Last year was a period of transition for Thunderbird Resorts, the company's president and chief executive officer has claimed.
Jack Mitchell described 2008 as a "transformational year" for the company, which reported a 21.6 per cent increase in sales to $47.7m during the fourth quarter, compared to the corresponding quarter in 2007 on an adjusted basis. Sales for the full year, meanwhile, were up 31.8 per cent.
Fourth-quarter property EBITDA declined 2.8 per cent from the same period in 2007, while full-year EBITDA rose to $47.5m.
"The group set out to deepen our footprint in existing markets through both new properties and expansions and to open new markets with market-leading flagship properties," Mitchell stated. "We saw our total number of gaming positions rise to over 7,400, our hotel room inventory reach 760, our food and beverage seats exceed 1,500, and all served by our highly skilled and valued employees whom now total over 5,700."
