LAS VEGAS, Nevada — The acquisition last spring of three casinos in Primm helped Herbst Gaming significantly grow its overall net revenues. Nevada’s 10-month-old ban on smoking in bars, restaurants and taverns, however, continued to eat away at the company’s profits
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Herbst Gaming reported a net loss of $28.9 million for the quarter ended Sept. 30, reversing net income of $8.2 million a year ago. Revenues in the period, however, were $219 million, a 58.6 percent increase compared with $138.1 million in the third quarter last year.

“There is no question the smoking ban had a dramatic impact on our route operations and has fundamentally changed the slot route industry,” Herbst Gaming President Ed Herbst said in a conference call with analysts.

Source: Casino City Times. Link

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