Thunderbird Resorts Inc.

Thunderbird Resorts Inc.

July 12, 2011 20:03 ET

Thunderbird Resorts Inc.: June Revenue Numbers

PANAMA, REPUBLIC OF PANAMA--(Marketwire - July 12, 2011) - Thunderbird Resorts Inc. ("Thunderbird" or "Group") (FRANKFURT:4TR)(EURONEXT:TBIRD) reports the following revenues for June 2011:

Thunderbird Resorts Inc. – Group-wide sales results by country (unaudited, in thousands) June
Costa Rica (1) 1,528 1,820 (16.0 %)
Nicaragua 886 972 (8.8 %)
Philippines (3) 4,294 4,327 (0.8 %)
Peru Gaming (2) 1,876 2,024 (7.4 %)
Peru Hotel (4) 909 588 54.5 %
Total Consolidated Revenues 9,492 9,731 (2.5 %)
  1. Revenue growth in the Group's Costa Rica operations is continuing to be impacted by the recession, higher unemployment and a soft gaming market.
  2. Peru gaming properties was impacted by a smoking ban that went into effect on 29 March 2011 in Lima, Peru. Management believes that the impact of the smoking ban will be diminished over time but there are no assurances.
  3. Revenue growth in the Group's Poro Point property in the Philippines was impacted by a smoking ban, where we also believe that the impact will be short term but cannot offer assurances. In Rizal, revenue has been temporarily impacted by ongoing construction that closed certain gaming areas.
  4. June 2011 revenues consist of revenue from the El Pueblo and Fiesta hotels and managements fees for the Thunderbird Hotels-Pardo, Thunderbird Hotels-Carrerra, Thunderbird Hotels-Bellavista, and Thunderbird Hotels-Principal; June 2010 revenues for comparison purposes only consist of revenue from the Thunderbird Hotels-El Pueblo and Thunderbird Hotels-Fiesta only, plus management fees for the Pardo hotel, that being the one hotel under management for June 2010.


We are an international provider of branded casino and hospitality services, focused on markets in Central America, South America, Southeast Asia, and India. Our mission is to "create extraordinary experiences for our guests." Additional information about the Group is available on its World Wide Web site at

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 NYSE Euronext Amsterdam and other regulatory authorities.

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