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Net Revenue of Jacobs Entertainment is Going Down

$13.3 million has been lost during the second quarter which ended June 30th for casino owner Jacobs Entertainment Inc. of Golden. The performance of the losses can be compared to a second-quarter loss of $813,000 of the year 2005.

Jacobs has reported a net revenue of $77.3 million up from $60.8 million for the quarter which ended June 30th for the same period last year. Jacobs reported a private reports of financial information to the U.S. Securities and Exchange Commission because it has public debt.

A net loss of $7.6 million has been reported by Jacobs for the first half of 2006. That can be compared to net income of $2.1 million a year earlier. This year's net revenue has increased to $152.5 million of net revenue from $115.5 million.

On August 15, 2006 Jacobs is set to discuss the recent operating results of the casino during a conference call.

Two investment banks have been hired by the Colorado Company in the first quarter to help the casino refinance current debt and expand credit facilities. Before the second period finishes, Jacobs is expecting to replace $148 million in senior secured notes which is due in 2009. And again Jacob is to replace the $19 million in another debt with a term loan.