Dover Downs Gaming & Entertainment, Inc. Reports Results for the Second Quarter Ended June 30, 2018
DOVER DOWNS GAMING (DDE)
US:NYSE Investor Relations:
doverdowns.com/investor-relations
Company Research
Source: Business Wire
DOVER, Del.--(BUSINESS WIRE)-- Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE) today reported results for the three months ended June 30, 2018. The Company’s revenues for the second quarter of 2018 increased 2.3% to $44,133,000 compared with $43,141,000 for the second quarter of 2017. Gaming revenues were $33,895,000 compared to $33,227,000 for the second quarter of last year. Occupancy levels in the Dover Downs Hotel were approximately 85% for the second quarter of both years. General and administrative, depreciation and interest expenses were each fairly consistent with the second quarter of 2017. Net earnings were $153,000 compared with $33,000 for the second quarter of 2017. Earnings per diluted share were $.00 for the second quarter of each year. Denis McGlynn, the Company's President and Chief Executive Officer, stated: “I want to take this opportunity to t
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