Revenue Update on Dover Downs Gaming & Entertainment(NYSE:DDE)

Dover Downs Gaming & Entertainment(NYSE:DDE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Earnings per share were $0.02.

Dover Downs Gaming & Entertainment (DDE) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -1.94% at a volume of 13,856. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.04. The peak price level was also seen at $1.04 while the days lowest was $1.01. Finally the shares closed at $1.01. The 52-week high of the shares is $1.1901 while the 52-week low is $0.82. According to the latest information available, the market cap of the company is $33 M.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Henry B Tippie (director 10% owner) purchased 27,497 shares at $1.00 per share price.

Dover Downs Gaming & Entertainment Inc. is a gaming and entertainment resort. The Company’s operations consist of Dover Downs Casino Dover Downs Hotel and Conference Center and Dover Downs Raceway. Dover Downs Casino is a 165000 square foot casino complex featuring popular table games including craps roulette and card games such as blackjack Spanish 21 baccarat 3-card and pai gow poker slot machine offerings multi-player electronic table games the Crown Royal poker room a Race and Sports Book operation the Dover Downs’ Fire and Ice Lounge the Festival Buffet Doc Magrogan’s Oyster House and Frankie’s Italian restaurant. Dover Downs Hotel and Conference Center is a 500 room AAA Four Diamond hotel with a service spa or salon conference banquet ballroom and concert hall facilities. Dover Downs Raceway is a harness racing track with pari-mutuel wagering on live and simulcast horse races.

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