| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
32 |
| Employees |
1,225 |
| Revenues (TTM) (Millions $) |
180 |
| Net Income (TTM) (Millions $) |
0 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
4 |
Business Description
Dover Downs Gaming & Entertainment Inc. is a publicly-traded company that operates as a gaming and entertainment company. The company is primarily focused on providing casino-style gaming facilities, horse racing events, and hospitality services, including hotel accommodation, dining options, and event spaces.
The company was founded in 1967 under the name Dover Downs Harness, as part of the operation of the Dover Downs racetrack, which opened in 1969. The company extended its operations in 1995 by opening a casino at the facility, and it went public later that same year.
Dover Downs operates a range of gaming machines and table games, such as slots, video poker, roulette, blackjack, and craps, in its casino. The company also offers sports betting and a poker room. The propertyes gaming floor spans 165,000 square feet, accommodates approximately 3,000 slot machines, and comprises 40 gaming tables.
Additionally, Dover Downs offers horse racing events, such as harness and thoroughbred racing, in its track, where it holds its seasonal racing events. The company operates two horse racing seasons e one in the spring and the other in the fall e and offers simulcast wagering on horse races from around the country throughout the year.
Dover Downs provides various types of hospitality services, including hotel accommodation, food and beverage options, event coordination, and spaces. The company's hotel, operated under the Dover Downs Hotel & Casino brand, consists of 500 rooms and suits, as well as an indoor pool, a spa, fitness center, conference rooms, and ballrooms with a capacity of over 1,000 people.
In terms of the regulatory and legal environment, the company operates under the oversight and licensing of the Delaware Lottery, which regulates all gaming activities in the state. The company also provides responsible gaming programs and support services for people with gambling problems.
As of 2021, Dover Downs Gaming & Entertainment Inc. is a subsidiary of Twin River Worldwide Holdings Inc., a Rhode Island-based casino company that acquired the company in 2019.
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