nameMatt Maddox
roleCEO
linkedin none on file
contactnot published
filings
| 2018-02-07 | leadership change | receipt |
| 2013-11-07 | leadership change | receipt |
| 2021-11-09 | earnings-call quote | receipt |
quotes
If we just jump to the results and get to business here, in Las Vegas, we made $183 million of EBITDA. And that's not a whole bunch of cost savings that are going to go away over time. Again, you sustain the margin, et cetera. Only $15 to $18 million of that $183 came from cost savings. The rest of it, we're taking market share. Over the last four years, we've opened a 400,000 square foot convention facility. We built a new golf course. We have changed out 40 of our 60 retail stores to become the shopping destination. We restructured our club so that margins went from 7% to almost 30%. We've raised our prices in our hotels, seeing straight flow through. Every area, we're taking share, casino included. We are not only outpacing all of our results, but we're taking share from the market. I knew coming in that we needed to cater to a demographic that was in more the 30 to 50s on top of our current demographic in the baby boomer generation. We've opened lots of new restaurants. In fact, one of the new ones, Delilah, if you call right now, you can't get in until February. I've never seen anything like it. And while that's one restaurant, it's an example of all the changes that we've made that have really set the foundation for when Las Vegas to take off like a rocket ship.
Nov 9, 2021 / CEO / receipt, needs a key / Matt Maddox, CEO | earnings call 2021-11-09 | transcript 886c52a0-e0d1-4fbc-b061-541ebd8d520b | chars 3041-4329 | segment 3
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