Company reports higher quarterly earnings

Wednesday, Oct. 18, 2000 | 11:07 a.m.

Coast Resorts Inc. of Las Vegas reported revenues of $99.6 million for the quarter ending Sept. 30, up nearly 13 percent from the year-ago quarter.

Coast reported cash flow of $21.1 million for the quarter, up 32.2 percent from the year-ago period.

Coast President Harlan Braaten attributed the gains to improved results at the Orleans, Gold Coast and Barbary Coast in Las Vegas. Company results were also boosted by the first 19 days of operation at Suncoast, which opened near Summerlin Sept. 12. Suncoast's early operating results, Braaten said, "have actually exceeded our expectations."

No further details were provided by the company in a Tuesday release, issued after Braaten announced the company's preliminary, unaudited quarterly results at an analyst and investors conference in Las Vegas.

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