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Revenue Increases for Lake Tahoe Casino Operator27 September 2000LAKE TAHOE, NORTHERN NEVADA – Sept 27, 2000 -- Casino operator Harveys Casino Resorts reported a third quarter profit of $8 million on record revenue of $125 million vs. $7.2 million or $88 million in the year-ago quarter. The company reported cash flow EBITDA -- operating income excluding non-recurring items, plus depreciation and amortization -- of $34 million, up from $25 million in the 1999 quarter. Harveys has a casino resort at Lake Tahoe in Northern Nevada as well as properties in Council Bluffs, Iowa, and Central City, Colo. It's buying casino owner Pinnacle Entertainment. |