MTR Gaming Group, owner of Mountaineer Park, reported double digit increases in revenue, net income, and earnings for the fourth quarter and 2001. The West Virginia company (Nasdaq:MNTG) also reported decreases in earnings per share for the quarter and for the year.
Tuesday, April 02, 2002Gemstar-TV Guide stock plummeted Tuesday morning on the heels of poor fourth quarter and year-end results. As of 3 p.m., the parent company of the TV Games horse racing network was down $4.21 to $17.52, a drop of 19.4%.
Tuesday, March 19, 2002Magna Entertainment reported a 28% gain in fourth quarter revenue, but losses in net income and earnings per share for the three-month period ending Dec. 31. For the year, the Canadian racing conglomerate reported a 25.5% increase in revenue, a jump in net income from $441,000 to $13.5 million, and an increase in diluted earnings per share from 1 cents to 16 cents.
Tuesday, February 12, 2002Penn National reported a record fourth quarter Monday with revenue climbing 48.1% and net income jumping 105.2%. The Pennsylvania racetrack and casino company also announced it will be offering 2.5 million in additional shares of common stock, which should generate about $74 million. Another 1 million shares will be offered at the same time by the Carlino Family Trust.
Monday, February 04, 2002Gtech, one of the county's largest lottery company and a one-third owner of Turfway Park, reported declines in earnings per share for its fourth quarter and fiscal year ending Feb. 24. Fourth quarter earnings fell 13.8% to 75 cents per diluted share, and earnings for the fiscal year dropped 51.5% to $1.25 per diluted share.
Friday, April 06, 2001Youbet.com, the online pari-mutuel wagering service, reported a 52% reduction in losses for its fourth quarter and a 41% reduction in losses for 2000. For the year ended December 31, 2000, the company's loss before an extraordinary net gain was $16.7 million or $0.86 per common share, a reduction of 32% from the loss of $24.5 million, or $1.45 per common share recorded for the full year 1999. Including the extraordinary item, Youbet.com's net loss for 2000 was $1.7 million, or $0.09 per common share.
Wednesday, March 28, 2001Gtech, a lottery company and co-owner of Turfway Park, announced today it was eliminating jobs as part of a large cut in operating expenses.
Thursday, February 22, 2001Magna Entertainment's stock dropped 10% Monday, the first day of trading following a company announcement that fourth quarter losses would be greater than anticipated.
Tuesday, February 13, 2001Revenue shortfalls at two Mississippi casinos and from Charles Town Race's slot machines are expected to give Penn National a soft fourth quarter.
Wednesday, December 20, 2000
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