LAS VEGAS— Hard Rock Hotel, which owns and operates the Hard Rock Hotel & Casino here, has reported cash flow, or EBITDA, of $30.1 million and $6.3 million for the year and quarter ended Dec. 31, 2001, respectively. The company said fourth-quarter EBITDA rose 52% to $6.3 million from $4.1 million in the prior-year period. EBITDA for the year rose 6% to $30.1 million from $28.3 million. Increases in casino volume and hotel occupancy rates were offset partially by reductions in casino hold percentages and ADR during fourth quarter, resulting in increased net revenues of $27.8 million compared to $27.4 million in the year-ago period. Annual net revenues increased to $120.2 million from $119.8 million in 2000. Hard Rock reduced its fourth-quarter net loss to $0.1 million from $3.1 million in the prior year due to reductions in casino, food and beverage, marketing, general and administrative expenses. Net income for 2001 was $2.8 million compared to a net loss of $0.9 million in the year ended Dec. 31, 2000.
