Also looking ahead to a Louisiana development was Pinnacle Entertainment Inc. (PNK), the Las Vegas-based company that has a $368 million project underway in Baton Rouge.
As for its quarterly financial experience, the company said it had reduced its loss to $1 million of $0.02 per share compared to last year’s first quarter loss of $2.4 million or $0.04 per share.
Revenues during the period rose 4.6 percent to $293 million, primarily reflecting improvements at the company’s two projects in the St. Louis, Mo., area. The company said it enjoyed greater profit from its hotel, shopping and gambling businesses, as well as from its food and beverage operations.
Louisiana’s state-regulated casinos all won less money in April than in March. The drop totals $35.8 million. The exceptions were 8.7 percent increases at both L’Auberge Lake Charles and the slots casino at the New Orleans Fair Grounds.
Atlantic City’s Revel formally completed a Chapter 11 restructuring that saw it wipe away $1.2 billion of its $1.5 billion in debt, in return for granting lenders an 82 percent ownership stake.
Cantor Gaming announced today it has released future odds on NFL season wins. The company is offering advanced wagering on weeks 1 through 16 of the NFL season, in addition to wagering on NFL season win totals, Division odds and Super Bowl odds.
Terrible’s Hotel & Casino began its transition to a new identity by uninstalling its iconic Terrible’s Cowboy neon sign on Monday. The property will become the Silver Sevens Hotel & Casino in July.
Vegas Sports Books | The LVH Super Book threw out all kinds of cool NFL stuff on Sunday that will give bettors something to chew on for a while. They posted their games of the year along with their season win totals.
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