Harrah's posts 4th quarter increase - 2004-02-05
Revenue at Harrah's New Orleans Casino had risen 3 percent in the fourth quarter of 2003 compared with the same period last year, and the casino's cash flow, or EBITDA, earnings before interest, taxes, depreciation and amortization, was up a record 44 percent during the quarter, Harrah's officials revealed in an earnings conference call Wednesday.
The Canal Street casino's parent company, Harrah's Entertainment Inc., attributed the gains to more VIP play at the casino and more foot traffic because of the buffet expansion, new steakhouse and other changes at the property.
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