Las Vegas Sun NewsGaming:
Aliante boosts quarterly casino revenue
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Shown in October 2008, before its opening, Aliante Station Casino and Hotel in North Las Vegas 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 said today its casino and 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, and this month the property's owners installed new managers there because 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 said it grew casino revenue year-over-year from $12.8 million to $13.8 million, with a 4.9 percent improvement in slot revenue and a 15.3 percent 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 and beverage revenue held steady at almost $3.3 million.
All of the figures cover the quarter that ended Sept. 30 when Station still managed the property.
The investors who now own the hotel-casino have been offering new promotions, entertainment and dining options and a revised player loyalty program in hopes of maintaining strong revenue following Station's departure.
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I'm wondering how a neighborhood casino is getting $75-85 per night for rooms and keeping almost a 90 percent occupancy rate.
I don't believe 1 word of this story. Expect them to file for bankruptcy and Stations to retake the Casino. They know how to run a Bankrupt Casino!
I like how it is stated that, 'the managment contract expired,' It didn't just expire, Stations managment was fired by the new owners, but it took this long for the transition.