Consolidated Adjusted EBITDA(1) increased $5.5 million or 8.0% year over year to $74.1 million, driven by record L Auberge Lake Charles results, strong St. Louis performance & the - opening of L Auberge Baton Rouge .
Management estimates the - impact from Hurricane Isaac negatively affected Adjusted EBITDA(2) of the - Company hotel riu cancun mexico reviews s Louisiana operating properties by $1.6 million in the - 2012 third quarter. hotel riu cancun mexico reviews In addition, 2012 third quarter Consolidated Adjusted EBITDA included $0.7 million of severance hotel riu cancun mexico reviews & relocation charges. Adjusting for these factors, hotel riu cancun mexico reviews Consolidated Adjusted EBITDA for the - 2012 third quarter would have been $76.4 million.
Income from continuing operations decreased to $6.8 million versus $11.8 million in the - prior year period, hotel riu cancun mexico reviews principally as a result of increased hotel riu cancun mexico reviews pre-opening expenses related to the - opening of L Auberge Baton Rouge .
Adjusted income per share(1), which normalizes for the - effect hotel riu cancun mexico reviews of pre-opening expenses & other non-recurring items, increased $0.05 or 20% year over year to $0.30; GAAP net (loss) per share was $(0.01) in the - 2012 third quarter & in the - prior year period.
Through October 23, 2012, the - Company has repurchased 3.5 million shares of its usual stock for $40 million under its $100 million hotel riu cancun mexico reviews share repurchase program, representing hotel riu cancun mexico reviews a 5.5% reduction in its diluted share count from the - inception of the - program in July 2012.
The Company is progressing toward hotel riu cancun mexico reviews an agreement to dispose of its land holdings in Atlantic City & expects to enter in to a definitive agreement by year end. Separately, hotel riu cancun mexico reviews the - Company expects to receive approximately $2.6 million from the - New Jersey Casino Reinvestment Development Authority for the - redemption of bond credits. In the - 2012 third quarter, the - Company recorded a non-cash impairment charge of $6.9 million related to its Atlantic hotel riu cancun mexico reviews City assets, which is included in Discontinued Operations.
In August 2012, the - Company hotel riu cancun mexico reviews entered in to a Subscription Agreement & Amended & Restated Shareholders Agreement related to its investment in ACDL. The agreement provides in that the - Company invests $15.6 million in convertible preferred stock of ACDL or its pro-rata 26% share of a previously acknowledged total capital raise by ACDL of $60 million.
In the - 2012 third quarter, revenues increased 2.8% or $8.3 million year over year to $304.2 million. Consolidated Adjusted EBITDA increased $5.5 million or 8.0% year over year to $74.1 million versus $68.7 million in the - prior year period. Consolidated Adjusted EBITDA margin(1) increased hotel riu cancun mexico reviews 116 basis points year over year to 24.4%.
Operating income decreased $4.4 million or 11.9% year over year to $33.0 million in the - 2012 third quarter. Income from continuing operations was $6.8 million in the - 2012 third quarter versus $11.8 million in the - prior year period. The year over year decrease in both Operating income & Income from continuing operations was driven principally by increased depreciation & amortization & pre-opening expenses associated with the - opening of L Auberge Baton Rouge.
Adjusted income per share, which normalizes for the - effect of pre-opening expenses, discontinued operations & other non-recurring items, increased $0.05 or 20% year over year to $0.30 in the - 2012 third quarter. GAAP net loss per share was $(0.01) in the - 2012 third quarter & in the - prior year period.
(1) For a further description of Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA margin, & Adjusted Income per share please see the - section entitled Non-GAAP Financial Measures & the - reconciliations hotel riu cancun mexico reviews below.
hotel riu cancun mexico reviews (2) Operating income in 3Q 2012 includes $11.5 million in pre-opening & development costs versus $2.5 million in the - prior year period. Operating income in 3Q 2012 includes a $0.1 million net impact related to write-downs, reserves & recoveries versus $1.3 million in the - prior year period.
(3) GAAP net (loss) & (loss) per share in 3Q 2012 contain a loss of $7.1 million, or $0.11 per share, net of taxes, from discontinued operations. GAAP net (loss) & net (loss) per share in 3Q 2011 contain a loss of $12.6 million, hotel riu cancun mexico reviews or $0.20 per share, net of taxes, from discontinued operations.
Anthony Sanfilippo, President & Chief Executive Officer of Pinnacle Entertainment, commented, Our third quarter is emphasized by the - opening of L Auberge Baton Rouge, a terrific addition to the - Pinnacle Entertainment portfolio of properties. Our Company delivered very strong financial performance in the - third quarter hotel riu cancun mexico reviews & achieved several operational milestones. L Auberge Lake Charles produced all-time records in gaming revenue, hotel riu cancun mexico reviews non-gaming revenue, hotel riu cancun mexico reviews Adjusted EBITDA & Adjusted EBITDA margin during the - third quarter. Impressively, hotel riu cancun mexico reviews this performance was achieved despite the - impact hotel riu cancun mexico reviews in that Hurricane Isaac had on L Auberge Lake Charles & our other Louisiana properties. Furthermore, St. Louis produced the - strongest year over year improvement in Adjusted EBITDA hotel riu cancun mexico reviews in the - Company s portfolio & achieved record Adjusted EBITDA margins in the - third quarter.
