Thunderbird Resorts Inc.: Sales Report for Second Quarter 2009
PANAMA, REPUBLIC OF PANAMA, Jul 9, 2009 (Marketwire via COMTEX) -- Thunderbird Resorts Inc. ("Thunderbird") (CNSX:TBI.U)(FRANKFURT:4TR)(EURONEXT:TBIRD) reports the following unaudited sales results for the three month period ended 30 June 2009:
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Thunderbird Resorts Inc. -
Group-wide sales results
by country (unaudited) Q2 2009 -
(in thousands) April 2009 May 2009 June 2009 Total
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Panama $ 4,667 $ 4,663 $ 4,959 $ 14,289
Costa Rica (1) 1,654 1,597 1,496 4,747
Nicaragua 1,143 1,127 1,045 3,315
Guatemala 326 374 374 1,074
Philippines 3,555 3,846 4,018 11,419
Poland 253 250 303 806
Peru Gaming 1,815 2,061 1,963 5,839
Peru Hotel 1,015 1,063 1,007 3,085
Others 26 25 24 75
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Total net gaming wins
and other sales $ 14,454 $ 15,006 $ 15,189 $ 44,649
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(1) During the third quarter of 2008, the Group acquired a controlling
interest in the entity that holds the Fiesta Casino Holiday Inn Express
(formerly Garden Court) operation, and as a result began consolidating
that operation at 100 percent beginning 1 September 2008. The balance of
the Costa Rican operation is a joint venture of the Group and its
results of operations are proportionally consolidated into the Group's
financial statements, therefore the table above represents the Group's
50 percent share in all the operations other than the Holiday Inn
Express property which is reported at 100 percent. The Group owns
controlling interest in all other countries and accordingly sales are
reported at 100 percent. For details of Group ownership at the country
level please refer to the Group's Annual Report 2008.
A full business update will be provided in the Group's 2009 Half-Yearly Financial Report which is scheduled to be released on 27 August 2009.
ABOUT THE COMPANY
Thunderbird Resorts Inc. is an international provider of branded casino and hospitality services, focused on markets in Central and, South America, Southeast Asia, India and Eastern Europe. Our mission is to "create extraordinary experiences for our guests." Additional information about the Group is available on its World Wide Web site 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 NYSE Euronext Amsterdam and other regulatory authorities.
SOURCE: Thunderbird Resorts Inc.
CONTACT: Thunderbird Resorts Inc.
Kevin McDonald
Investor Relations
(858) 668-2503
kevin.mcdonald@thunderbirdresorts.com
Thunderbird Resorts Inc.
Michael G. Fox
Chief Financial Officer
mfox@thunderbirdresorts.com / info@thunderbirdresorts.com
www.thunderbirdresorts.com
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INDUSTRY KEYWORD: Lifestyle and Leisure/Recreation
Travel and Hospitality/Casinos/Gambling
Travel and Hospitality/Hotels
Travel and Hospitality/Tourism
SUBJECT CODE: STOCK/OTHER MARKET NEWS
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