Las Vegas Sun

May 20, 2019

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Las Vegas Hilton reports loss in first quarter

The Las Vegas Hilton swung to a loss during the first quarter of 2010 as revenue fell, according to a filing with the Securities and Exchange Commission on Friday.

The hotel-casino reported a loss of $2.1 million during the first quarter, compared to a $3 million profit in the same period of 2009.

Net revenue fell by 10.8 percent, from $60.4 million in the first quarter of 2009 to $53.9 million in the first quarter of 2010.

Casino revenue decreased by 17.4 percent to $19.6 million during the quarterly period.

For the first quarter of 2010, room revenue was $20.8 million, a decrease of $1.9 million from the first quarter of 2009. The property didn't include average daily room rates and occupancy numbers in the filing.

Food and beverage revenue remained relatively unchanged for the quarter at $16.1 million.

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