Dover Downs Gaming & Entertainment, Inc. Reports Results for the Third Quarter Ended September 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 September 30, 2018. Gaming revenues increased 2.8% to $36,723,000 compared to $35,716,000 for the third 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 $9,284,000 were up slightly compared to the third quarter of 2017 from an increase in food and beverage revenue offset by a decline in rooms revenue during the quarter. Occupancy levels in the Dover Downs Hotel were almost 90% for the third quarter of both years, while average rates were lower this year. General and administrative costs were $1,355,000 for the third quarter compared to $
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