President Casinos, Inc. Announces Third Quarter Results
St.Louis - ST. LOUIS -- President Casinos, Inc. today announced results of operations for the third quarter ended November 30, 2004.
For the three-month period ended November 30, 2004, the Company reported a net loss of $0.8 million, or $0.15 per share, compared to a net loss of $2.6 million, or $0.52 per share, for the three-month period ended November 30, 2003.
Revenues for the three-month period ended November 30, 2004 were $9.2 million, compared to revenues of $11.1 million for the three-month period ended November 30, 2003.
Revenues for the nine-month period ended November 30, 2004 were $32.6 million, compared to revenues of $37.1 million for the nine-month period ended November 30, 2003. For the nine-month period ended November 30, 2004, the Company reported a net loss of $2.1 million, or $0.41 per share, compared to a loss of $2.2 million, or $0.44 per share, for the nine-month period ended November 30, 2003.
As a result of the pending sale of the Company's St. Louis operations and in accordance with accounting standards, the St. Louis results of operations and balance sheet data are classified as discontinued operations. Also included in discontinued operations is the Company's former leasing segment.
President Casinos, Inc. owns and operates dockside gaming facilities in Biloxi, Mississippi and downtown St. Louis, Missouri, north of the Gateway Arch.