Investor Presentaiton

Isle of Capri LTM 1Q FY 2017 EBITDA Reconciliation EBITDA Reconciliation for the Twelve Months Ended July 24, 2016 (In $000's) Adjusted EBITDA ELDORADO RESORTS isle. capri Operating Income Depreciation & Amortization Stock-Based Compensation Pre-Opening Expense Exit Agreement Expense Adjusted EBITDA Note: Pro forma for the sale of Lake Charles $116,571 $71,141 $5,004 $750 $870 $194,336 22 22

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