CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!

Gaming News

 

Archon Year End Results Down

5 January 2004

LAS VEGAS -- (Press Release) -- Archon Corporation (OTC Bulletin Board: ARHN), a company headquartered in Las Vegas, announced today the financial results for the fiscal year ended September 30, 2003.

For the year ended September 30, 2003, the Company reported net revenues of $46.2 million as compared to revenues of $48.8 million in fiscal 2002. The Pioneer Hotel and Gambling Hall reported net revenues of $31.9 million in fiscal 2003, a 10.0% decrease when compared to net revenues of $35.5 million for fiscal 2002.

The Company reported net loss applicable to common shares of $9.1 million, or $1.47 per common share, as compared to net loss applicable to common shares of $9.3 million, or $1.50 per common share, in fiscal 2002.

Selected financial data is included in the Company's Annual Report on Form 10-K, filed today with the Securities and Exchange Commission.

< Gaming News