Las Vegas Casino Owner Pinnacle Entertainment Discloses Broader Quarterly Loss - 2004-02-09
Pinnacle Entertainment, a Las Vegas casino owner, announced this week that its fourth-quarter loss widened in comparison to one year prior.
In a statement, Pinnacle reported its net loss was $8.6 million, or 34 cents per diluted share, for the three months ended Dec. 31, broader than the loss of $6.7 million, or 26 cents per share, a year earlier.
The company stated that the latest quarter featured a charge of $7.1 million for early debt extinguishment, in part offset by a $1 million reversal of litigation reserves that were seen as unnecessary.
Read the full story at Miami Herald