Press Release: Coast Resorts, Inc.
August 15, 2000
LAS VEGAS, NV -- Coast Resorts, Inc., yesterday announced unaudited results for the Company's second quarter ended
June 30, 2000. The Company posted record results for revenues and EBITDA (earnings before interest, taxes, depreciation,
amortization and deferred rent), as a result of increases at all three of its Las Vegas hotel-casinos.
For the quarter, revenues increased 6.7% to $94.5 million in 2000 compared to $88.6 million in 1999. EBITDA increased
15.5% to $22.0 million in 2000 compared to $19.1 million in the prior year.
For the first six months of 2000, revenues increased 8.7% to $194.1 million compared to $178.6 million in 1999.
EBITDA increased 20.7% to $49.3 million compared to $40.9 million in 1999.
Coast Resorts, Inc. is a Nevada-based gaming company that, through its wholly owned subsidiary, Coast Hotels and
Casinos, Inc., operates three Las Vegas hotel-casinos, the Barbary Coast, the Gold Coast and The Orleans, and is
currently constructing a fourth, the Suncoast. The Suncoast, located in the west end of the Las Vegas valley, has
a construction budget of $185 million and is scheduled to open in September 2000.
Statements in this press release, other than those based on historical fact, are intended to be forward looking
statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. The statements are subject to risks and uncertainties, including increased competition, both in Nevada
and other jurisdictions, dependence on the Las Vegas area and the Southern California region for a majority of
the Company's customers and risks associated with construction. The historical results reported herein are not
necessarily an indication of future prospects for the Company. Actual results in future periods may differ materially.
SOURCE: Coast Resorts, Inc.