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Dover Downs Gaming & Entertainment, Inc. Reports Results for the Third Quarter Ended September 30, 2017

DOVER DOWNS GAMING (DDE)  More Company Research Source: Business Wire
US:NYSE Investor Relations: doverdowns.com/investor-relations
PDF DOVER, Del.--(BUSINESS WIRE)-- Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE) today reported results for the three months ended September 30, 2017. Gaming revenues of $39,503,000 were down 4.3% compared to the third quarter of 2016. The revenue decrease was primarily attributable to lower slot machine revenue. Other operating revenues of $5,591,000 were down 3.9% compared to the third quarter of 2016 from small decreases in most non-gaming operations. Occupancy levels in the Dover Downs Hotel were 89.5% for the third quarter of this year. General and administrative costs were $1,286,000 for the third quarter compared to $1,228,000 last year. Net loss was ($137,000), or $.00 per diluted share compared with net earnings of $520,000 or $.02 per diluted share for the third quarter of 2016. Denis McGlynn, the Company's President and Chief Executive Officer, stat [Read more]

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