Hooters Hotel & Casino just announced its last quarter results and as expected it lost money like most of the Las Vegas properties. Hooters lost a $3.9 million in the first quarter and revenue was down to $11.9 million from $13.3 million in the same time last year. The company has said it may still file for bankruptcy as it struggles. Lots of Las Vegas properties are losing money but this property has several problems of its own; The first of which is because of the theme some women are turned off by prospect of visiting or staying there. The location is also an issue its a near strip location that doesn't give tourists a compelling reason to walk the half block to it. Hooters also doesn't court the locals market although being close to the strip wont help that market. Ellis Island has proved that by good food prices and specials you can draw some of the strip traffic in your direction. Construction in front of Hooters also hasn't helped access to this property. Hooters often has rooms available midweek in the $20 price range a night which may explain its not bad 86 percent occupancy rate but the question is can they make money with rooms this low. For the record they have said there average room rate is $46 to $52 a night but that includes weekends. I think Hooters will bounce back at some point but for moment it looks like a tough road ahead for this property.