Lakes Gaming reports net
Wednesday, April 21, 1999 | 11:31 a.m.
The Minneapolis-based company was spun off from Grand Casinos Inc. Jan. 4, so comparative results weren't presented.
The company said expansion of the gaming area and hotel at the Grand Casino Coushatta helped boost revenue from Lakes' management contracts with Indian casinos 19 percent over the 1998 first quarter.
Lakes Chairman Lyle Berman said the performance at both of its Louisiana operations -- Grand Casino Avoyelles and Grand Casino Coushatta -- improved from the 1998 period.
"Lakes is also actively pursuing new development opportunities," Berman said.
"With total assets in excess of $175 million, and cash of more than $63 million, Lakes has the balance-sheet strength to support a significant business enterprise."
Grand Casinos, Lakes' former parent company, was acquired by Park Place Entertainment in January after Park Place was divested by Hilton Hotels Corp.
archive
- Most Read
- Discussed
- Most E-mailed
- Two second-graders involved in shooting at bus stop
- Trainers scuffle at Manny Pacquiao, Miguel Cotto weigh-in
- Sean ‘Diddy’ Combs among stars in Las Vegas for Manny Pacquiao-Miguel Cotto fight
- Hooters reports loss, says Chapter 11 possible
- Live Blog: Pacquiao wins by TKO in round twelve
- Gaming Control Board recommends licensing of CityCenter
- Clubs want to be ‘good citizen,’ so stripper-mobile ends its run
- Las Vegas club agrees to halt promotion featuring live dancers on truck
- Nuclear plant in Ely could complicate radioactive waste, water issues
- Police seek man who stole $2,000 worth of clothing
Blogs
The Kats Report
New face of Monte Carlo includes all the faces of Caliendo
The Greene Room
Predicting this weekend's Mountain West football slate (1 Comment)
Top Chef: Las Vegas
Top Chef Episode 11: Child's play
Miech Again
UNLV prez Smatresk is ready for some basketball (9 Comments)
Politics: The Early Line
Harry Reid's fourth TV ad begins running today
The Greene Room
Chad Ochocinco vs. Anderson Silva? That would be a sight ... (5 Comments)
Top Chef: Las Vegas
The Jet Stream: The three stages of chefdom
Calendar »
- 15 Sun
- 16 Mon
- 17 Tue
- 18 Wed
- 19 Thu
-
Actor's Expo at Rave Motion Pictures
Rave Motion Pictures Town Square 18 | 3 p.m. to 5 p.m.
-
Lily Tomlin at the Hollywood Theatre
Hollywood Theatre at MGM Grand
-
Neil Sedaka at the Orleans
Orleans Hotel-Casino
-
Supernatural Santana – A Trip Through the Hits at The Joint
The Joint
The Sun
Locally owned and independent for more than 50 years.
Technorati





