LAS VEGAS Park Place Entertainment Corp. reported that its results for the fourth quarter before non-recurring charges will be approximately $0.00 per share versus the consensus estimate of $0.13 per share. The company attributes the result to a number of factors including: the aggregate table game hold percentage at the Las Vegas property was well below 1999 levels; winter weather negatively impacted visitation and play in Atlantic City, Tunica, and Indiana in December; and the continued competitive environment in the Mississippi marketplace. Park Place also reported that the proposed sale of the Las Vegas Hilton to Ed Roski, Jr. is in dispute. Mr. Roski failed to make an extension payment regarding the transaction and has asserted alleged breaches by Park Place under the agreement. (1/4/01)
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