Nevada Gold & Casinos shares financial results

The Las Vegas-based company reported the results for the second quarter of fiscal 2018.

US.- Nevada Gold & Casinos has announced its financial results for the second quarter ended October 31, 2018. The three-month period was impacted by the sale of the South Dakota route and the agreement to sell Club Fortune.

For the second quarter of fiscal 2018, the company reported net revenues of US$14.4 million compared to US$16 million in the second quarter of fiscal 2018. Operating expenses were US$13.8 million compared to US$15 million in the prior year period. Operating income was US$500k compared to US$1 million, and net income was US$500k, or US$0.03 per share, compared to net income of US$600k, or $0.04 per share, in the prior year period.

For the six-month period ended October 31, 2018, net revenues were US$29.2 million compared to US$31.0 million in the prior year’s period. Operating expenses were US$28.5 million compared to US$29.8 million in the prior year. Moreover, operating income was US$700k compared to US$1.2 million in fiscal 2018. Net income was US$500k, or $0.03 per share, compared to US$800k million, or $0.04 per share, in the prior year.

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