STATIONS’ NET INCOME SLIPS 50%

April 23, 2001 8:12 PM
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Station Casinos today reported first quarter net income of $11.4 million or 19 cents a share, a 50% decline from the $22.3 million and 35 cents a share from a year ago.

Stations also reported a 12.9 percent decrease in sales at properties open for a year or more, and predicted that newly-acquired properties (The Reserve, Fiesta and Santa Fe Station) would see “sequential improvement” by the second half of the year.