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View Full Version : $36 million dollar drop in Exuma


Lurker
08-08-07, - 11:00 PM
This een good news. I was reading the business section of the Guardian. Emerald Bay in Exuma, which is in receivership had more bad news. They just announced casino revenues of $9.9 million, down from $46 million for the same period last year. Holey Moley that's a $36 million drop.

http://www.thenassauguardian.com/bixex/289541945622193.php

androsann
08-08-07, - 11:07 PM
Lurker, I'm not questioning you but I think you need to go back and re-read that article. I read it as being that Pinnacle (who run the casino as well as several others else where) had the 9.9 million income. At the Exuma casino the (quote) adjusted earnings before interest, taxes and depreciation had also dropped for the second quarter of this year, down to $2.0 million. That's a decline of $200,000 from last year's results.

gullyrock
08-08-07, - 11:08 PM
Ouch!

Lurker
08-08-07, - 11:38 PM
Lurker, I'm not questioning you but I think you need to go back and re-read that article. I read it as being that Pinnacle (who run the casino as well as several others else where) had the 9.9 million income. At the Exuma casino the (quote) adjusted earnings before interest, taxes and depreciation had also dropped for the second quarter of this year, down to $2.0 million. That's a decline of $200,000 from last year's results.


You are absolutely right -- it was the American company that had the decline overall.

It doesn't bode well at all.