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14<br />
Financial Overview<br />
Among the qualities for which <strong>Delaware</strong> <strong>North</strong><br />
is most respected is its financial stability. Despite<br />
a weak global economy, the company again<br />
met its financial objectives and finished 2009<br />
with more than $2 billion in revenue. With<br />
200 locations in seven market sectors that are<br />
served by 50,000 associates around the world,<br />
<strong>Delaware</strong> <strong>North</strong> is one of the largest privately<br />
held companies in existence.<br />
<strong>Delaware</strong> <strong>North</strong> was able to take advantage of a<br />
buyer’s market and its own financial standing to<br />
acquire four hotels in <strong>North</strong> America and five<br />
prestigious, one-of-a-kind resorts in Australia,<br />
giving the company a lodging foothold there.<br />
In addition, it was able to make the necessary<br />
financial commitments to win important new<br />
business at the New Meadowlands Stadium and<br />
to rebid and win the contract for the operation<br />
of Kennedy Space Center Visitor Complex<br />
for NASA.<br />
$ 2.1 Billion<br />
Annual revenue<br />
207<br />
Forbes rank<br />
200<br />
Locations<br />
50,000<br />
Associates<br />
300<br />
Retail locations<br />
500 Million<br />
Guests served<br />
With signs of economic improvement dawning,<br />
<strong>Delaware</strong> <strong>North</strong> has its objectives clearly in focus:<br />
Concentrate on steady growth while<br />
maintaining shareholder-return thresholds;<br />
Manage the balance sheet to investmentgrade<br />
standards;<br />
Expand owned assets in core businesses; and<br />
Continue to be opportunistic.<br />
Revenue by Operating Company<br />
Gaming & Entertainment 31%<br />
Sportservice 23%<br />
Parks & Resorts 16%<br />
Travel Hospitality Services 11%<br />
International 11%<br />
Boston Bruins 4%<br />
TD Garden 3%<br />
Other