Coast Resorts posts results
Monday, Jan. 24, 2000 | 11:37 a.m.
Coast Resorts Inc. said today revenue rose 9.1 percent to a record $362.5 million in 1999 from $332.4 million in 1998.
The privately held company, which owns the Orleans, Gold Coast and Barbary Coast hotel-casinos, also said cash flow jumped 21.9 percent to $78 million in 1999 from $64 million in 1998.
The results were disclosed at a high-yield bond conference in Florida today. Coast Resorts is also building the $185 million Suncoast hotel-casino on Rampart Boulevard in the Summerlin area that's expected to open next fall.
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