Thu, May 17, 2012, 5:39 AM AEST - Australia Markets open in 4 hrs 21 mins

Lasseter's Hotel correction

The company that owns the Lasseter’s Hotel Casino says the Alice Springs operation is in a strong financial position as it presses ahead with a $35 million dollar expansion.

Last month, the ABC incorrectly reported the company recorded a consolidated loss last financial year of $78,000.

That report actually referred to the Lasseter’s Corporation’s online gaming company, which ceased trading in 2008.

The business that owns the Alice Springs Casino is Ford Dynasty.

Lasseter’s Hotel Casino and Lasseter’s Corporation are no longer related business entities.

Ford Dynasty has provided the ABC with a report for the financial year ending 30 June 2011.

The report confirms the casino was not operating at a loss last financial year.

EDITOR’S NOTE:   This story replaces an ABC Online story of 25 January 2011, which was removed that day because it contained several factual errors. 

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