Tropicana talks money.

[nutforslots]

The Tropicana is talking about problems that it had last year with revenue. They aren't exactly blaming the economy.

Net revenue tumbled 30 percent at the Las Vegas Tropicana hotel-casino in 2010 because renovations there required temporary closures of hotel rooms, restaurants and parts of the casino floor, the company reported today.

In its annual report, Tropicana Las Vegas Hotel and Casino Inc. said 2010 net revenue of $54.2 million was down from $77.5 million in 2009.

The operating loss for the property on the Las Vegas Strip, excluding a big asset writedown charge in 2009, grew by $17.2 million to $43.8 million in 2010.

The Tropicana said 2010 casino revenue of $25.6 million was down 25 percent while room revenue of $19.8 million fell 15 percent and food and beverage revenue tumbled 39 percent to $10.4 million because of cafe and buffet closures tied to the renovation.

I would suspect that they will see marked improvement with the completion of the renovations. It is surprising to me to hear anyone say that they lost money and have them not blame the economy.

Their decision to make improvements right now was probably a good one. As the economy grows so will business and they are going to be ready and look great while they are at it.

[vivalasvegas]

I agree I think is a a good and well thought out decision.