Aztar Slammed on Earnings
"In our view the keys to Aztar share performance are improved EBITDA,
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), beat Wall Street expectations. So too did MGM Mirage (MGG), which is in the process of acquiring Mandalay Resort Group (MBG).
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