This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aztar Slammed on Earnings

"In our view the keys to Aztar share performance are improved EBITDA, earnings before interest, taxes, depreciation and amortization at the Tropicana Atlantic City, which was disappointing, and interest in Aztar's assets by financial buyers," Curtis wrote. "Aztar mentioned interest in acquisitions to spur growth, so asset sales appear to be off the table." Curtis noted that Atlantic City EBITDA plunged 44% to $7.9 million in the fourth quarter from a year before. About $2.8 million of the $6.3 million decline was caused by a monthlong strike in Atlantic City.

In addition to the Tropicana casinos in Atlantic City and Las Vegas, Aztar owns the Ramada Express casino hotel in Laughlin, Nev. and riverboat casinos in Missouri and Indiana.

Aztar's disappointing fourth-quarter results contrasted with those from other casino operators. Harrah's Entertainment (HET), which is purchasing Caesars Entertainment (CZR - Get Report), beat Wall Street expectations. So too did MGM Mirage (MGG), which is in the process of acquiring Mandalay Resort Group (MBG).

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CZR $12.05 0.00%
MBG $27.41 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs