ELSO from Yahoo profile
Business Summary
Elsinore Corporation is a registered a publicly traded holding company of Four Queens, Inc. the licensed operator of
the Four Queens Hotel and Casino in Las Vegas, Nevada and a wholly owned subsidiary of the Company. Four
Queens also holds a casino service license in New Jersey allowing it to distribute its casino game "Multiple Action
Blackjack." Four Queens currently distributes the game to eight casinos in New Jersey. The Four Queens Casino is
located on a leased site of approximately two acres adjacent to the Golden Nugget Hotel & Casino in the heart of
Fremont Street in downtown Las Vegas. The property features approximately 690 hotel rooms, including 45 suites,
30,000 square feet of casino space, two full-service restaurants, two fast-service restaurants, three cocktail lounges,
a gift shop, two retail concessions, 14,600 square feet of function space and approximately 565 parking spaces.
Financial Summary
Elsinore Corporation is a holding company whose subsidiary, Four Queens, Inc., is the licensed operator of the Four
Queens Hotel and Casino in Las Vegas, Nevada. For the fiscal year ended 12/31/99, revenues rose 2% to $56.8
million. Net loss applicable to Common fell 91% to $136 thousand. Results reflect the management's significant
reduction of allowances for casino and slot marketing promotions pursuant to a revised policy on complimentary
benefits.
Recent Earnings Announcement
For the 3months ended 03/31/2000, revenues were 15,772; after tax earnings were 1,714. (Preliminary; reported in
thousands of dollars.) |
