Las Vegas Sun

March 28, 2024

Aztar Corp. earnings

COMMENTS: The highlight of Aztar's first quarter was the very strong performance of the company's riverboat casino in Evansville, Ind. In its first full quarter of operations, Casino Aztar Evansville generated revenues of $25.9 million and operating cash flow of $9.3 million, resulting in an operating cash flow margin in excess of 35 percent. Both of Aztar's Nevada operations posted revenue and operating cash flow gains in the quarter. New marketing initiatives at the Tropicana were especially productive, helping drive revenues up more than 20 percent and operating cash flow up more than 50 percent, officials for the Phoenix-based company said. In Laughlin, revenues increased more than 3 percent and operating cash flow margin improved to 30 percent. (NYSE: AZR)

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