Casino news from http://www.earthtimes.org:80/
Net revenue for the third quarter of 2006 increased 26.4% to $553.2 million compared to $437.6 million in the prior year's quarter. Adjusted net income (excluding loss on disposal of assets, pre-opening expense, and development expense) increased 32.1% for the third quarter of 2006, improving to $117.6 million, or adjusted earnings per diluted share of $0.33, versus adjusted net income (excluding pre-opening expense, development expense, loss on disposal of assets, and expense related to a litigation settlement) of $89.0 million, or adjusted earnings per diluted share of $0.25, in the third quarter of 2005. On a GAAP (Generally Accepted Accounting Principles) basis, net income in the third quarter of 2006 was $97.3 million, or $0.27 per diluted share, compared to $80.1 million, or $0.23 per diluted share, in the third quarter of 2005.
Consolidated adjusted property EBITDAR in the third quarter of 2006 came in at $202.6 million, an increase of 28.9% compared to $157.1 million in the year-ago quarter. Operating income improved to $133.5 million versus $108.5 million in the third quarter of 2005. |
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