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Aladdin Reports Profits Up From Year Ago

21 June 2004

Aladdin Gaming posted a profit of $6.9 million for May, up from a profit of $5.2 million in April and a loss of $6 million in May 2003, recent filings with the U.S. Bankruptcy Court in Las Vegas show.

Revenues for the troubled company were $30.5 million in May, up from $22 million the month before and $29 million a year earlier.

Expenses were $17.7 million in May, up from $16.3 million in April, but down from $29.3 million a year earlier.

The sale of the Aladdin to a group headed by Planet Hollywood International Chairman Robert Earl is expected to be considered by Nevada gaming regulators in July or August and to close around Labor Day.

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