Lakes Entertainment (LACO) Reports Q1 Loss of $0.13
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Lakes Entertainment Announces Results for First Quarter 2015
May 6, 2015 6:30 AM EDTMINNEAPOLIS--(BUSINESS WIRE)-- Lakes Entertainment, Inc. (NASDAQ: LACO) today announced results for the three months ended March 29, 2015.
First Quarter Results
Lakes Entertainment reported first quarter 2015 net revenues of $12.8 million, compared to prior-year first quarter net revenues of $12.3 million. Net revenues were related to the operation of Rocky Gap Casino Resort near Cumberland, Maryland (Rocky Gap). The increase in net revenues was primarily related to an increase in gaming revenues during the first quarter of 2015 compared to the first quarter of 2014.
Net losses for the first quarter of 2015 were approximately $1.7 million,... More
