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SANDS REGENT'S 3Q EARNINGS SLIP

Nov 14, 2001 11:48 PM

The Sands Regent in Reno reported third quarter revenues of $9 million, a 10% drop from the $10.1 million reported last year.

Income from operations also declined from $1.4 million to $915,000, or $.10 per diluted share from $.16 reported last year.

The company attributed $500,000 of the decline to elimination of the Palm Court restaurant, a 24-hour coffee shop that was replaced by in independent operator, Original Mels.