RENO, Nev.–Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado” or the “Company”) announced today that Bret Yunker has been named Chief Financial Officer, effective May 2, 2019, subject to customary regulatory approvals. Mr. Yunker will assume the CFO position from Thomas (Tom) R. Reeg, the Company’s Chief Executive Officer, who on an interim basis has also served as the Company’s Chief Financial Officer following his appointment as Chief Executive Officer on January 1, 2019.
Mr. Yunker brings more than twenty years of gaming industry investment banking experience to his new role at Eldorado, most recently serving as Managing Director at J.P. Morgan in its Real Estate Investment Banking group with primary coverage responsibility for the gaming industry. In this role, he worked with clients across several sectors within the gaming industry, including casino operators, gaming equipment and system suppliers, REITs, lottery service providers and online gaming companies.
Mr. Yunker began his banking career in 1998, serving for fourteen years in various investment banking roles including as Managing Director at Bank of America Merrill Lynch. His work with clients over the last twenty years includes broad geographic coverage including North America, Europe, Asia and other emerging markets.
At Eldorado, Mr. Yunker will be responsible for all of the Company’s financial and treasury functions including financial reporting, bank relationships, conducting internal and industry analysis to support the Company’s goals for growth, investor relations, and M&A activity.
Tom Reeg commented on Mr. Yunker’s appointment, “Bret brings deep perspectives on our industry and company, proven financial expertise and extensive industry relationships to the CFO position. His background will be an invaluable asset to Eldorado’s senior management team, Board of Directors and our accomplished finance and accounting departments as we seek to continue to build value for our shareholders. He will be an integral part of our efforts to grow our Company.”
Mr. Yunker added, “I have been impressed with Eldorado’s ability to execute a well-defined strategic growth plan that includes identifying accretive acquisitions and applying its integration and operational expertise to reduce acquisition multiples and grow free cash flow. I am excited to join the Eldorado team and look forward to working with Tom, Anthony Carano, corporate and property-level management and the Board of Directors to achieve the Company’s strategic and financial goals.”
