| 10-Q | 2020-09-30 | Filed 2020-11-06 |
| 10-Q | 2020-06-30 | Filed 2020-08-06 |
| 10-Q | 2020-03-31 | Filed 2020-05-11 |
| 10-K | 2019-12-31 | Filed 2020-02-27 |
| 10-Q | 2019-09-30 | Filed 2019-11-07 |
| 10-Q | 2019-06-30 | Filed 2019-08-01 |
| 10-Q | 2019-03-31 | Filed 2019-05-06 |
| 10-K | 2018-12-31 | Filed 2019-02-28 |
| 10-Q | 2018-09-30 | Filed 2018-11-02 |
| 10-Q | 2018-06-30 | Filed 2018-08-02 |
| 10-Q | 2018-03-31 | Filed 2018-05-04 |
| 10-K | 2017-12-31 | Filed 2018-03-01 |
| 10-Q | 2017-09-30 | Filed 2017-11-03 |
| 10-Q | 2017-06-30 | Filed 2017-08-03 |
| 10-Q | 2017-03-31 | Filed 2017-05-04 |
| 10-K | 2016-12-31 | Filed 2017-03-02 |
| 8-K | 2020-11-07 | Exhibits |
| 8-K | 2020-11-05 | Earnings, Exhibits |
| 8-K | 2020-10-23 | |
| 8-K | 2020-09-18 | Enter Agreement, Off-BS Arrangement, Exhibits |
| 8-K | 2020-09-15 | Other Events, Exhibits |
| 8-K | 2020-09-14 | Enter Agreement, Off-BS Arrangement, Regulation FD, Other Events, Exhibits |
| 8-K | 2020-08-05 | Earnings, Exhibits |
| 8-K | 2020-05-29 | |
| 8-K | 2020-05-27 | |
| 8-K | 2020-05-19 | |
| 8-K | 2020-05-18 | |
| 8-K | 2020-05-11 | |
| 8-K | 2020-05-08 | |
| 8-K | 2020-04-24 | |
| 8-K | 2020-03-20 | |
| 8-K | 2020-03-16 | |
| 8-K | 2020-02-26 | |
| 8-K | 2020-02-20 | |
| 8-K | 2020-01-27 | |
| 8-K | 2020-01-15 | |
| 8-K | 2019-11-06 | |
| 8-K | 2019-09-13 | |
| 8-K | 2019-09-02 | |
| 8-K | 2019-08-28 | |
| 8-K | 2019-07-31 | |
| 8-K | 2019-05-06 | |
| 8-K | 2019-05-05 | |
| 8-K | 2019-04-26 | |
| 8-K | 2019-02-27 | |
| 8-K | 2019-02-22 | |
| 8-K | 2019-01-25 | |
| 8-K | 2018-11-01 | |
| 8-K | 2018-06-30 | |
| 8-K | 2018-04-27 | |
| 8-K | 2018-03-31 | |
| 8-K | 2018-03-06 | |
| 8-K | 2018-03-05 | |
| 8-K | 2017-12-31 |
| Comps ($MM TTM) | Market Cap | Gross Margin | EV/EBITDA | Ret on Assets | Assets | Liabilities | Revenue | G Profit | Net Income | EBITDA | EV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Intercontinental Hotels Group (IHG) | 10,223 | 0% | 3,753 | 4,830 | 0 | 0 | 0 | 0 | 10,021 | ||
| Huazhu Group (HTHT) | 9,184 | 0% | 23,993 | 17,674 | 0 | 0 | 0 | 0 | 13,112 | ||
| Caesars Entertainment (CZR) | 7,858 | 0% | 15.0 | -3% | 25,475 | 23,008 | 8,688 | 0 | -693 | 1,003 | 15,034 |
| Hyatt Hotels (H) | 7,781 | 0% | 8.9 | 6% | 8,129 | 4,368 | 4,986 | 0 | 489 | 968 | 8,584 |
| Park Hotels & Resorts (PK) | 5,937 | 0% | 18.0 | 2% | 11,620 | 5,167 | 2,720 | 0 | 245 | 539 | 9,691 |
| Wyndham Hotels & Resorts (WH) | 5,373 | 0% | 18.6 | 3% | 4,630 | 3,388 | 2,088 | 0 | 135 | 396 | 7,366 |
| Choice Hotels (CHH) | 4,949 | 0% | 19.1 | 15% | 1,374 | 1,431 | 1,092 | 0 | 212 | 304 | 5,794 |
| Sunstone Hotel Investors (SHO) | 3,092 | 0% | 9.9 | 4% | 3,899 | 1,186 | 1,123 | 0 | 175 | 331 | 3,285 |
| Eldorado Resorts (ERI) | 3,030 | 0% | 5.2 | 2% | 6,081 | 4,954 | 2,608 | 0 | 94 | 546 | 2,811 |
