Dover Downs Gaming & Entertainment, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 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 fourth quarter and year ended December 31, 2018. Gaming revenues increased 4.2% to $35,868,000 compared to $34,435,000 for the fourth quarter of 2017. Slot machine and table game win were both higher, and sports betting win improved as a result of recently expanded sports wagering in Delaware. These increases were offset by lower wagering on horse racing compared to last year. Other operating revenues of $10,764,000 were up 9% compared to the fourth quarter of 2017 from an increase in food and beverage and rooms revenue. Occupancy levels in the Dover Downs Hotel were approximately 83% and 80% for the fourth quarters of 2018 and 2017, respectively. General and administrative costs were $1,242,000 for the fourth quarter of 2018 compared to $1,297,000 last year. Costs in
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