Updated 

Parent of Stratosphere, Arizona Charlie’s narrows quarterly loss


The company that owns the Stratosphere and the two Arizona Charlie’s casinos said Tuesday it reduced its fourth-quarter net loss.

American Casino & Entertainment Properties said it lost $2.8 million in the fourth quarter that ended Dec. 31, compared with a net loss of $8.3 million in the same quarter of 2012.

The company said net revenue for the quarter was $78.3 million, a less than 1 percent decrease from the same quarter a year ago.

For all of 2013, American Casino saw net revenue decline less that 1 percent to $337.4 million, while its overall net loss of $15.1 million compared to a net loss of $15.8 million in 2012.

The Stratosphere contributed 44 percent of the company’s revenues in 2013.

American Casino also operates Arizona Charlie’s on the Boulder Highway and Decatur Boulevard and the Aquarius in Laughlin.

Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871.Follow @howardstutz on Twitter.

 

Comment section guidelines

The below comment section contains thoughts and opinions from users that in no way represent the views of the Las Vegas Review-Journal or Stephens Media LLC. This public platform is intended to provide a forum for users of reviewjournal.com to share ideas, express thoughtful opinions and carry the conversation beyond the article. Users must follow the guidelines under our Commenting Policy and are encouraged to use the moderation tools to help maintain civility and keep discussions on topic.