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November 25, 2009

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Brief: LV gaming company generates higher profit

Thursday, Oct. 22, 1998 | 11:51 a.m.

The Las Vegas company earned $1.5 million, or 31 cents per share, on revenues of $32.2 million in the quarter, up from a loss of $1.8 million, or 37 cents per share, on revenues of $37.6 million in the year-ago quarter.

Cash flows increased from $8.8 million last year to $9.2 million.

Lady Luck said its results were affected by a bridge accident that restricted access to its Mississippi facility for part of the quarter, as well as by the sale of its interest in three casinos.

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