Here’s an economic indicator of a different kind.
Thunderbird Resorts Inc., operator of the Fiesta Casino here, said that its June income dropped 16 percent in Costa Rica when compared to 2010. Still the company took in $1.5 million during the month, it said.
The company stock is traded so such income reports are routine.
“Revenue growth in the Group’s Costa Rica operations is continuing to be impacted by the recession, higher unemployment and a soft gaming market,” the company said.
At its casino in Perú, income was impacted by a smoking ban that went into effect March 29 in Lima, the company said.
The company showed declines in gaming revenue in Nicaragua (8.8 percent), the Philippines (less than 1 percent) and in Perú (7.4 percent), it said. However, revenue on its hotel operation in Perú was up 54.5 percent, it said because of additional properties being included.
For the month, the company reported $9.5 million income, down slightly from the 2010 figure of $9.7 million.