Resorts International Hotel and Casino, Inc. Reports Results for the Quarter and Year Ended December 31, 2003 - 2004-02-09
Resorts International Hotel and Casino, Inc. ("Resorts"), which owns and runs Resorts Atlantic City, a casino/hotel in Atlantic City, NJ, today released its operating results for the fourth quarter and year ended December 31, 2003.

Earnings before interest, taxes, depreciation, and amortization for the fourth quarter was $1.7 million in comparison to $4.5 million in the previous years quarter. For the year ended December 31, 2003, Resorts' EBITDA was $28.6 million as compared to $36.5 million in the prior year period.

Losses from operations for the quarter were $1.8 million as compared to income of $33,000 in the fourth quarter of 2002. For the year ended December 31, 2003, Resorts' income from operations was $18.6 million as compared to $26.4 million for the same period of 2002.
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Latest casino push running its course - 2004-02-09
Aside from the flashing lights, the ringing slots, and the payoffs for the winners, gaming enthusiasts are certain casinos have an additional enticing feature to offer states that allow them: Revenue.

For years, lawmakers and lobbyists who want to bring casinos and slot machines to the Bay State have argued that they will help boost sagging revenues and help reduce the the state budget deficit.

Supporters estimated that a plan last year to allow three casinos and slot machines at the state's racetracks could yield up to $500 million for the state, at a time state leaders were struggling with a $3 billion hole in the budget.
Read the full story at North Adams Transcript