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Dover Downs Gaming Q1 loss narrows YOY

Dover Downs Gaming & Entertainment Inc. said its normalized net income for the first quarter amounted to a loss of $121,880, compared with a loss of $191,880 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to negative 0.3% from negative 0.4% in the year-earlier period.

Total revenue came to $44.7 million, compared with $44.3 million in the prior-year period, and total operating expenses came to $44.7 million, compared with $44.3 million in the year-earlier period.

Reported net income came to a loss of $321,990, or a loss of 1 cents per share, compared to a loss of $320,830, or a loss of 1 cents per share, in the prior-year period.