Thunderbird Resorts “deepens footprint”
Jack Mitchell described 2008 as a "transformational year" for the firm, which reported a 21.6 % increase in sales to us$ 47.7 million during the fourth quarter, compared to the corresponding quarter in 2007 on an adjusted basis.
Sales for the full year, meanwhile, were up 31.8 %. Fourth-quarter property EBITDA declined 2.8 % from the same period in 2007, while full-year EBITDA rose to us$ 47.5 million.
"The group set out to deepen our footprint in existing markets through both new properties and expansions and to open new markets with market-leading flagship properties," Mitchell stated.
"We saw our total number of gaming positions rise to over 7,400, our hotel room inventory reach 760, our food and beverage seats exceed 1,500, and all served by our highly skilled and valued employees whom now total over 5,700."
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