Crown Casino announces first quarter results.DALLAS--(BUSINESS WIRE)--Sept. 14, 1995--Crown Casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DICE), today announced its operating results for the three months ended July 31, 1995. Revenues from the Company's 50% interest in St. Charles Gaming Company, Inc. ("SCGC SCGC Sugar Cane Growers Cooperative of Florida SCGC Saginaw County Governmental Center (Saginaw, Michigan) "), which commenced gaming operations on July 29, 1995 in Lake Charles, Louisiana
Lake Charles can also refer to Lake Charles, Nova Scotia a lake in the Halifax Regional Municipality, Nova Scotia Lake Charles , are not consolidated in the Company's results, but rather are accounted for on the equity method. The Company reported the following financial information (in thousands, except per share data): -0-
Three Months Ended
July 31,
1995 1994
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Results of Operations: Revenues $ - $ - Net income (loss) $ 10,745 $ (1,525) Income (loss) per share $ .87 $ (.16) The operating results for the three months ended July 31, 1995 include (i) a $13.3 million after tax gain on the sale of a 50% interest in SCGC which closed on June 9, 1995, and (ii) $2.5 million of SCGC related costs incurred prior to opening for business on July 29, 1995. Edward R. McMurphy, president of Crown Casino stated, "We are pleased to have opened our Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. riverboat casino A Riverboat casino is a type of casino unique to several areas of the United States which use a riverboat as a casino. Several states authorized this type of casino to limit the areas where casinos could be constructed. on July 29th and
look forward to the positive impact on earnings from this operation in
the future."CONTACT: Crown Casino Corp., Dallas Edward R. McMurphy, 214/352-7561 |
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