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Boomtown reports loss

NNBW Staff

Boomtown Reno lost $1.5 million on revenues of $8.9 million in the fourth quarter, its owner, Pinnacle Entertainment Inc. of Las Vegas, said in a filing with the Securities and Exchange Commission last week.

A year earlier, the property lost $1.1 million on revenues of $13.7 million.

Pinnacle said a tough economy and increased competition from California casinos accounted for the fall in revenues.