If we look at March 31, 2020, then the eldorado resorts (NASDAQ:ERI at https://www.webull.com/quote/nasdaq-eri ) had an outstanding debt of 3 billion dollars. Total cash and cash equivalents were $671.7 million. Results for Presque Isle Downs and Nemacolin are excluded from the results of operations for the first quarter of 2019. Results for Mountaineer, Cape Girardeau, and Caruthersville have also been excluded from the results of operations for the first quarter of 2019 as they were divested to Century Casinos in December 2019. This article is intended to provide insights on same-store results and does not conform to GAAP or the Securities and Exchange Commission rules.
Net revenue for the West Region properties for the quarter ended March 31, 2020, declined 10.7% to $105.5 million compared to $118.1 million in the prior-year period. The segment reported an operating loss of $97.5 million versus an operating income of $10.8 million in the prior-year quarter. West Region first quarter decreased 18.4% to $19.6 million and the Adjusted EBITDA margin decreased approximately 175 basis points to 18.6%. Net revenue for the Midwest Region properties for the quarter ended March 31, 2020, decreased 16.1% to $60.8 million compared to $72.5 million in the prior-year period. The segment reported an operating loss of $19.4 million versus an operating income of $21.3 million in the prior-year quarter.
Adjusted EBITDA declined 21.1% to $21.8 million compared to $27.6 million in the prior year as the margin for the segment decreased approximately 225 basis points to 35.8%. Net revenue for the South Region properties for the quarter ended March 31, 2020, declined approximately 26.9% to $97.1 million compared to $132.7 million in the prior-year period while the segment reported an operating loss of $11.2 million versus operating income of $27.5 million in the prior-year quarter. South Region 2020 first-quarter Adjusted EBITDA declined to $17.7 million versus $38.7 million in the year-ago period.
Net revenue for the East Region properties for the quarter ended March 31, 2020, declined approximately 15.6% to $108.1 million compared to $128.0 million in the prior-year period and operating income decreased to $11.0 million from $24.4 million in the prior-year period. East Region 2020 first quarter declined 35.7% to $22.3 million compared to $34.7 million in the prior-year period as the Adjusted EBITDA margin declined approximately 650 basis points to 20.6%. You can do stock trading from stock trading companies . Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.