March 31, 2005 Editor: Ian Madsen, mba, cfa, Editor
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MarginsDuring the fourth quarter, the EBITDA margin dipped to 13.3%, down 300 bps from 16.3% in the corresponding year-ago quarter. Total operating expenses were higher by 8.7% year-over- year at $182.1 million, versus $167.6 million during the same period in 2003. Operating income was significantly lower, declining to $10.6 million from $17.8 million in the earlier fiscal. Operating margins are expected to contract in FY2005 due to higher marketing costs from promoting The Quarter in Atlantic City, as well as ramp up activities at its several properties. However, increased returns in the Midwest casinos are expected to offset the decline to a certain extent.  Download 141.57 Kb. Share with your friends:
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