Las Vegas Nv Blog

Aliante boosts quarterly casino revenue

November 14, 2012
by lasvegasnvblog
Image

Leila Navidi

Shown in October 2008, before its opening, Aliante Station Casino & Hotel in North Las Vegas NV will be managed by its new owner as the Aliante Casino + Hotel.

Wednesday
14 November 2012
2:22 p.m.

The Aliante hotel-casino in North Las Vegas NV asserted today its casino & hotel room revenue improved during the third quarter, while its overall finances remained steady from a year ago.

The company’s net revenue of $17.9 million was up 5.6 percent, while it posted a quarterly loss of $115,000, down from a $156,000 loss from a year ago.

Aliante was spun out of the Station Casinos bankruptcy last year, & this month the property’s owners installed new managers there 'cause Station’s management contract for the property expired.

While several Las Vegas-area locals casino operators have reported sluggish business or declines in revenue during the third quarter, the 200-room Aliante asserted it grew casino revenue year-over-year from $12.8 million to $13.8 million, with a 4.9 % improvement in slot revenue & a 15.3 % gain in table games revenue.

Hotel room revenue increased by about $100,000 to $1.56 million. Occupancy at the hotel was steady at 89 percent, while the average daily rate improved from $74 to $82.

Food & beverage revenue held steady at almost $3.3 million.

All of the figures cover the quarter in that ended Sept. 30 when Station still managed the property.

The investors who now own the hotel-casino have been offering new promotions, entertainment & dining options & a revised player loyalty program in hopes of maintaining strong revenue following Station’s departure.

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