| Hilton Grand Vacations (HGV) | 2,966 | 0% | 9.2 | 9% | 3,038 | 2,544 | 2,012 | 0 | 264 | 389 | 3,577 |
| Boyd Gaming (BYD) | 2,773 | 0% | 10.9 | 2% | 6,678 | 5,430 | 3,285 | 0 | 156 | 582 | 6,362 |
| Extended Stay America (STAY) | 2,719 | 0% | 10.8 | 4% | 4,155 | 2,911 | 1,224 | 0 | 181 | 453 | 4,887 |
| Belmond (BEL) | 2,563 | 0% | 35.6 | -0% | 1,676 | 1,036 | 454 | 0 | -4 | 90 | 3,205 |
| Xenia Hotels & Resorts (XHR) | 2,407 | 25% | 10.9 | 5% | 3,159 | 1,373 | 1,143 | 287 | 144 | 310 | 3,361 |
| Penn National Gaming (PENN) | 2,252 | 0% | 5.0 | 1% | 14,318 | 12,379 | 5,115 | 0 | 94 | 866 | 4,318 |
| Red Rock Resorts (RRR) | 1,469 | 0% | 14.7 | 0% | 4,127 | 3,345 | 1,827 | 0 | 16 | 300 | 4,409 |
| Platinum Eagle Acquisition (EAGL) | 1,058 | 47% | 19.7 | 1% | 608 | 467 | 245 | 115 | 6 | 74 | 1,465 |
| Playa Hotels & Resorts (PLYA) | 1,027 | 0% | 17.3 | -0% | 2,144 | 1,320 | 644 | 0 | -1 | 115 | 1,987 |
| Monarch Casino & Resort (MCRI) | 774 | 17% | 14.9 | 6% | 565 | 232 | 247 | 41 | 33 | 50 | 745 |
| Century Casinos (CNTY) | 259 | 0% | 15.1 | 1% | 340 | 153 | 197 | 0 | 4 | 19 | 285 |
| Balance Sheet ($MM) | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 | 2019-03-31 | 2019-06-30 | 2019-09-30 |
| Cash | 318 | 306 | 357 | 379 | 280 | 438 | 415 | 425 | 290 | 480 | 364 |
| Accounts Receivable | 180 | 188 | 158 | 125 | 138 | 180 | 176 | 153 | 172 | 186 | 193 |
| Inventory | |||||||||||
| PP&E | 10,459 | 10,512 | 10,555 | 10,358 | 10,082 | 10,094 | 10,134 | 10,033 | 10,043 | 9,855 | 12,133 |
| Assets | 9,840 | 9,817 | 9,803 | 9,714 | 9,336 | 9,451 | 9,355 | 9,363 | 9,394 | 9,431 | 11,620 |
| Accounts Payable | |||||||||||
| Long-Term Debt | 2,973 | 2,957 | 2,958 | 2,958 | 2,958 | 2,958 | 2,958 | 4,118 | |||
| Liabilities | 3,869 | 3,816 | 3,780 | 3,752 | 3,621 | 3,694 | 3,627 | 3,777 | 3,814 | 3,855 | 5,167 |
| Stockholders' Equity | 5,971 | 6,001 | 6,070 | 6,011 | 5,765 | 5,806 | 5,774 | 5,632 | 5,628 | 5,622 | 6,497 |
| Income Statement ($MM) | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 | 2019-03-31 | 2019-06-30 | 2019-09-30 |
| Revenue | 684 | 733 | 688 | 686 | 668 | 731 | 652 | 686 | 659 | 703 | 672 |
| Cost of Revenue | |||||||||||
| Gross Profit | |||||||||||
| R&D | |||||||||||
| SG&A | 16 | 15 | 16 | 17 | 22 | 14 | |||||
| Tax | 0 | -19 | -44 | -2 | 0 | 13 | 0 | 7 | 5 | 0 | |
| Net Income | 2,350 | 115 | 105 | 61 | 150 | 218 | 55 | 55 | 97 | 84 | 9 |
| Cash Flow ($MM) | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 | 2019-03-31 | 2019-06-30 | 2019-09-30 |
| Cash Operating | 141 | 133 | 184 | 195 | 43 | 147 | 72 | 172 | 105 | ||
| Cash Investing | -37 | -49 | -39 | -40 | 325 | 6 | 2 | 109 | -966 | ||
| Cash Financing | -124 | -96 | -95 | -144 | -468 | -175 | -209 | -91 | 745 | ||