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Penn National Gaming Inc. Message Board

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  • dundarra dundarra Oct 26, 2004 4:21 PM Flag

    Missing the point?

    Bay St Louis EBITDA, for example, was down 30% vs. Q2. I don't believe closing 3 days (weekdays, at that) for Hurricane Ivan accounts for a 30% drop.

    DeSanctis tried to explain the poor results during the conference call, making reference to a poor August: marketing into a weak calendar; "did the volumes but revenues werent there" (whatever that means), etc.; none of it made much sense. Then, hurricane in September "didn't help."

    My point is, earnings were a little light, good but not great. Southern casinos seem to be the culprit, but there's more to the situation there than one 3 day hurricane.

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