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Spine thickness?? - Delaware North

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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

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