Pinnacle Quadruples Last Year’s 3Q
Casino operator Pinnacle Entertainment quadrupled its third-quarter profit from the same period a year ago, the company said.
Pinnacle reported net income of $22.4 million during the July-to-September quarter, up from $5 million a year ago.
Revenue rose 36 percent to $236.7 million.
The growth was aided by a sale of its Hollywood Park Casino card venue in Inglewood, Calif., and the rebound in business after Hurricane Katrina.
Pinnacle saw a 137 percent jump in revenue at its Boomtown New Orleans casino since the Katrina disaster.