Recommended Stocks In the News: Time
to Buy the Company Voted 'Best Racino'
Dover Downs Raceway
& Slots, our choice for the best stock in the gaming industry
(read more here about
why we chose Dover Downs), recently was voted 'Best Racino.'
Details can be found in this release:
Monday September 29,
4:27 pm ET
DOVER, Del., Sept. 29 /PRNewswire-FirstCall/
-- Dover Downs Raceway & Slots, owned by Dover Downs Gaming
& Entertainment (NYSE: DDE - News) was named Best Racino
in the Country in the October 2003 issue of Strictly Slots
Magazine. According to the magazine, Strictly Slots readers
chose Dover Downs as their favorite casino/racetrack in the
entire country. In fact, the magazine stated that Dover Downs
garnered so much voting support that they finally had to create
a "Best Racino" category.
"We are proud of
the "Best Racino" vote," stated Denis McGlynn,
President and CEO of the Company, "especially since the
survey polled slot customers across the country. Our strategy
of differentiating our property by becoming the region's premier
destination resort is clearly paying off. We owe our more
than 1,000 employees credit for their commitment to providing
all of our customers the best entertainment experience possible."
The Company opened the Dover Downs Hotel
and Conference Center in April of 2002 and has been consistently
enjoying very high occupancy rates -- averaging more than
93% in the quarter ending June 2003. The luxury hotel has
served as the perfect complement to the newly established
Platinum Club players program which has shown consistent growth
in membership and win since its inception in June, 2003.
Dover recently received legislative approval
to expand its operating hours and add 500 new video lottery
machines, which the Company believes should be installed by
early 2004. The new legislation has also allowed for the introduction
of many new "Franchise" games into the State. Regulatory
changes will also allow the Company to begin to extend credit
to its customers, another plus for Dover's Platinum Club members.
This release contains or may contain forward-looking
statements based on management's beliefs and assumptions.
Such statements are subject to various risks and uncertainties
that could cause results to vary materially. Please refer
to the Company's SEC filings for a discussion of such factors.
Dover Downs Gaming & Entertainment,
Inc. is a diversified gaming and entertainment company whose
operations consist of Dover Downs Slots -- an 80,000 square
foot video lottery (slots) casino complex; the Dover Downs
Hotel and Conference Center -- featuring luxury accommodations
with conference, banquet, fine dining, ballroom and concert
hall facilities; and the Dover Downs Raceway -- a harness
racing track with pari-mutuel wagering on live and simulcast
horse races.
Press release source: Dover Downs
Gaming & Entertainment, Inc.
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