- Associated Press - Monday, July 7, 2014

LAS VEGAS (AP) - A casino operator with 11 properties in Nevada, Colorado, Missouri and Iowa is warning investors that it expects to default on a portion of nearly $383 million in long-term debt, but expects to fix issues with its lenders.

Las Vegas-based Affinity Gaming filed Securities and Exchange Commission documents last week saying it expected a default in its senior secured credit agreement.

The Las Vegas Review-Journal reports (https://bit.ly/1k0kOPL) the company says it’s working with advisers and lenders on a possible amendment, waiver or refinancing.

Affinity says its revenues for the quarter ending June 30 would be between about $96 million and $99 million, compared with $100 million a year earlier.

Affinity says it’ll have a $900,000 expense associated with a data breach of its customer credit and debit card processing system.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide