October 20, 2014 7:38 AM ET

Hotels, Restaurants and Leisure

Company Overview of Stratosphere LLC

Company Overview

Stratosphere LLC, through its subsidiaries, operates an integrated casino, hotel and entertainment facility, and a 1,149 foot, free-standing observation tower in Las Vegas, Nevada. Its casino comprises approximately 1,474 slot machines, 48 table games, a race and sports book, and keno lounge. Five themed restaurants, four bars, two of which feature live entertainment and a deli are located adjacent to the casino. The Hotel has 2,444 rooms and suites; and seven themed restaurants, which are The Top of The World, Stratosphere Courtyard Buffet, Crazy Armadillo, Roxy's 50's Diner, Lucky's Café, Tower of Pasta, and Hamada's. Its Retail Center offers various fast food restaurants and shops. A 650-...

2000 Las Vegas Boulevard South

Las Vegas, NV 89104

United States

Founded in 1993

2,250 Employees

Phone:

702-380-7777

Key Executives for Stratosphere LLC

Chief Operating Officer
Age: 66
Vice President of Food and Beverage
Senior Vice President of Operations
Age: 55
Compensation as of Fiscal Year 2014.

Stratosphere LLC Key Developments

Stratosphere Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Stratosphere announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues increased 4.3% as compared to the second quarter of 2013. The company reported net revenue was $41.3 million against $39.6 million a year ago. Stratosphere increased both Adjusted EBITDA and Adjusted EBITDA margin during the second quarter of 2014. For the six months, the company reported net revenue was $81.5 million against $76.8 million a year ago.

Stratosphere LLC Presents at Bank of America Merrill Lynch Japan Conference 2013, Sep-18-2013 11:00 AM

Stratosphere LLC Presents at Bank of America Merrill Lynch Japan Conference 2013, Sep-18-2013 11:00 AM. Venue: Grand Hyatt Tokyo, 6-10-3, Roppongi, Minato-ku, Tokyo, Japan. Speakers: Toshiya Asaba, CEO.

Stratosphere Reports Revenue Results for the First Quarter Ended March 31, 2013

Stratosphere reported revenue results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenue of $37.2 million compared to $38.4 million a year ago. The company experienced decreases in both occupancy and ADR. The lower occupancy led to lower volume in the casino and F&B areas. Despite lower occupancy, Stratosphere experienced increases in spend per occupied room, including a 2.8% increase in casino, 9.5% increase in F&B and 8.4% increase in tower revenues.

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