Strong Balance Sheet
The company has a cash position of $12 million at the quarter end and a debt of $3.9 million. The credit agreement was extended through June 2028 with $20 million of capacity.
Individual Restaurant Performance
Las Vegas and New York restaurants are performing above expectations. Robert in New York and Rustic in Fort Lauderdale continue to do well despite a general slowdown in visitor numbers.
Potential Casino License Opportunity
There is optimism about obtaining a casino license in Meadowlands, New Jersey, as the state considers expanding gaming in the northern part of the state.