{"id":7840,"date":"2014-08-14T18:21:04","date_gmt":"2014-08-14T18:21:04","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/08\/14\/nongaming-revenue-helps-stratosphere-arizona-charlies-parent\/"},"modified":"2014-08-14T18:21:04","modified_gmt":"2014-08-14T18:21:04","slug":"nongaming-revenue-helps-stratosphere-arizona-charlies-parent","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/08\/14\/nongaming-revenue-helps-stratosphere-arizona-charlies-parent\/","title":{"rendered":"Nongaming revenue helps Stratosphere, Arizona Charlies\u2019 parent"},"content":{"rendered":"<p><!-- Original Post Content --><br \/>\n<img decoding=\"async\" src=\"http:\/\/i60.tinypic.com\/se5egh.jpg\" alt=\"\" \/><\/p>\n<p>\tHoward Stutz, Las Vegas Review-Journal <br \/>\n\tStratosphere and Arizona Charlies\u2019 parent company said Wednesday nongaming revenue helped fuel the company\u2019s second-quarter results.<\/p>\n<p>\tAmerican Casino &amp; Entertainment Properties said its overall net revenue for the quarter than ended June 30 increased 1.1 percent to $89.4 million. The company\u2019s profits increased from $100,000 in the second quarter of 2013 to $1.7 million in the current quarter.<\/p>\n<p>\tIn a statement, American Casino said increases in revenue from hotel and restaurant operations offset a 2.4 percent decline in gaming revenue. The company said its experienced lower volume in slot machine wagering and table game activity during the quarter.<\/p>\n<p>\tThe Stratosphere\u2019s net revenue increased 4.3 percent in the quarter, which included a 9 percent increase in hotel revenue.<\/p>\n<p>\tHowever, the company\u2019s two Arizona Charlie\u2019s casinos saw net revenue decrease 4.2 percent, primarily due to a 5.7 percent decrease in casino revenue.<\/p>\n<p>\tAmerican Casino also operates the Aquarius in Laughlin, which grew revenue 1.2 percent in the quarter.The company\u2019s cash flow fell 4.1 percent to $18.5 million in the quarter, due primarily to several tax expenses.<\/p>\n<hr>\n<h3>Replies:<\/h3>\n<p>No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Howard Stutz, Las Vegas Review-Journal Stratosphere and Arizona Charlies\u2019 parent company said Wednesday nongaming revenue helped fuel the company\u2019s second-quarter results. American Casino &amp; Entertainment Properties said its overall net revenue for the quarter than ended June 30 increased 1.1&#8230;<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7840","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7840"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7840\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}