Casino revenue reports

Jun 6, 2011 7:00 PM

American Casino & Entertainment Properties LLC, owners of the Stratosphere and both Arizona Charlie’s properties in Las Vegas, and the Aquarius in Laughlin, Nev., reported a loss of $6.2 million in the first quarter. This compared to last year’s loss of $2.7 million. Revenues fell about 1.5 percent.

Scientific Games Corp. (SGMS) blamed the sale of its horse racing businesses, as well as other one-time events for the loss of $6.9 million or $0.08 per share during the first quarter. Last year, the company showed a profit of $4.9 million or $0.05 per share.

Churchill Downs Inc. (CHDN) said its first quarter loss fell from last year’s $8.66 million or $0.64 per share to this year’s $3.1 million or $0.19 per share. Net revenues, however, rose to $131 million from last year’s $85 million.

Strong sales of gambling chips in Macau helped Gaming Partners International Corp. (GPIC) to see its first quarter rise to $1.7 million or $0.21 per share from the 2010 profit of $37,000 or $0.00 per share. Revenues jumped to $17.8 million from $10.9 million.