Stations Casinos reported a growth of 4 percent in net revenue in the second quarter compared to the same period in 2014. The 7.8 million of net revenue topped the 1.7 million in 2014, while net income was down with .8 reported compared to .4 million in the same quarter last year.
Marc Falcone, CFO and executive vice president of Station, pointed towards a better growth plan and growing local economy for the rise. “Not only has Las Vegas replaced the majority of the jobs that were lost, today’s job base is more diverse than it was in 2007 and forecasts project that the majority of sectors will continue to produce steady growth,” Falcone said in a conference call.
In addition to the Las Vegas properties, Station manages tribal casinos in Graton, California and Gun Lake, Michigan. Management fees have improved 33 percent year-over-year according to Falcone, which is attributable to better operating results.
