Twin River Worldwide Holdings, Inc (NYSE:TRWH) Q3 2019 Earnings Conference Call - Final Transcript
Nov 14, 2019 • 05:00 pm ET
Stephen H. Capp
adjusted EBITDA to a pure free cash flow, after capex, after interest, you get the free cash flow, ours is a $28 million higher than you would expect to see if we were not in the lottery system of gaming in these two states.
So that's just a word, call it, action, if you will, that we think there is more bite to our EBITDA than rest of the industry has. Feel free to give me call if you want to going to walk through the math on that. We mentioned -- we've mentioned this ad dollars on couple of prior roadshows. It's real cash, it flows to the bottom line, it's real purchasing power at the free cash flow level. We think it's pretty powerful relative to the overall size of our EBITDA in the company.
So those are my comments, I'm going to turn it back to George. Thanks for your attention.
Well, thank you, Steve. With that, I'll ask the operator to open it up for your questions.