Aliante Station post profit in 2011


Aliante Station on Tuesday posted a $573,000 profit during the final two months of 2011 after the hotel-casino in North Las Vegas emerged from bankruptcy. The resort was turned over to creditors, owed more than $378 million, during the Station Casinos Inc. bankruptcy.

The property reported net revenues of $12.8 million for the last two months of 2011.

TPG Capital, Apollo Global Management LLC and other lenders formed an ownership group titled ALST Casino Holdco LLC to operate the casino-resort. Aliante Station has 202 rooms, and a casino equipped with 2,007 slot machines, 36 table games, restaurants and a 16-screen movie theater.

 

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