14 November 2012
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.