Golden Nugget revenue falls 19 percent
Revenue at the Golden Nugget hotel-casinos in Las Vegas and Laughlin fell 19.8 percent to $56 million during the first quarter, according to financial filings by parent company Landry’s Restaurants Inc.
At the same time financing cost increases for a new hotel tower at Golden Nugget in Las Vegas helped push the company’s interest expenses up 18.3 percent to $24.6 million, according to today’s filing with the U.S. Securities and Exchange Commission.
Landry’s, which owns several restaurant chains including Chart House, Rainforest Cafe and Saltgrass Steak House, reported a same-store sales decline of 9 percent in the quarter.
