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Amid rumblings of strike, Allegiant posts record first-quarter profits

Allegiant Travel Co. had record first-quarter earnings, but it’s the prospect of a pilot strike that held most financial analysts’ attention in Wednesday’s company conference call. Las Vegas-based Allegiant, parent company of Allegiant Air, reported an 89.8 percent earnings increase of $64.9 million on revenue of $329.2 million compared with first-quarter 2014 earnings of $34.2 million on revenue of $302.5 million. Earnings per share more than doubled from $1.86 to $3.74.

Revenues, profits down for Las Vegas Sands Corp.

Las Vegas Sands Corp. revenues dropped below forecast nearly 25 percent in the first quarter of 2015. The company announced Wednesday its revenue for the quarter, which ended March 31, fell 24.9 percent to $3.01 billion compared with $4.01 billion in the first quarter of 2014, primarily due to softness in Macau.

Shares of Caesars fall sharply as debt talks fail

Shares of Caesars Entertainment fell $2.05, or 17 percent on Monday to close at $10. The casino operator said the company’s bankrupt operating division, Caesars Entertainment Operating Co., has been unable to reach a deal regarding the restructuring plan to cut “some” debt, Reuters reported.