Las Vegas Sun

November 9, 2009

Currently: 69° | Complete forecast | Log in

Las Vegas slot route operator forecasts 2002 revenue jump

Tuesday, Jan. 21, 2003 | 11:04 a.m.

Slot route operator Herbst Gaming Inc. expects 2002 revenues to total about $250 million and 2002 cash flow to total between $39 million and $40 million.

That compares to revenues of $233.2 million in 2001 and cash flow of $35.2 million.

The company defines cash flow as earnings before extraordinary items, pre-opening expenses, interest, taxes, depreciation and amortization.

The privately held company also anticipates fourth quarter revenues to total $64 million and fourth quarter cash flow to be between $10 million and $11 million.

Comparative data wasn't available.

The company became Nevada's largest operator of slot machines in so-called restricted gaming locations -- including grocery stores, bars and convenience stores -- when it announced last month that it would acquire the Nevada slot route from slot machine maker International Game Technology.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 9 Mon
  • 10 Tue
  • 11 Wed
  • 12 Thu
  • 13 Fri

All events on Monday »