interstate 15 resulting in a decrease in fuel gallons sold while fuel prices have dropped year over year combining to cause a $2.2 million decrease in fuel and retail revenue while increasing Adjusted EBITDA at the service centers. The Adjusted EBITDA margin for the Nevada segment rose approximately 380 basis points to 21.9% in the 2016 second



The following information was filed by Affinity Gaming (AFGA) on Monday, August 15, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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