Hollywood Casino Shreveport posts $244,000 March loss

By Caroline Salls

Pittsburgh, April 19 - Hollywood Casino Shreveport reported a $244,000 loss for March compared to $503,000 in February, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Western District of Louisiana.

Net revenue for March was $11.1 million, compared to $10.6 million in February.

The company's EBITDA for the month was $1.26 million, compared to $1.58 million in February.

Total cash at the end of March was $29.87 million, compared to $28.27 million in February.

Hollywood Casino Shreveport owns and operates a riverboat casino and hotel complex located on the Red River in Shreveport, La. Creditors filed an involuntary Chapter 11 case against the Fort Worth, Texas-based gaming company on Sept. 10. It has since become consensual. The company's Chapter 11 case number is 04-13259.

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