Date: Fri, 19 Dec 1997 00:58:26 GMT Server: RapidSite/Apa-1.2.1 FrontPage Last-Modified: Fri, 15 Aug 1997 14:41:26 GMT ETag: "1447d0a-16d7-33f46a96" Content-Length: 5847 Accept-Ranges: bytes Connection: close Content-Type: text/html
FLORIDA GAMING CORPORATIONSTATEMENT OF OPERATIONS(UNAUDITED) |
|||||
|
|||||
Three Months Ended | Six Months Ended | ||||
June 30,1997 | June 30, 1996 | June 30,1997 | June 30, 1996 | ||
HANDLE: |
|||||
Jai-Alai | $ 25,225,117 | $795,457 | $ 54,414,727 | $ 3,665,582 | |
Inter- Track Wagering (ITW) | $ 14,286,418 | $5,368,428 | $ 28,976,938 | $ 11,493,570 | |
Total Pari-Mutuel Handle | $39,511,535 | $6,163,885 | $83,391,665 | $15,159,152 | |
REVENUES: |
|||||
On Site Mutuel Revenue, Net of | |||||
Pari-Mutuel taxes to State of Florida | $ 4,100,204 | $175,820 | $8,978,619 | $ 807,804 | |
Inter Track Mutuel Commissions | 1,272,672 | 533,852 | 2,639,501 | 1,140,602 | |
Net Pari-Mutuel Revenue | 5,372,876 | 709,672 | 11,618,120 | 1,948,406 | |
Cardroom Income | 99,649 | --- | 99,649 | --- | |
Admissions Income | 148,824 | 32,822 | 325,599 | 77,334 | |
Program, Food,Beverage and Other | 1,022,980 | 160,187 | 2,286,877 | 496,565 | |
Total Operating Revenue | $6,644,329 | $902,681 | $14,330,245 | $2,522,305 | |
EXPENSES: |
|||||
Operating | $5,027,498 | $806,651 | $9,943,955 | $2,139,357 | |
General and Administrative | 2,382,931 | 487,685 | 4,793,045 | 913,911 | |
Depreciation and Amortization | 73,711 | 48,600 | 291,722 | 97,200 | |
Summer Jai-Alai | 22,334 | --- | 22,334 | --- | |
Total Costs and Expense | 7,506,474 | 1,342,936 | 15,051,056 | 3,150,468 | |
Net Income (Loss) From Operations | $( 862,145 | $(440,255) | $(720,811) | $(628,163) | |
OTHER INCOME (EXPENSES) |
|||||
Interest and Other Income | 144,392 | 60,208 | 211,561 | 104,905 | |
Net Income (loss) | $(717,753) | $(380,047) | $(509,250 | $(523,258) | |
Earnings (loss) per Common Share | $ (0.15) | $ (0.11) | $ (0.11) | $ (0.16) | |
Earnings (loss) per Common Share (fully diluted) | N/A | N/A | N/A | N/A | |
Weighted Avg. Common Shares Outstanding | 4,916,825 | 3,321,972 | 4,688,763 | 3,261,093 |