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Article: Pinnacle Entertainment Reports Third Quarter 2009 Results.
- Article from:
- PR Newswire
- Article date:
- October 29, 2009
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Cash Flows Increase in the Year-Over-Year Period
LAS VEGAS, Oct. 29 /PRNewswire-FirstCall/ -- Pinnacle Entertainment, Inc. today reported financial results for the third quarter and nine months ended September 30, 2009.
For the third quarter ended September 30, 2009, revenues were $265 million, a 1.0% increase from $263 million generated in the prior-year period. Consolidated Adjusted EBITDA(1) rose 8.2% to $43.1 million in the 2009 third quarter from $39.9 million in the prior-year period. Three of the Company's five most significant casinos had increases to Adjusted EBITDA, despite the difficult economy. The quarterly results reflect the continued ...