Friday, May 14, 2010 | 4:19 p.m.
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.
Westgate Las Vegas & Casino As the place where Elvis Presley broke all Vegas show attendance records when it was still called the International Hotel, the Westgate Las Vegas Resort & Casino is a time capsule of classic Vegas. Its name changed from the LVH - Las Vegas Hotel & Casino in early 2012.
While the feeling is traditional, the hotel has recently spent millions in renovations. From the guest rooms to the pool deck, all surfaces were remodeled. Crystal chandeliers hang from the ceiling of the 74,000 square-foot casino, where there is high limit slots. Just off from the casino, there is the world's largest race and sports book, the SuperBook, featuring 350 seats, 28 giant screens highlighted with a massive 15' x 20' screen for a grand total of more than 60 viewing monitors.
The dining choices at the property range from the award-winning Benihana, a Japanese steakhouse, to The Buffet, where guests can enjoy the wide selection of choices. After dinner, guests can take advantage of the star-studded entertainment. The hotel also makes it convenient to casino-hop as one of the stops on the Las Vegas Monorail.
3000 Paradise Road Las Vegas,
NV 89109 702-732-5111