While Hurricane Isaac caused us to briefly delay our scheduled opening, we proudly unveiled L Auberge Baton Rouge to a robust crowd of guests on September 1. We are very pleased with the - reception of the - property from our guests in that have visited L Auberge Baton Rouge. In particular, the - feedback we have received on its quality, & most importantly, the - high level of service they are receiving from our Baton Rouge team members, has-been very positive. We greatly appreciate the - commitment of our team members in providing a top quality experience to our guests in Baton Rouge.
So far, we are very pleased with the - performance of L Auberge Baton Rouge. hotel riu cancun mexico reviews The property hotel riu cancun mexico reviews is well on its way to establishing itself as a high quality regional gaming & entertainment destination. Since opening, the - property has achieved over 48,000 my choice player loyalty card sign-ups, over 267,000 casino admissions, & very strong non-gaming revenue performance.
With these initial encouraging results, we will continue our efforts of methodically focusing on building profitable revenue through the - use of this unique regional hotel riu cancun mexico reviews property s entertainment destination hotel riu cancun mexico reviews amenities, along with the - charm & excitement of the - greater Baton Rouge region.
L Auberge Lake Charles 2012 third quarter revenues increased $1.4 million or 1.4% year over year to $99.5 million, while Adjusted EBITDA hotel riu cancun mexico reviews increased $1.9 million or 6.3% year over year to a record $31.5 million. Adjusted EBITDA margin at the - property expanded 146 basis points year over year to a record 31.7%. 2012 third quarter performance was driven by record gaming & cash non-gaming revenues, as well as more efficient marketing, & took place despite disruption to business volumes from Hurricane Isaac.
In the - St. Louis segment, revenue for the - 2012 third quarter was unchanged year over year at $98.5 million. Adjusted EBITDA hotel riu cancun mexico reviews rose 14.3% or $3.2 million year over year to $25.5 million. Adjusted EBITDA hotel riu cancun mexico reviews margin(2) in St. Louis increased 322 basis points year over year to 25.9% in the - 2012 third quarter. 2012 third quarter performance was driven by more efficient marketing & general operating expense discipline.
Mr. Sanfilippo commented, Pinnacle s properties in St. Louis & Lake Charles continue to make amazing progress in improving its operating outcomes. Our best in class properties & talented team members are achieving remarkable hotel riu cancun mexico reviews results.
Belterra s third quarter 2012 revenues declined $0.5 million or 1.2% to $41.6 million, while Adjusted EBITDA increased $1.2 million or 13.9% year over year to $9.9 million. Adjusted hotel riu cancun mexico reviews EBITDA margin increased 316 basis points year over year to 23.8%. Belterra s 2012 third quarter performance was driven by a focus on removing non-value added expenses from the - business.
Boomtown New Orleans revenues declined hotel riu cancun mexico reviews $4.2 million or 13.1% year over year to $27.9 million in the - 2012 third quarter, while Adjusted EBITDA declined $2.5 million or 24.8% to $7.7 million. Adjusted hotel riu cancun mexico reviews EBITDA margin at the - property was down 432 basis points year over year to 27.6% in the - 2012 third quarter. New Orleans performance was negatively impacted by Hurricane Isaac & generally complex market conditions. Notwithstanding the - hurricane impact, underlying property trends improved throughout the - third quarter.
Continuing on the - performance of Boomtown New Orleans , Mr. Sanfilippo added, We are dissatisfied with the - performance of Boomtown New Orleans & are in the - process of implementing changes to the - property s operating strategy to drive profitable revenue growth. We are confident, through key operating changes, in our ability to improve New Orleans performance in the - coming quarters.
Boomtown Bossier City revenues declined $1.3 million or 6.2% year over year to $19.8 million in the - 2012 third quarter, while Adjusted hotel riu cancun mexico reviews EBITDA decreased $0.4 million or 7.7% to $4.3 million. Adjusted EBITDA margin at the - property was down 37 basis points year over year to 21.5% in the - 2012 third quarter.
Corporate overhead expenses declined $0.6 million or 9.6% year over year to $5.6 million in the - 2012 third quarter. The reduction in 2012 third quarter corporate overhead expense was driven principally by efforts to eliminate non-value added expenses hotel riu cancun mexico reviews at the - Company s Las Vegas NV headquarters, as well as a ramp up of cost savings & property allocations related to the - Company s shared service centers supporting our properties in the - Midwest & Louisiana.
Carlos Ruisanchez, Executive Vice President & Chief Financial Officer of Pinnacle Entertainment, commented, We are pleased to have L Auberge Baton Rouge now as an operating asset. The property is attractive & should bring meaningful value to our shareholders for years of time to come. We remain focused on the - additional growth projects in our pipeline, namely the - River Downs redevelopment, River City Expansion, & the - addition of guest rooms in New Orleans.
We are excite
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