Company says uncertainty over Bryant Park leases expected to continue to impact results
Company may be required to vacate Bryant Park locations on or about Oct. 16, 2026
No referendum on casino gaming at Meadowlands in 2026; timing of future vote uncertain
Overview
U.S. restaurant operator's fiscal Q3 revenue fell yr/yr as same-store sales declined
Company posted a narrower net loss for fiscal Q3 compared to prior year
Lease uncertainty at Bryant Park locations continues to weigh on New York City revenues
Key details
Metric
Actual
Q3 Revenue
$40.88 mln
Q3 Net Loss
$261,000
Q3 Adjusted EBITDA
$358,000
Q3 EBIT
-$141,000
Q3 EBITDA
$460,000
Result drivers
Las Vegas & Alabama strength - Co said operations at New York-New York Hotel and Casino in Las Vegas and its Alabama locations continued to show increased cash flow and strong revenue growth
- Co said revenues for both catered events and a la carte at Bryant Park Grill and Bryant Park Café continue to suffer due to lease uncertainty
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