Stratosphere, Arizona Charlie’s parent reduces loss November 10, 2012 at 2:41 am Howard Stutz, LAS VEGAS REVIEW-JOURNAL The parent company of the Stratosphere and the two Arizona Charlie’s casinos lowered its net loss in the third quarter despite a slight decline in revenues. American Casino & Entertainment Properties said Friday its net loss for the three months that ended Sept. 30 was $3.3 million. In the same quarter a year ago, the company lost $4.2 million. The company reported overall revenues of $85.8 million in the quarter, compared to $87 million for the third quarter of 2011. The Stratosphere’s net revenue declined 1.7 percent in the quarter, due to a 4.3 percent decrease in hotel revenue. The two Arizona Charlie’s casinos saw revenues decline 4.4 percent, which included a 4.3 percent drop in casino revenues. American Casino & Entertainment also operates the Aquarius in Laughlin where net revenues increased 2.2 percent in the third quarter. Contact reporter Howard Stutz at firstname.lastname@example.org or 702-477-3871. Follow @howardstutz on Twitter.