349 0 Kommentare June 2014 Revenue Report Opening of Fiesta Casino Aurola in Costa Rica

PANAMA, REPUBLIC OF PANAMA--(Marketwired - July 11, 2014) - Thunderbird Resorts Inc. ("Thunderbird" or "Group") (EURONEXT:TBIRD)(FRANKFURT:4TR) reports the following revenues for June 2014. For a more detailed analysis of June 2014 revenue, please visit www.thunderbirdresorts.com and click on "June 2014 Revenue Report - Analysis" located on the home page under "News and Releases."

Thunderbird Resorts Inc. - Group-wide sales results by country (unaudited, in millions)⁽¹⁾	June 2014		June 2013		Year-over-year increase/(decrease)
Peru⁽²⁾	$	2.32	$	2.25	3.11	%
Costa Rica⁽³⁾⁽⁴⁾		0.97		1.15	-15.65	%
Nicaragua		1.13		1.18	-4.24	%
Total Consolidated Operating Revenues	$	4.42	$	4.58	-3.49	%

⁽¹⁾ Revenues reported are based on monthly average exchange rates, report same store revenues and are in USD millions. From month to month, exchange rate fluctuations could cause an impact on revenues as compared to the previous year.

⁽²⁾ 2014 and 2013 revenues consist of all gaming revenue in the country plus revenue from our fully-owned Fiesta Hotel and management fees for the Thunderbird Hotel - Pardo, Thunderbird Hotel - Carrera and Thunderbird Hotel - El Pueblo, which are owned by third parties.

⁽³⁾ Effective January 1, 2013, IFRS 11 changed the way that joint ventures are accounted for whereby proportional consolidation is no longer allowed and equity accounting should be applied to joint ventures. Until further notice and for the convenience of the reader and for the illustrative purposes of this monthly revenue report, the Group has elected to continue to show the Costa Rican joint venture proportional revenues, which vary from the way that the Group accounts for these revenues in our Interim and Annual Financial Statements.

⁽⁴⁾ In October 2013, we reduced 290 gaming positions in Costa Rica that cost more to maintain on the floor (because of per position gaming taxes) than their respective revenue. As a result, period revenue has dropped, but should be reflected in enhanced EBITDA from the related properties.

OPENING OF FIESTA CASINO AUROLA IN COSTA RICA