Eldorado Resorts Promotes Anthony Carano to Chief Operating Officer, Executive Vice President
Names Ed Quatmann Chief Legal Officer, Executive Vice President
Eldorado Resorts, Inc. (NASDAQ:ERI) (“Eldorado,” or “the Company”) announced today that Anthony L. Carano, who has served as
Executive Vice President of Operations since August 2016, has been named Chief Operating Officer, Executive Vice President,
effective immediately. Mr. Carano has served as General Counsel and Secretary to the Company since 2014. Eldorado also announced
that Edmund L. Quatmann, Jr. has been appointed Chief Legal Officer, Executive Vice President, effective immediately. Mr. Quatmann
served since July 2008 as Chief Legal Officer of Isle of Capri Casino, Inc. (Eldorado Resorts completed its acquisition of Isle of
Capri earlier today). Mr. Carano and Mr. Quatmann will report directly to Eldorado Resorts Chairman and Chief Executive Officer,
Gary Carano, and both appointments are subject to customary regulatory approvals.
Gary Carano, commented on the appointments, “We are delighted to announce Anthony’s promotion and Ed’s appointment to the
Eldorado team following our acquisition of Isle of Capri and the addition of its twelve casino–resorts to the Company’s property
portfolio. As we have meaningfully increased the scale of our regional gaming platform, Anthony’s detailed knowledge of our
operations, and our operating disciplines that focus on margin enhancement and customer service, will be invaluable in managing the
operations of our properties and the successful integration of the acquired Isle of Capri properties.
“Having worked closely with Ed through the negotiation and completion of our acquisition of Isle of Capri, we are confident that
his breadth of relevant gaming industry legal experience, energy and record of accomplishment make him the ideal candidate to
manage our legal strategies and activities and lead our in-house and external legal teams. We look forward to benefiting from
Anthony’s and Ed’s counsel on strategic initiatives as we position the Company to optimize the results of our expanded diversified
regional gaming platform while continuing to pursue additional growth opportunities that can build further value for our
shareholders.”
As Chief Operating Officer, Anthony Carano will be responsible for the Company’s regional gaming operations, marketing,
procurement and food and beverage functions. Prior to joining Eldorado Resorts as Executive Vice President, General Counsel and
Secretary of the Company in September 2014, Mr. Carano was an attorney at the Nevada law firm of McDonald Carano Wilson, LLP where
his practice was devoted primarily to transactional, gaming and regulatory law. Mr. Carano holds a JD from the University of San
Francisco, School of Law, has an MBA in Finance from the University of San Francisco, School of Business and holds a BA in Business
Management from the University of Nevada.
As Chief Legal Officer, Mr. Quatmann will oversee all of the Company’s legal and regulatory affairs. In addition, Mr. Quatmann
will oversee the compliance and risk functions for the Company. Prior to joining Isle of Capri in 2008, he served as Senior Vice
President, General Counsel and Secretary for iPCS, Inc., a NASDAQ-traded telecommunications company. Prior to that, he worked in
the corporate and securities practice of the Chicago office of Mayer Brown LLP. Mr. Quatmann is a graduate of Purdue University and
earned his law degree from St. Louis University School of Law.
About Eldorado Resorts, Inc.
Eldorado Resorts is a leading casino entertainment company that owns and operates nineteen properties in ten states, including
Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio, Pennsylvania and West Virginia. In aggregate, Eldorado’s
properties feature approximately 20,300 slot machines and VLTs, more than 550 table games and over 6,500 hotel rooms. For more
information, please visit www.eldoradoresorts.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements
regarding our strategies, objectives and plans for future development or acquisitions of properties or operations, as well as
expectations, future operating results and other information that is not historical information. Although our expectations, beliefs
and projections are expressed in good faith and with what we believe is a reasonable basis, there can be no assurance that these
expectations, beliefs and projections will be realized. There are a number of risks and uncertainties that could cause our actual
results to differ materially from those expressed in the forward-looking statements. Such risks, uncertainties and other important
factors include, but are not limited to: Eldorado’s ability to promptly and effectively integrate the business of Eldorado and Isle
and realize synergies resulting from the combined operations; our substantial indebtedness and the impact of such obligations on
our operations and liquidity; competition; sensitivity of our operations to reductions in discretionary consumer spending and
changes in general economic and market conditions; governmental regulations and increases in gaming taxes and fees in jurisdictions
in which we operate; and other risks and uncertainties described in our reports on Form 10-K, Form 10-Q and Form 8-K.
These forward-looking statements speak only as of the date of this press release, even if subsequently made available on our
website or otherwise, and we do not intend to update publicly any forward-looking statement as a result of new information, future
events or otherwise, except as may be required by law.
Eldorado Resorts, Inc.
Thomas Reeg, 775-328-0112
President and Chief Financial Officer
investorrelations@eldoradoresorts.com
or
JCIR
Joseph N. Jaffoni, Richard Land, 212-835-8500
eri@jcir.com
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