BJ's Restaurants, Inc. Reports Financial Results for the Third Quarter of Fiscal 2009

HUNTINGTON BEACH, Calif., Oct 22, 2009 (BUSINESS WIRE) -- BJ's Restaurants, Inc. (NASDAQ: BJRI) today reported financial results for the third quarter of fiscal 2009 ending Tuesday, September 29, 2009.
Total revenues for the third quarter of fiscal 2009 increased approximately 8.5% to $103.9 million compared to $95.8 million for the same quarter last year. Comparable restaurant sales decreased by 1.6% during the third quarter of fiscal 2009 compared to a decrease of 1.0% during the same quarter last year. Net income and diluted net income per share for the third quarter of fiscal 2009 increased approximately 55% to $3.2 million and 50% to $0.12, respectively, compared to the same quarter last year.

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Las Vegas Sands Seeks Funding to Revive Macau Work

Oct. 23 (Bloomberg) -- Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, is seeking as much as $2 billion to restart mothballed projects in Macau, Chief Operating Officer Michael Leven said.

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Foxwoods' Our Lucaya deal 'comes alive again'

The Government will know "in the next 24-48 hours" whether its preferred choice for Foxwoods Development Company to take over the Our Lucaya Resort's management/operations, as well as its casino, is back on track, Tribune Business was told yesterday.

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Good Time to Buy Sunshine State Hotels

TAMPA, FL-Besides being one of the world’s leading hotel markets, Florida also lines up as one of the best markets for hotel investment because of a spate of distressed assets, according to a report by HREC Investment Advisors. The report was issued on the one-year anniversary of the bankruptcy of Lehman Bros., one of the most active lenders on hotels over the past five years.

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Las Vegas resort sued over second-hand smoke

second Las Vegas Strip casino is being sued over allegations that the health of employees is being affected by second-hand smoke.
A suit seeking class action status to represent all affected workers was filed Tuesday in U.S. District Court in Las Vegas by Wynn Las Vegas employee Kanie Kastroll against the casino resort and its parent company Wynn Resorts Ltd.

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Punch, Enterprise Surge as OFT Rejects Pubs Complaint

Oct. 22 (Bloomberg) -- Punch Taverns Plc and Enterprise Inns Plc, the U.K.’s two biggest pub owners, surged in London trading after the Office of Fair Trading rejected a complaint that so- called supply ties protect the companies from competition.
Punch rose as much as 17 percent, while Enterprise gained as much as 21 percent in the U.K. capital. The shares had declined 29 percent and 16 percent, respectively, in the past month on concern over a “negative OFT response,” Seymour Pierce analyst Hugh-Guy Lorriman said in a note.

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STARWOOD REPORTS THIRD QUARTER 2009 RESULTS - Down 64%

􀂃 Excluding special items, EPS from continuing operations was $0.14. Including
special items, EPS from continuing operations was $0.22.
􀂃 Adjusted EBITDA was $179 million.
􀂃 Excluding special items, income from continuing operations was $26 million.
Including special items, income from continuing operations was $41 million.
􀂃 Special items totaled a benefit of $15 million ($0.08 per share) and included
impairment charges of $27 million which were more than offset by a $44 million tax
benefit primarily related to hotel sales.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels decreased 20.3% (down
17.6% in constant dollars) compared to the third quarter of 2008. System-wide
REVPAR for Same-Store Hotels in North America decreased 19.7% (down 19.0% in
constant dollars).

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Problems for Ritz-Carlton deal (Jamaica)

The Ritz-Carlton branded hotel located in Rose Hall, Montego Bay, which is owned by former beauty queen and attorney Michele Rollins, may well undergo a management contract buyout by the Sheila Johnson-led Salamander Hospitality, but any deal will be met by legal impediments which could see the Ritz-Carlton brand tied to the hotel for decades

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McDonald’s Accused of Selling Cancer-Causing Chicken

Oct. 21 (Bloomberg) -- McDonald’s Corp.,Burger King Holdings Inc. and Friendly Ice Cream Corp. were accused in a lawsuit of selling chicken they know contains a chemical that can cause cancer even in small amounts

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NY City sues Tavern on the Green operators over name

The city sued the operators of Tavern on the Green Wednesday in U.S. bankruptcy court in an effort to regain control over the name of the famed eatery.
Tavern on the Green filed for bankruptcy protection last month, claiming that its largest asset is the trademark it holds for the restaurant’s name, which has an estimated value of $19 million.

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Regent Inns sold in management buyout

Regent Inns chief executive John Leslie has led a management buyout of 60 of the group’s venues from administrators in a pre-pack deal.
Leslie headed a team comprising of a number of senior Regent Inns executives to acquire the units, which currently trade as Walkabout bars, Old Orleans restaurants and Jongleurs comedy venues.

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Brinker International Reports First Quarter Fiscal 2010 EPS

DALLAS, Oct. 20 /PRNewswire-FirstCall/ -- Brinker International, Inc. (NYSE: EAT) announced first quarter fiscal 2010 earnings per diluted share of $0.17 compared to $0.20 for the first quarter of fiscal 2009, before special items and excluding Romano's Macaroni Grill® (reconciliation included in Table 2). On a GAAP basis, earnings per diluted share decreased to $0.15 from $0.23 for the first quarter in the prior year

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Krispy Kreme Expanding in Caribbean

[2009-10-21] Krispy Kreme Doughnut Corporation announced that it entered into a franchise development agreement with Dominspec, S.A. for the development of 14 Krispy Kreme shops over the next five years in the Dominican Republic. Dominspec, S.A. is a quick-service restaurant conglomerate that operates Burger King and Papa John's restaurants in the Dominican Republic.

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Papa Bello buys Baltimore-based deli to develop new concept

Papa Bello Enterprises announced today that the company has signed a letter of intent to acquire Pastore's of Rosedale Inc., a Baltimore-based restaurant, deli and bakery chain. The announcement comes shortly after the restaurant's announcement to acquire Middle-Eastern themed Kebab Café.

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Domino's shutters eight Phoenix stores

Domino's had expanded quickly in the Phoenix area and is now closing eight of the 25 company-owned locations there, according to azcentral.com.

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