Thunderbird Resorts Inc.: May 2016 Revenue Report
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Thunderbird Resorts Inc. /
Thunderbird Resorts Inc.: May 2016 Revenue Report
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PANAMA, REPUBLIC OF PANAMA--(Marketwired - Jun 15, 2016) - Thunderbird Resorts
Inc. ("Thunderbird" or "Group") (EURONEXT:TBIRD)(FRANKFURT:4TR) reports the
following revenues for May 2016. For a more detailed analysis of May 2016
revenue, please visit www.thunderbirdresorts.com and click on "May 2016 Revenue
Report - Analysis" located on the home page under "News and Releases."
Group revenue for May 2016 vs. May 2015.
+------------------------------+-----+---------------------+-------------------+
|Group-wide sales by country - | May| May| Year-over-year|
|(unaudited, in millions)((1)) | 2016| 2015|increase/(decrease)|
+------------------------------+-----+---------------------+-------------------+
|Peru((2)) |$2.10| $2.42| -13.22%|
| | | | |
|Nicaragua | 1.19| 1.34| -11.19%|
+------------------------------+-----+---------------------+-------------------+
|Total Consolidated Operating | | | |
|Revenues |$3.29| $3.76| -12.50%|
+------------------------------+-----+---------------------+-- |
(1) Revenues reported are based on monthly average |
exchange rates, are same store and are in USD millions. |
|
(2) Revenues are generated primarily from gaming, and |
secondarily from our fully-owned Fiesta Hotel and from 2 |
hotels under management. |
------------------+
Important Note on Forex: The strengthening of the US dollar versus our operating
currencies continues to have a material impact on our business as compared to
the same period in 2015. Under a currency neutral analysis (in which the same
exchange rate would be applied to both periods), Group revenue would have
reduced by $190 thousand or 5.46%; Peru revenue would have decreased by $100
thousand or 4.55%; and Nicaragua revenue would have reduced by $90 thousand or
7.03%.
ABOUT THE COMPANY
We are an international provider of branded casino and hospitality services,
focused on markets in Latin America. The Company's home Member State is the
Netherlands where the shares are admitted to trading on the Euronext Amsterdam.
Our mission is to "create extraordinary experiences for our guests". Additional
information about the Group is available 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.
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
plesar(at)thunderbirdresorts.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#2021006]
Unternehmensinformation / Kurzprofil:
Datum: 15.06.2016 - 19:14 Uhr
Sprache: Deutsch
News-ID 477971
Anzahl Zeichen: 5056
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