Riviera loss widens - 2004-02-10
Losses at the parent company of the Riviera hotel-casino widened partially because the company won less from gamblers in Las Vegas and spent funds on a successful effort to defeat a referendum that would have legalized slot machines at race tracks in Colorado.
Riviera Holdings Corp., which also owns a casino in Black Hawk, Colo., today reported a loss of $6.7 million in the fourth quarter compared to a loss of $3.9 million in the same period a year ago. On a per share basis, the company lost $1.93 compared to $1.13 a year earlier.
Revenue at the Las Vegas casino rose on improved slot play and room revenue, however, executives said.
Read the full story at Las Vegas Sun