76°F
weather icon Clear

Tropicana Las Vegas revenues up, but company reports loss

Revenues at the Tropicana Las Vegas increased by more than $10 million in the second quarter as the company benefited from completion of most of the renovations planned for the landmark Strip hotel-casino.

Tropicana Las Vegas Hotel and Casino Inc. Thursday said revenue for the second quarter ended June 30 was $24.4 million, up from $13.8 million in the same period a year ago.

Despite improvement in revenues, the company reported a loss of $9.4 million in the second quarter, down from $11.2 million in the 2010 quarter.

For the first six months of 2011, the Tropicana earned $41.1 million, compared to $26.8 million in the same period last year. Its net loss also declined to $18.4 million, down from $21.1 million for the first six months of 2010.

In an earnings report, the company said it has completed $124.4 million of its $143.5 million renovation project.

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
Vegas-sized rival? Massive casino to open in California next month

A new $600M tribal casino — with gaming space big enough to rival the MGM Grand, the Bellagio, Aria and Mandalay Bay — is scheduled to open its doors next month in California.

 
Bellagio fountain ‘yacht’ sets sail on maiden voyage

The handcrafted Italian watercraft, named Fortuna, was hoisted by crane into the resort’s lake for its maiden voyage as part of a publicity campaign for Carbone Riviera, a new restaurant opening this fall at Bellagio.

MORE STORIES