Tropicana Las Vegas revenues up, but company reports loss

Revenues at the Tropicana Las Vegas increased by more than $10 million in the second quarter as the company benefited from completion of most of the renovations planned for the landmark Strip hotel-casino.

Tropicana Las Vegas Hotel and Casino Inc. Thursday said revenue for the second quarter ended June 30 was $24.4 million, up from $13.8 million in the same period a year ago.

Despite improvement in revenues, the company reported a loss of $9.4 million in the second quarter, down from $11.2 million in the 2010 quarter.

For the first six months of 2011, the Tropicana earned $41.1 million, compared to $26.8 million in the same period last year. Its net loss also declined to $18.4 million, down from $21.1 million for the first six months of 2010.

In an earnings report, the company said it has completed $124.4 million of its $143.5 million renovation project.