Gaming revenue – mostly from slots – is up 1.6 percent for Dover Downs in the third quarter compared to last year according to the company’s most recent federal filing.
Gross gambling revenue totaled just over $42 million from July through August this year, though other operating funding streams lost about $1.4 million compared to the same quarter in 2014.
Dover Downs Gaming & Entertainment, Inc. officials say that’s due to the recent NASCAR race falling in the fourth quarter of 2015, while it was held in this quarter last year.
Company officials said earlier in the week that the uptick in slot play might not last as new casinos are set to open near Washington, D.C. and Philadelphia in the near future, drawing customers away.
In the first two quarters of 2015, Dover Downs pruned 72 jobs – mostly through attrition – and cut overnight table game service on weekdays to try and trim costs.
At the beginning of October, Dover Downs also announced they would remain publicly traded on the New York Stock Exchange after their common stock price rose back above the $1.00 per share minimum.
Lobbying efforts by the company to lower the state’s share of gambling revenue and eliminate certain fees – items they view as critical to the future health of their industry – will continue when legislators return to Dover in January.
