![]() Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! |
Gaming News
Herbst Gaming Reports Strong Q1 Results7 May 2002LAS VEGAS – (Press Release) -- Herbst Gaming, Inc. ("HGI" or "Company") today announced the results of its operations for the first quarter ended March 31, 2002. The Company reported net revenues of $61.5 million for the first quarter ended March 31, 2002, an increase of seven percent, or $4.0 million, compared with $57.6 million in the prior year's quarter. Net income was $1.6 million for the first quarter of 2002, an increase of 208 percent or $1.1 million, compared with net income of $0.5 million in the prior year's quarter. Earnings before extraordinary items, pre-opening expenses, interest, taxes, depreciation and amortization (EBITDA) were $10.1 million for the first quarter ended March 31, 2002, an increase of 12 percent or $1.1 million, compared with EBITDA of $9.0 million for the first quarter 2001. |