Dover Downs

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Dover Downs
DoverDownsSportsbook.jpg
Dover Downs' Sports Lounge (2011)
Location 1131 North DuPont Highway
Dover, Delaware
Coordinates 39°11′21″N 75°31′58″W / 39.189201°N 75.532675°W / 39.189201; -75.532675Coordinates: 39°11′21″N 75°31′58″W / 39.189201°N 75.532675°W / 39.189201; -75.532675
Owned by Dover Downs Gaming & Entertainment
Date opened 1969
Race type Harness racing
Official website

Dover Downs Gaming & Entertainment (NYSEDDE) owns Dover Downs Hotel & Casino, a hotel and casino that has a racing facility that holds harness horse racing on a .625 miles (1.006 km) track and NASCAR events on a 1 mile (1.6 km) concrete surface. The Sprint Cup track is now known as Dover International Speedway, and the Dover Downs name is used for horse racing events. The owner of the facility, Dover Downs, is headquartered within the facility housing both tracks.

Dover Downs Hotel & Casino features dining, accommodations and conference space. Primary features of Dover Downs Hotel & Casino include a hotel, dining options, over 2,700 slot machines, 40 table games, and the Rollins Center, an 18,000-square-foot (1,700 m2) multipurpose ballroom which features entertainment as well as hosting business conferences, conventions and banquets. Steelman Partners was the original architects and interior designers in 1995.[1]

Opened in autumn 2007, the expanded hotel added 268 additional rooms, including 52 suites, and 11 spa suites for a total of 500 hotel rooms. This makes Dover Downs Hotel & Casino the largest hotel in Delaware.[2] The hotel features a 6,000-square-foot (560 m2) spa, Toppers Spa/Salon, which opened December 29, 2007.[3]

In spite of venturing into the online gambling realm in late 2013,[4] net earnings for the second quarter of 2014 for Dover Downs Entertainment, Inc. (DDE) were $164,000 compared with $491,000 for the second quarter of 2013.[5] A $90 million line of credit obtained in 2011 expired in June 2014, but it was extended until Aug. 15. On August 14 a new financing arrangement had been secured for a reduced line of credit according to an SEC filing on that date.[6]

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