Hilton Hotels Corp.: The hotel and casino...
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From Times Staff and Wire Reports
Hilton Hotels Corp.: The hotel and casino firm posted net income for 1989 of $110.1 million, down 16% from the year before, on revenue of $998.2 million, up 5% over 1988. Fourth-quarter net income for the Beverly Hills-based firm was $26.9 million, down 24% from the 1988 level, on revenue of $259.6 million, up 2% over fourth-quarter 1988. The company said revenue from hotels rose 12%, while gaming revenue declined 20%.
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