International edition
September 24, 2021

The firm opened a casino in Peru and an Event Center in the Philippines

Thunderbird closed it polish operations

(Poland).- Thunderbird is shutting down its Polish operations because it had negative EBITDA, estimated US$ $366,000 in 2010. This closure is expected to be a net positive contributor to Group EBITDA and earnings in 2011.

P

oland represented less than 2% of the Group’s worldwide revenues last year. Thunderbird has advanced approximately US$ 150K to support this closure. The operations will be liquidated in accordance with the Polish Commercial Companies Law.

 

Thunderbird also announce the opening of the Luxor Casino in the city of San Pedro de Tacna, Peru. Tacna is a city in southern Peru and the regional capital of the Tacna Region. It is located on the border with Chile, inland from the Pacific Ocean and in the valley of the Caplina River.

 

The Luxor Casino opened with a mix of 10 casino gaming tables and is the only casino located in the province department of Tacna. Thunderbird had been operating the facility in Tacna as a “slot parlor” with 147 slot machines since 2008 and with the addition of these tables will operate as a full casino.

 

The company also announced the opening of a 950 square meter event center at Thunderbird Resorts, Rizal property in the Philippines. The purpose of the event center is to:

 

• attract more customers for our casino and hotel facilities by renting the event center and by hosting our own events;

• increase demand for our food and beverage business through event catering and increased

property traffic;

• continue to position the property as a recreational venue for the east side of Metro Manila; and

• drive earnings growth because we forecast revenue growth to outpace growth in expenses.

 

Thunderbird has also expanded the casino by adding an additional 100 slot machines and 28 table positions. The firm is awaiting final regulatory approval to open these new gaming positions to the public and expect an announcement on the same in the near future.

 

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