Thunderbird Resorts Inc.: May 2013 Revenue Report
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Thunderbird Resorts Inc.: May 2013 Revenue Report
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PANAMA, REPUBLIC OF PANAMA--(Marketwired - June 13, 2013) - Thunderbird Resorts
Inc. ("Thunderbird" or "Group") (FRANKFURT: 4TR)(EURONEXT: TBIRD) reports the
following revenues for May 2013. For a more detailed analysis of May 2013
revenue, please visit www.thunderbirdresorts.com and click on "May 2013 Revenue
Report - Analysis" located on the home page under "News and Press Releases".
+---------------------------------------------------+-----+-----+--------------+
| | | |Year-over-year|
|Thunderbird Resorts Inc. - Group-wide sales results| May| May| increase/|
|by country (unaudited, in USD millions)((1)) | 2013| 2012| (decrease)|
+---------------------------------------------------+-----+-----+--------------+
|Philippines |$4.06|$4.35| -6.67%|
| | | | |
|Peru((2)) | 2.56| 2.48| 3.23%|
| | | | |
|Costa Rica((3)) | 1.13| 1.31| -13.74%|
| | | | |
|Nicaragua | 1.19| 1.09| 9.17%|
+---------------------------------------------------+-----+-----+--------------+
|Total Consolidated Operating Revenues |$8.94|$9.23| -3.14%|
+---------------------------------------------------+-----+-----+--------------+
(1) Revenues reported are based on monthly average exchange rates, report same
store revenues and are in USD millions.
(2) 2013 and 2012 revenues consist of all gaming revenue in the country plus
revenue from our fully-owned Fiesta Hotel and management fees for the
Thunderbird Hotel - Pardo, Thunderbird Hotel - Carrera and Thunderbird Hotel -
El Pueblo, which are owned by third parties.
(3) Effective January 1, 2013, IFRS 11 changed the way that joint ventures are
accounted for whereby proportional consolidation is no longer allowed and equity
accounting should be applied to joint ventures. Until further notice and for the
convenience of the reader and for the illustrative purposes of this monthly
revenue report, the Group has elected to continue to show the Costa Rican joint
venture proportional revenues, which may vary from the way that the Group will
account for these revenues in our Interim and Annual Financial Statements.
ABOUT THE COMPANY
We are an international provider of branded casino and hospitality services,
focused on markets in Asia and Latin America. Our mission is to "create
extraordinary experiences for our guests." Additional information about the
Group is available on its Website at www.thunderbirdresorts.com.
Cautionary Notice: This release contains certain forward-looking statements
within the meaning of the securities laws and regulations of various
international, federal, and state jurisdictions. All statements, other than
statements of historical fact, included herein, including without limitation,
statements regarding potential revenue and future plans and objectives of the
Group are forward-looking statements that involve risk and uncertainties. There
can be no assurances that such statements will prove to be accurate and actual
results could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Group's forward-looking statements include competitive pressures, unfavorable
changes in regulatory structures, and general risks associated with business,
all of which are disclosed under the heading "Risk Factors" and elsewhere in the
Group's documents filed from time-to-time with the AFM and other regulatory
authorities.
Contact Information
* Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
plesar(at)thunderbirdresorts.com
www.thunderbirdresorts.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thunderbird Resorts Inc. via Thomson Reuters ONE
[HUG#1709453]
Unternehmensinformation / Kurzprofil:
Datum: 13.06.2013 - 23:21 Uhr
Sprache: Deutsch
News-ID 269715
Anzahl Zeichen: 5267
contact information:
Town:
El Cangrejo, Apartado
Kategorie:
Business News
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