boyanebyboqasavo.blogspot.com
The Shakopee-based card club and race track reported revenueof $11.5 million, down from $12.1 millioj during the same period last year. Its earnings fell to $892,377, or 21 cents per share, for the down from $1.2 million, or 26 cents per share, during the comparable period of 2006. Canterburgy (AMEX: ECP) said its revenue from simulcast bettinv dropped almost 10 percent due to competition fromonlined wagering. The company said it also had to canceol several races during the quarter due tocold Canterbury's card club revenue also dropped 6.2 a decline the company blamed partly on a "waningf interest nationwide" in poker.
Competition from area casinozs also contributedto declines, the compan said. Canterbury said it has responded to saggin g earnings byimplementing cost-cutting measures. The firm cut its operatinbg expenses by almost 1 percent duringthe quarter. Thosd cuts included spending less on advertisinbgand maintenance.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment