Affinity Gaming in Las Vegas reported nearly million in profits during the third quarter, which is a .5 million reversal from a year ago.
Affinity, which owns 11 casinos in four states, said it has a 2.7 percent rise in net revenue, with $102 million in net revenue reported. Affinity said its cash flow also rose by 33 percent.
“More than half our properties delivered double or triple digit growth rates,” Affinity CEO Michael Silberling said in a statement. “Overall results benefited from an increased customer counts and trips at higher play levels combined with our ongoing focus to engage with customers that generate profitable revenue.”
Affinity runs five properties in Nevada, including the Silver Sevens in Las Vegas and three casinos in Primm, and said their combined net revenue grew to $61.5 million, which is a 6.1 percent growth rate. Cash flow grew by nearly 84 percent.
Affinity cited higher hotel and casino revenues in Nevada plus increased sales at its gas station in Primm as primary causes of the financial turnaround.
Outside of Nevada, Affinity reported a 1.6 percent decline in revenues at its casinos in Iowa and Missouri, and a 3 percent decline at its Colorado casinos.
For the year, Affinity reported a 2.3 percent rise in revenue and 34 percent increase in cash flow through the first three quarters of 2015.
