I was just reading some of the financial information from Poster
Financial Group (new owners of Nugget in Laughlin and Las Vegas) for
the 1st quarter. They mention some information about the Laughlin
property that I found of some interest.
1. They installed a new management system, and hired an on line
wholesaler. They claim a 99% occupancy for March. Wow.
2. They had a 9.3% increase in gaming revenue over a year ago with
the previous owners. They also site increased table limits, and
reported a 17% increase in that category.
3. They report they spent $200,000 on a new sports bar at Tarzans.
Bluestreak has already reported on this impovement.
They also reported that Laughlin in general, reported a 4% increase
in occupancy for the 1st quarter of 2004.