PANAMA, REPUBLIC OF PANAMA--(Marketwire - Oct. 10, 2012) - Thunderbird Resorts Inc. ("Thunderbird" or "Group") (FRANKFURT:4TR)(EURONEXT:TBIRD) and reports the following revenues for September 2012:
For a more detailed analysis of September 2012 revenue, please go to the Company's web page at: www.thunderbirdresorts.com and click on "September 2012 Revenue Report - Analysis", which will be located on the home page under "News and Press Releases".
|Thunderbird Resorts Inc. - Group-wide sales results by country (unaudited, in millions)
|Total Consolidated Revenues
1 Philippines experienced a major typhoon in August 2012 that our markets are still recovering from as many area residents are investing their time and resources into home repairs. Also, one of the key roads to our Rizal property remains closed as of this report, making it more difficult for a particular market area to reach this property.
2 2012 revenues consist of: a) All gaming revenue; b) Revenue from our wholly owned Fiesta Hotel; and c) Revenue from management fees for the Thunderbird Hotel - Pardo, Thunderbird Hotel - Carrera and Thunderbird Hotel - El Pueblo; 2011 revenues consist of all of the above excluding management fees from the Thunderbird Hotel - El Pueblo, which was owned by the Group rather than under management at that time.
3 A smoking ban in Costa Rica went into effect in early April 2012 that we believe is impacting on revenue over the near term as the market adjusts to the new restriction.
NEW BOARD MEMBER: The board of directors has appointed a new director, Marie Madeleine Linter. Ms. Linter is a licensed attorney since 1982. In addition, she received a Master of Comparative Law from the University of San Diego along with a Master of Business Administration from the University of St. Gall in Switzerland. Over the years Ms. Linter has been heavily engaged in corporate development and strategic planning with several companies and has taken on the role of an "engagement manager" for a health care company. Ms. Linter set up a consulting firm to coach privatization projects, and has headed due diligence teams on various projects. Since 2012 she has been on the board of LC Partners AG in Switzerland. Her combined know-how of law and economy and the management of international companies will certainly add value to the Company's business.
ABOUT THE COMPANY
Thunderbird Resorts owns and operates integrated resorts anchored by casinos and standalone casinos in Asia and Latin America. Our mission is to "create extraordinary experiences for our guests." Additional information about the Group is available at www.thunderbirdresorts.com.
Cautionary Notice: This release contains certain forward-looking statements within the meaning of the securities laws and regulations of various international, federal, and state jurisdictions. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential revenue and future plans and objectives of the Group are forward-looking statements that involve risk and uncertainties. There can be no assurances that such statements will prove to be accurate and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Group's forward-looking statements include competitive pressures, unfavorable changes in regulatory structures, and general risks associated with business, all of which are disclosed under the heading "Risk Factors" and elsewhere in the Group's documents filed from time-to-time with the AFM and other regulatory authorities.