Affinity Gaming loses $2.3 million in third quarter

LAS VEGAS REVIEW-JOURNAL

November 16, 2011 - 9:06 am

Affinity Gaming suffered a third- quarter net loss of $2.3 million, due mainly to the three-month closure of a Missouri casino due to flooding.

The company, formerly known as Herbst Gaming, said its net revenue for the quarter ended Sept. 30 was $103.9 million compared with $112.6 million in the same quarter a year ago, a decline of 7.7 percent.

A year ago the company reported net income of $3.3 million.

Affinity is restructuring. It is selling its Nevada slot machine route operations to both Golden Gaming and JETT Gaming; its two Pahrump casinos to Golden Gaming; and its Searchlight casino to JETT.

Affinity acquired Golden Gaming’s three casinos in Black Hawk, Colo.

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