Thunderbird Resorts Inc.: Sales Report for Second Quarter 2009>
Thunderbird Resorts Inc.: Sales Report for Second Quarter 2009
(Thomson Reuters ONE) - PANAMA, REPUBLIC OF PANAMA--(Marketwire - July 09, 2009) -Thunderbird Resorts Inc. ("Thunderbird") (CNSX: TBI.U) (FRANKFURT:4TR) (EURONEXT: TBIRD) reports the following unaudited sales resultsfor the three month period ended 30 June 2009:---------------------------------------------------------------------------Thunderbird Resorts Inc. -Group-wide sales resultsby country (unaudited) Q2 2009 -(in thousands) April 2009 May 2009 June 2009 Total---------------------------------------------------------------------------Panama $ 4,667 $ 4,663 $ 4,959 $ 14,289Costa Rica (1) 1,654 1,597 1,496 4,747Nicaragua 1,143 1,127 1,045 3,315Guatemala 326 374 374 1,074Philippines 3,555 3,846 4,018 11,419Poland 253 250 303 806Peru Gaming 1,815 2,061 1,963 5,839Peru Hotel 1,015 1,063 1,007 3,085Others 26 25 24 75---------------------------------------------------------------------------Total net gaming wins and other sales $ 14,454 $ 15,006 $ 15,189 $ 44,649---------------------------------------------------------------------------(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 2009Half-Yearly Financial Report which is scheduled to be released on 27August 2009.ABOUT THE COMPANYThunderbird Resorts Inc. is an international provider of brandedcasino and hospitality services, focused on markets in Central and,South America, Southeast Asia, India and Eastern Europe. Our missionis to "create extraordinary experiences for our guests." Additionalinformation about the Group is available on its World Wide Web siteat www.thunderbirdresorts.com.Cautionary Notice: This release contains certain forward-lookingstatements within the meaning of the securities laws and regulationsof various international, federal, and state jurisdictions. Allstatements, other than statements of historical fact, includedherein, including without limitation, statements regarding potentialrevenue and future plans and objectives of the Group areforward-looking statements that involve risk and uncertainties. Therecan be no assurances that such statements will prove to be accurateand actual results could differ materially from those anticipated insuch statements. Important factors that could cause actual results todiffer materially from the Group's forward-looking statements includecompetitive pressures, unfavorable changes in regulatory structures,and general risks associated with business, all of which aredisclosed under the heading "Risk Factors" and elsewhere in theGroup's documents filed from time-to-time with the NYSE EuronextAmsterdam and other regulatory authorities.Contacts:Thunderbird Resorts Inc.Kevin McDonaldInvestor Relations(858) 668-2503kevin.mcdonald(at)thunderbirdresorts.comThunderbird Resorts Inc.Michael G. FoxChief Financial Officermfox(at)thunderbirdresorts.com / info(at)thunderbirdresorts.comwww.thunderbirdresorts.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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