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Hooters Casino in Vegas warns it may go bust

Tampa Bay Online,  Tuesday, August 18, 2009 at 11:40:19 AM

Hooters celebrated its 25th anniversary last year, but it's not clear if its Las Vegas casino will make it to 4.

Hooters Casino Hotel opened just off the Las Vegas Strip 3 1/2 years ago, hoping to add some spice to what had been the frumpy Hotel San Remo. Its ownership group includes some of the founders of Hooters restaurant chain, which was launched in Clearwater in 1983.

However, the casino hasn't been nearly the success Hooters restaurants have been. On Friday, the business entity that controls Hooters Casino Hotel, named 155 East Tropicana LLC, announced it lost $5.1 million in the three months ended June 30. That compares with a profit of $2.4 million in the same three months in 2008.

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