Las Vegas-based casino operator Affinity Gaming LLC reported an increase in its quarterly profit Monday as gaming revenue improved.
The company earned $4 million in the quarter that ending March 31, up from a profit a year earlier of $3.4 million. Net revenue grew from $107.6 million to $112.8 million.
Gaming revenue increased from $77.6 million to $80 million and accounted for most of the overall increase in net revenue.
The company said that despite "intense competition,'' net revenue excluding fuel sales grew $1.3 million, or 3.2 percent, in Southern Nevada.
Affinity Gaming has a complex of three casinos in Primm at Interstate 15 on the California border, where it also sells fuel, as well as the Terrible's hotel-casino in Las Vegas and Terrible's Town Casino & Bowl in Henderson.
Affinity said in Monday's earnings report that while "adverse economic conditions'' in the Southern California feeder market and the Las Vegas locals market continued in the quarter, ''we saw revenue improvements driven by our focused marketing and promotional programs.''
The Southern Nevada properties generated gross revenue of $70 million. The company's properties in Northern Nevada saw sales slip 2 percent to $20.9 million and they were flat at $37 million in the Midwest.
The company during the quarter completed a deal in which it sold its slot route and its Pahrump and Searchlight casinos in separate deals involving Golden Gaming LLC and the Herbst family. It also purchased Golden Gaming's three casinos in Black Hawk, Colo.