Dover Downs Commences Offer - Thursday 22nd of December 2005

DOVER, Delaware – Dover Downs Gaming &Entertainment, Inc. (NYSE: DDE) today commenced its previously announcedtender offer to purchase up to 1,063,937 shares of its common stock and up to1,325,468 shares of its Class A common stock at a fixed price of $14.50 pershare.

The number of shares proposed to be purchased in the tender offerrepresents approximately 10% of the Company's shares outstanding. Based onthe closing price of the Company's common stock of $12.20 per share on the NewYork Stock Exchange on December 14, 2005, the last trading day before thetender offer was announced, the offer represents a premium of 18.9%.

The offer and withdrawal rights will expire at 5:00 P.M., New York Citytime, on Thursday, January 19, 2006, unless extended. The Company expects topay for tendered shares with available cash on hand and amounts borrowed underthe Company's unsecured revolving credit facility, as recently amended.

The Company's Board of Directors has authorized this tender offer as aprudent use of financial resources given the Company's business, assets andcurrent stock price, and an efficient means to provide value to stockholders.The offer represents an opportunity for the Company to return cash tostockholders who elect to tender their shares while at the same timeincreasing non-tendering stockholders' proportional interest in the Company.

Neither the Company nor its Board of Directors, dealer manager, depositaryor information agent is making any recommendation to stockholders as towhether to tender or refrain from tendering their shares into the tenderoffer. Stockholders must decide how many shares they will tender, if any.

The Dealer Manager for the tender offer is Raymond James & Associates,Inc. Mellon Investor Services LLC is the Information Agent and Depositary.

Other news from around the same time

Casino Arizona Hits Atronic Jackpot - Thursday 22nd of December 2005

SCOTTSDALE, Arizona – ATRONIC, leading producer ofslot machines, celebrates the latest Arizona ....


GoldenPalace.com to Saw Pete Rose's Bat - Thursday 22nd of December 2005

NEW YORK – The Internet casino that boughtbaseball legend Pete Rose's allegedly corked bat now p....


Pacific Poker Offers Safety Measures - Wednesday 21st of December 2005

Popular Mac online poker rooms like Pacific Poker offer a Java based poker room which some playe....


FastWin Casino Living Up to Name - Wednesday 21st of December 2005

FastWin Casino opened its doors to players on December 1st 2005 and within one week had its first....


Leroy's Names Director for Northern Nevada - Wednesday 21st of December 2005

LAS VEGAS – American Wagering, Inc. (OTC Bulletin Board: BETM) today announced that Leroy's Hor....


Station Casinos, Greenspun Corp. Sign Agreement - Wednesday 21st of December 2005

LAS VEGAS Station Casinos, Inc. (NYSE: STN) and The Greenspun Corporation today announced that t....


Harrah's to Sell Assets - Wednesday 21st of December 2005

LAS VEGAS Harrah's Entertainment, Inc. (NYSE:HET) announced it has signed a definitive agreement....


What Is the Preferred Position for Shooters at a Craps Table? - Wednesday 21st of December 2005

Frank, In chapter 3 of your new book, The Golden Touch Dice ControlRevolution, it states that Go....


Aces.com Poker Tournament Champ Wins Super Bowl Weekend - Wednesday 21st of December 2005

LAS VEGAS, Nevada Every week, Aces.com awards a pair of NFL tickets to winners of its Super Bowl....


Behind the Scenes of New 'King of Vegas' Reality Show - Monday 6th of February 2006

p>An amateur gambler is competing heads-up against a professional bettor.Who feels more pressure?And....