Dover Downs Gaming & Entertainment Inc. (DDE) @$3.50 Full House Resorts Inc. (FLL)@$2.77
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DOVER, Del.--(BUSINESS WIRE)--Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE - News) today reported results for the fourth quarter and year ended December 31, 2009.
The Company’s revenues were $55,375,000 compared with $55,443,000 for the fourth quarter of 2008. Gaming revenues were down 0.4%, with a slot win decrease of just over 1% offset to some extent by sports betting revenue during the quarter.
Other operating revenues increased 2.5%. Occupancy levels in the Dover Downs Hotel were approximately 77% for the fourth quarter of 2009 compared with approximately 75% for the fourth quarter of 2008. Margins for other operating revenues improved during the quarter.
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 $3.5 million o