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Article: Dover Downs Gaming & Entertainment, Inc. Reports Results for the Third Quarter Ended September 30, 2009.(Financial report)
- Article from:
- Business Wire
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DOVER, Del. -- Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE) today reported results for the three months ended September 30, 2009.
The Company's revenues fell 6.4% to $59,814,000 compared with $63,929,000 for the third quarter of 2008. Gaming revenues were down 5.8% while other operating revenues were down 13.3%.
Gaming expenses were higher from significantly increased gaming taxes and fees that became effective at the end of May of 2009. The impact of these tax increases was approximately $3.6 million or $.07 per diluted share for the third quarter of 2009.
Occupancy levels in the 500 room Dover Downs Hotel were approximately 95% for the ...