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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 $191,880, compared with a loss of $888,130 in the year-earlier period.

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

The normalized profit margin increased to negative 0.4% from negative 2.0% in the year-earlier period.

Total revenue fell year over year to $44.3 million from $45.5 million, and total operating expenses declined on an annual basis to $44.3 million from $46.4 million.

Reported net income totaled a loss of $320,830, or a loss of 1 cents per share, compared to a loss of $958,770, or a loss of 3 cents per share, in the year-earlier period.