Net earnings continue to nosedive for Dover Downs as the company released its second quarter earnings Thursday.
The company earned $164,000 through June 30th, down nearly $330,000 from the same time last year.
Gaming revenues also dropped by $3.9 million from the second quarter in 2013, attributed to increased competition in neighboring states.
Dover Downs did bring in an extra $41,000 in other operating revenue, such as concerts.
So far, the company has lost nearly $890,000 in the first six months of this year. It was cash positive through June in 2013.
Talks continue over a $90 million revolving credit line among the casino and a handful of banks. Last month, Dover Downs extended the maturation date of the loan until mid August, as they awaited lawmakers to pass a $9.9 million dollar bailout plan.
Senior Vice President of Finance Timothy Horne says negotiations are ongoing and they hope to reach an agreement in the next few weeks.