DOVER, Delaware - 26 January, 2012: Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE) today reported results for the fourth quarter and year ended December 31, 2011.

The Company’s revenues were $61,619,000 compared with $57,941,000 for the fourth quarter of 2010. As a result of better weather compared to 2010, gaming revenue increased 4.0% compared to the fourth quarter of last year from higher slot win and table game revenue for the quarter.

Gaming profits were higher compared to the fourth quarter of last year as a result of the revenue increases and from various cost cutting programs implemented during the year.

Other operating revenues improved to $6,600,000 from $5,026,000 due to increased rooms and food and beverage business attributable to the timing of Dover Motorsports’ fall NASCAR race weekend held in October this year vs. September last year and from increased convention business. Occupancy levels in the Dover Downs Hotel were approximately 87% for the fourth quarter of 2011 compared with approximately 83% for the fourth quarter of 2010.

Net earnings were $2,120,000, or $.07 per diluted share, compared with $501,000, or $.02 per diluted share for the fourth quarter of 2010.

Net earnings for the year declined 20% to $5,359,000, or $.17 per diluted share compared with $6,743,000 or $.21 per diluted share for 2010.

Denis McGlynn, the Company's President and Chief Executive Officer, stated: "Compared to last year, casinos in our region benefited from mild weather in the fourth quarter this year, especially in December. Additionally, our non-gaming activity was strong in the fourth quarter, in large part due to the October NASCAR race. Our year end results emphasize that increasing competitive challenges and high taxes will require us to continue to find efficiencies – a formidable task considering that we are in a customer centric business that necessitates continued investment in our facility and in our promotions and marketing initiatives."

The Company announced yesterday that its Board of Directors declared a quarterly dividend of $.03 per share payable on March 10, 2012 to shareholders of record at the close of business on February 10, 2012.

This release contains or may contain forward-looking statements based on management’s beliefs and assumptions. Such statements are subject to various risks and uncertainties that could cause results to vary materially. Please refer to the Company’s SEC filings for a discussion of such factors.

Owned by Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE), Dover Downs Hotel & Casino® is a premier gaming and entertainment resort destination in the Mid-Atlantic region. Gaming operations consist of approximately 2,500 slots and a full complement of table games including poker. The AAA-rated Four Diamond hotel is Delaware’s largest with 500 luxurious rooms/suites and amenities including a full-service spa/salon, concert hall and 35,000 sq. ft. of multi-use event space. Live, world-class harness racing is featured November through April, and horse racing is simulcast year-round. Professional football parlay betting is accepted during the season. Additional property amenities include multiple restaurants from fine dining to casual fare, bars/lounges and retail shops. For more information, please visit www.doverdowns.com.



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