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twitterCompany reports loss for June
Thursday, July 25, 2002 | 11:13 a.m.
The bankrupt Aladdin hotel-casino reported a $3.5 million loss in June, according to a statement of operations filed with the U.S. Bankruptcy Court in Las Vegas.
The company reported revenue of $16.9 million and expenses of $19 million for the month. It also reported $1.3 million in expenses related to its Chapter 11 filing.
In the previous month, the company showed $19.9 million in revenue and $19.5 million in expenses, plus $827,059 in bankruptcy expenses for a net loss of $423,369.
Owners of the $1.2 billion, 2,567-room property filed for bankruptcy in September and have said they are marketing it for sale rather than developing a reorganization plan for consideration by the bankruptcy court.
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