The increased revenue, to $48.9 million from $45.8 in the same year-earlier period, is attributable to the addition of its Paradise hotel tower and an expanded concert venue. The revenue increase was not universal, with 24.7% increase in food and beverage revenue and a 4% increase in lodging revenue offsetting a 31.5% drop in casino revenue and an 18.5% decline in retail revenue.

Casino revenue fell to $9.8 million from $14.3 million on a nearly 50% drop in table games revenue, which the company said was due to a combination of less being bet and a much lower hold percentage (8.9% versus 15.8%). Food and beverage revenue increased to $25.4 million from $20.3 million due to the additional hotel rooms and the expansion of The Joint, its concert venue. Lodging revenue increased to $10.4 million from $10 million due to the additional hotel rooms despite a decrease in the average daily rate to $136 from $193 and a decrease in hotel occupancy to 89.0% from 92.4%.

"Automobile traffic into Las Vegas and air travel into McCarran International airport continues to be adversely impacted, resulting in relatively low casino volumes and demand for hotel rooms," the company states in its SEC filing. "Based on these adverse circumstances, we believe that we will continue to experience relatively low hotel occupancy rates and casino volumes as compared to that of prior periods."