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Article: Pinnacle Entertainment Reports Fourth Quarter and Full-Year 2008 Results.
- Article from:
- PR Newswire
- Article date:
- March 6, 2009
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Quarterly Results Increase Substantially; L'Auberge du Lac Posts Record Results
LAS VEGAS, March 6 /PRNewswire-FirstCall/ -- Pinnacle Entertainment, Inc. today reported financial results for the fourth quarter and full year ended December 31, 2008.
Fourth Quarter 2008 Results
For the fourth quarter of 2008, revenues increased 18.1% to $259 million from $219 million in the 2007 fourth quarter. Consolidated Adjusted EBITDA(1) was $45.6 million in the current quarter, an increase of 38.5% from $32.9 million in the fourth quarter of 2007. The 2008 quarterly results reflect the benefit of the year-end 2007 expansion of L'Auberge du Lac in Lake ...