Casino operator MTR Gaming Group remains confident of future growth despite having posted an 11.5% drop in total net revenue during the third quarter of 2013.
The firm recorded revenue of $128.9 million (€95.5 million) for the latest quarter through to the end of September, down from the $145.6 million achieved in the corresponding period last year.
Earnings before interest, tax, depreciation and amortisation in Q3 of 2013 also fell to $22.5 million, a 28.2% year-on-year decrease.
Despite the disappointing quarterly figures, MTR’s revenue for the first nine months of 2013 stands at $383 million, a 3.2% increase on the $371.2 million recorded in the same period last year.
In addition, adjusted EBITDA is also up 3.2% from $72.6 million in the first nine months of 2012 to $75 million this year.
“We remain extremely confident in the Columbus market and will continue to improve our existing operations through targeted marketing programmes, thoughtful capital improvements and cost containment initiatives that do not affect the guest service for which our properties are known,” MTR’s president and chief operating officer, Joseph L. Billhimer, said.
source : www.igamingbusiness.com
