Tag Archives: parent

Income, profits up for Stratosphere parent business in 2nd quarter

The company that manages the Stratosphere, the two Arizona Charlie’s locations and the Aquarius in Laughlin reported its second-quarter profits today.

Company: American Casino & & Home entertainment Characteristics LLC.

Profits: $95.7 million, up 7 percent from the 2nd quarter of 2014.

Incomes: $7.4 million, compared to $1.7 million throughout the exact same duration in 2013.

Exactly what it suggests: The company stated its total net income increase came from a boost in revenue across all major locations: casino, hotel and food and beverage. This was American Casino’s greatest second-quarter net profits given that 2008, according a to a business statement.

Net profits likewise rose in each of American Casino’s building divisions, with the Stratosphere reporting an especially favorable quarter. There, net profits grew 11.1 percent from last year, and hotel, gambling establishment and food and beverage revenues all contributed to the boost.

The Stratosphere’s 20.3 percent hotel income boost came from 5.7 percent greater tenancy and a 12.9 percent increase in the resort’s average daily space rates, American Gambling establishment stated.

The resort’s casino revenue, meanwhile, rose 7.1 percent due to the fact that of much better slot and table games performance, while food and beverage covers drove a 9.5 percent profits increase in that department.

Tower profits, nevertheless, decreased 2.3 percent, which American Gambling establishment blamed on a drop in Sky Jump admissions.

At the 2 Arizona Charlie’s homes, net revenue rose 4.9 percent, the company said. Gambling establishment revenue grew 3.2 percent, hotel revenue enhanced 20.8 percent, partly due to higher tenancy at both hotels, and food and beverage profits enhanced 9.1 percent.

Income at the Aquarius increased 2.4 percent, with casino income increasing 3.1 percent and food and drink income enhancing 2.4 percent. Hotel earnings dropped 2.7 percent.

The business’s consolidated overall debt at the end of the quarter was $301.6 million.

More examinations target Planned Being a parent policies

Thursday, July 16, 2015|3:01 p.m.

. The governors of Georgia and Indiana and Ohio’s attorney general on Thursday bought investigations of Planned Being a parent facilities in their states to figure out if organs from aborted fetuses were being offered.

The state examinations– along with probes announced Wednesday by three Republican-led congressional committees– been available in response to the release of an undercover video made by anti-abortion protestors. The video shows Dr. Deborah Nucatola, Planned Being a parent’s senior director of medical services, discussing procedures for providing fetal body parts to researchers.

Planned Parenthood officials stated Thursday that Nucatola has actually been “reprimanded.” They did not elaborate. The company’s president, Cecile Richards, said sorry for the tone of some of Nucatola’s taped statements.

Nucatola is heard in the video describing fetal hearts, lungs and livers and to efforts to obtain these organs undamaged rather than squash them throughout an abortion treatment. She likewise is heard giving a range of financial quotes for their procurement.

The commercial sale of fetal tissue is outlawed. Planned Parenthood, which offers abortions and other reproductive health services, states it lawfully helps women who want to make not-for-profit donations of their fetus’ organs for scientific research.

According to Planned Being a parent, the financial sums discussed by Nucatola were for compensation of the clinics’ costs in handling the tissue donations. “Nobody must be ‘offering’ tissue. That’s simply not the goal right here,” Nucatola states at one point.

The video, made discreetly last year, was produced by the Irvine, California-based Center for Medical Progress, which launched it with the support of several nationwide anti-abortion organizations. It reveals a lunchtime conversation between Nucatola and anti-abortion activists impersonating prospective purchasers for a human biologics business.

On Thursday, GOP Govs. Nathan Deal in Georgia and Mike Pence in Indiana and GOP Attorney General Mike DeWine in Ohio ordered probes of Planned Being a parent clinics. DeWine said he’ll examine whether Planned Being a parent may have broken its not-for-profit status and earned money from the sale of fetal organs.

But in a video, Richards describes as “outrageous” the claims that Planned Parenthood clinics were breaking the law by selling fetal tissue for revenue. “Our donation programs– like any other top quality health care service providers– follow all laws and ethical guidelines,” she said.

However, she said a few of Nucatola’s remarks heard on the undercover video did not reflect Planned Being a parent’s dedication to “compassionate care.”

“This is inappropriate, and I personally say sorry for the employee’s tone and statements,” Richards said. “If there is any element of our work that can be strengthened, we need to know about it, and we take speedy action to resolve it.”

In Congress, House Speaker John Boehner said Planned Being a parent has accepted “gruesome practices” and he voiced skepticism at the idea that its procedures were legitimate.

“If you saw the video, it definitely didn’t strike me that method,” he stated. “I might talk about the video, however I think I ‘d vomit … It’s revolting.”

Two Democratic congressmen, Reps. John Conyers of Michigan and Steve Cohen of Tennessee, criticized the introducing of congressional examinations.

“Residence Leadership is using a sensationalist and heavily modified video as an opportunity to attack among the nation’s leading service providers of high-quality health care for women,” they stated in a joint statement.

Associated Press writer Alan Fram in Washington added to this report.