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Dover Downs Gaming & Entertainment Inc. Message Board

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  • slim_niceguy slim_niceguy May 24, 2011 10:59 PM Flag

    new casinos in De?

    The company has forecast that they will be breaching their loan covenants by the third quarter. Out of state competition is the problem. Their need to match competition by removing significant numbers of electronic games to be replaced by less profitable table games compounds their problems. I predict that the stock prices will be reversed soon- the casino side will break down below $2 and the tracks will be quoted above $3. Oh..goodbye to the dividend upon any refi allowing headroom on the covenants.

 
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