Second-quarter results for The Majestic Star Casino, the United States casino operator, show a decline in net revenues at every location except at Fitzgeralds Tunica, where metrics remained static. Net revenues decreased $7.7 million at the Majestic Properties and $2.3 million at Fitzgeralds Black Hawk.
Additionally, operating incoming was $15 million -- a decrease of 31.2 percent, or $6.8 million, compared to 2007 second-quarter results. It reported a net loss of $15.6 million – almost double the $8.6 million reported during the same period last year.
In a prepared statement the company said: “Our consolidated net revenues were negatively impacted by the slow down in the economy, higher gasoline prices, increased competition in our markets, poor weather and a smoking ban in Colorado, all of which reduced visitations to our properties and limited the gambling budgets of our customers.”