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Hollywood Casino Shreveport posts $2.43 million May net loss
By Caroline Salls
Pittsburgh, June 16 - Hollywood Casino Shreveport reported a $2.43 million net loss for May on sales of $9.49 million, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Western District of Louisiana.
The net loss for April was $1.17 million on sales of $10.56 million.
The company's EBITDA for the month was $536,000, up from $439,000 in April.
Total cash on May 31 was $28.54 million, compared to $29.80 million at the end of April.
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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