Arizona Charlie's Decatur News - Page 3

American Casino & Entertainment Properties lost $6.7 million for the third quarter of 2015.

The casino operator with four locations in Nevada lost $6.7 million in the quarter that ended Sept. 30, compared to $600,000 net income in the same period in 2014.

American Casino & Entertainment Properties says the company was driven by higher revenues across all business segments.

American Casino & Entertainment Properties profited $8 million in the first quarter of 2015, compared to $4.5 million in the same period last year.

American Casino & Entertainment Properties said Thursday its net income of $200,000 for the quarter that ended Dec. 31 reversed a net loss of $2.8 million for the same period a year ago.

American Casino & Entertainment Properties reversed third-quarter net loss and grew revenue 4.1 percent, the company said.

American Casino & Entertainment Properties said its overall net revenue for the quarter that ended June 30 increased 1.1 percent to $89.4 million.

American Casino said Monday the company had a net income of $4.5 million for the quarter that ended March 31. A year ago, the company reported a net loss of $3 million for the same quarter.

ACEP reported first quarter Net Income of $4.5 million for 2014 compared to a Net Loss of $3.0 million for the first quarter of 2013.

The company said its net revenue during the quarter fell 1.6 percent to $84.4 million.

American Casino & Entertainment Properties reported net income of roughly $100,000 in the quarter than ended June 30, compared with a net loss of $2.8 million in the same quarter a year ago.

American Casino & Entertainment Properties, which operates the Stratosphere, offset its losses with increased revenue at its other properties.

American Casino said net revenues in the quarter declined 3.1 percent to $79 million.

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American Casino & Entertainment Properties said Friday its net loss for the three months that ended Sept. 30 was $3.3 million. In the same quarter a year ago, the company lost $4.2 million.

Focusing on the gambler is what helped the two Arizona Charlie's casinos survive a crippling recession.

American Casino and Entertainment's second-quarter loss in 2011 was also $2.8 million. Year-over-year revenue held steady at more than $87 million, but cash-flow fell 12.1 percent, from $19.9 million to $17.5 million.

American Casino & Entertainment Properties reported a fourth quarter net loss of $7 million, down from a net loss of $17.4 million a year ago.

American Casino & Entertainment Properties LLC, owner of the Stratosphere, on Thursday posted a bigger first-quarter loss than a year earlier and a moderate decline in revenues.

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