Dover Downs Gaming reports $706,000 loss for 2014

Dover Downs Gaming & Entertainment, Inc. ended the year with a loss of $706,000 as the company deals with intense competition and one fo the nation’s higher “take” rates by state government.

Net loss was for the fourth quarter was $516,000, compared with $418,000 a year earlier. The loss for the year was 706,000, compared with net earnings of $13,,000 in 2013.

The loss would have been greater had it not been for assistance from the state that came out of the end of legislative sessions in the last two years. Dover Downs also saw lower interest expenses on debt.

The company’s revenues were $45,711,000 for the fourth quarter of 2014 compared with $46,592,000 for the fourth quarter of 2013.

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