Denny's Corporation announced that its Las Vegas restaurant located across the street from the Mirage Hotel and Casino has been closed for reconstruction. This company-operated location is the highest-volume restaurant for the brand and is expected to reopen in 2015.
The unit at this location opened in 1966, and is one of Denny's oldest existing restaurants. The landlord is redeveloping the location to include a completely rebuilt Denny's restaurant with an updated atmosphere and additional seating capacity. For the 2013 fiscal year, the Company expects this restaurant to contribute pre-tax operating income of approximately $2.8 million to $2.9 million.
John Miller, president and CEO, says, "Our Casino Royale location has been in operation for nearly 50 years and in the past year alone served 746,000 guests. We have a marquee location with this restaurant, and we now have the opportunity to work closely with our landlord to incorporate our new Heritage brand image and add additional seating capacity. … We are proud to bring a fresh experience to this location and eagerly look forward to its completion in 2015."
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