Dover Downs Gaming and Entertainment

Dover Downs Casino Website

There’s have been a major drop in the net earnings for Dover Downs last year from $4.8 million in 2012 to just $13-thousand in 2013.

Denis McGlynn, president and CEO of Dover Downs Gaming and Entertainment and Dover Motorsports Incorporated blamed the decline on competition – especially the Maryland Live! Casino.
The announcement comes a day before the nine-member Lottery and Gaming Study Commission is set to submit alternatives to lawmakers on how to best aid an ailing casino industry.

123rf.com

DOVER, Del. (AP) - Dover Downs is blaming additional competition in the region for sharply lower revenues in the first three months of the year.

The News Journal of Wilmington reports that Dover Downs Gaming and Entertainment reported a $283,000 first quarter loss on Thursday. The casino reported $50.5 million in revenues in the quarter, compared to $64.1 million a year earlier. Gambling revenues were down 22.5 percent.