Thunderbird Resorts Inc. (FRANKFURT:4TR)(EURONEXT:TBIRD) reports the following revenues for June 2011:
|Thunderbird Resorts Inc. – Group-wide sales results by country (unaudited, in thousands)||June
|Costa Rica (1)||1,528||1,820||(16.0||%)|
|Peru Gaming (2)||1,876||2,024||(7.4||%)|
|Peru Hotel (4)||909||588||54.5||%|
|Total Consolidated Revenues||9,492||9,731||(2.5||%)|
- Revenue growth in the Group's Costa Rica operations is continuing to be impacted by the recession, higher unemployment and a soft gaming market.
- Peru gaming properties was impacted by a smoking ban that went into effect on 29 March 2011 in Lima, Peru. Management believes that the impact of the smoking ban will be diminished over time but there are no assurances.
- Revenue growth in the Group's Poro Point property in the Philippines was impacted by a smoking ban, where we also believe that the impact will be short term but cannot offer assurances. In Rizal, revenue has been temporarily impacted by ongoing construction that closed certain gaming areas.
- June 2011 revenues consist of revenue from the El Pueblo and Fiesta hotels and managements fees for the Thunderbird Hotels-Pardo, Thunderbird Hotels-Carrerra, Thunderbird Hotels-Bellavista, and Thunderbird Hotels-Principal; June 2010 revenues for comparison purposes only consist of revenue from the Thunderbird Hotels-El Pueblo and Thunderbird Hotels-Fiesta only, plus management fees for the Pardo hotel, that being the one hotel under management for June 2010.
Thunderbird is an international provider of branded casino and hospitality services, focused on markets in Central America, South America, Southeast Asia, and India.
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