Atlantic City Casino Reports Its Losses Are Lower

Resorts International Inc., the casino-hotel company that has been struggling to emerge from bankruptcy, today reported a substantially narrower quarterly loss of $3.1 million, down from $18.7 million in the year-ago first quarter.

The Atlantic City, N.J.-based company posted operating revenues of $107.5 million for the quarter, compared with $113.5 million in the year-earlier period. Resorts, which entertainer Merv Griffin purchased from real estate mogul Donald Trump in 1988, filed for Chapter 11 bankruptcy protection in December.