Working with 60% more casino floor area in Las Vegas than it had in the third quarter of 2008, net casino revenue from its Las Vegas operations in the third quarter of 2009 remained flat at $144 million, with gross revenue from table games declining 2.4% to $531 million and slot machine "handle" essentially unchanged at $850.3 million.

Working with 75% [2,034] more hotel rooms and a dozen more restaurants than it had in the third quarter of 2008, gross non-casino revenues for the quarter were $225.0 million, a 17.9% increase from the third quarter of 2008. Food and beverage turned in the best performance, increasing 29.8% from the same year-earlier period to $96.8 million.

Despite the huge increase in hotel units, room revenue in the third quarter of 2009 increased by just 17.7% from the same year-earlier period to $76.9 million. Its occupancy rate is down only 12 percentage points – to 83.9% from 96.1% -- but its average daily room rate is down by approximately 23% to $210 [from $272] and its revenue per available room is down 32.6% to $176 [from $261].