Fourth-quarter revenue, income up at Stratosphere parent company – VEGAS INC

The company that owns the Stratosphere, Arizona Charlie’s and the Aquarius in Laughlin, reported its fourth-quarter and full-year earnings today.

Company: American Casino & Entertainment Properties LLC

Revenue: $84.8 million for the quarter, an 8.3 percent increase from the fourth quarter of 2013. For all of 2014, the company’s net revenue was $351.1 million, a 4 percent increase from the previous year.

Earnings: $200,000 for the quarter, compared to a net loss of $2.8 million in the fourth quarter of 2013. For the year, the company’s net income was $7 million, compared to a loss of $15.1 million the year before.

via Fourth-quarter revenue, income up at Stratosphere parent company – VEGAS INC.

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