Elixir Gaming provides update on its Philippine operations
While venues experienced minor damage as a result of the storm, they anticipated that its venues will gradually resume normal business activity in the next couple of weeks. Only two of its venues in operation suffered some water damage and damage to our machines and equipment was minimal.
Despite the impact from the storm and the effect of the previously announced adverse weather conditions in recent months in the Philippines, the firm remains on track to achieve gaming participation revenue for the third quarter of 2009 approximately in line with second quarter 2009 levels.
Clarence Chung, Chairman and CEO of the company, commented, “We are deeply saddened by these tragic events and our thoughts and sympathies are with the Philippine people whose lives have been impacted. In addition, we would like to thank our team in the Philippines who proactively and tirelessly worked to minimize damage to our facilities.”
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