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Lakes Entertainment reports gains at Shingle Springs casino

Filed Under: California
More on: economy, lakes entertainment, shingle springs

Red Hawk Casino. Photo Courtesy Red Hawk Casino.

Business continues to improve at the casino owned by the Shingle Springs Band of Miwok Indians of California, the tribe's gaming partner reported on Thursday.

Lakes Entertainment said it earned an additional $800,000 in fees from its management of the Red Hawk Casino. The company's revenues in the first quarter were $3.3 million, up from $2 million a year before.

“Management fees from the Red Hawk Casino were up again this quarter over the prior year first quarter due to continued improvements in results at this property. We continue to work closely with Red Hawk’s executive team, as well as the Shingle Springs Tribal Gaming Authority, to manage this property as efficiently as possible," Tim Cope, the president and chief financial officer of Lakes Entertainment, said in a press release.

The casino opened in 2008 and has struggled due to a weak economy.

Get the Story:
Red Hawk Casino reports revenue is up (The Sacramento Bee 5/10)

Related Stories:
Lakes Entertainment reports progress at Shingle Springs casino (03/13)

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