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Thunderbird Resorts Inc.: December 2012 Revenue Report



2013-01-10 20:48:29 -


Thunderbird Resorts Inc. /
Thunderbird Resorts Inc.: December 2012 Revenue Report
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The issuer is solely responsible for the content of this announcement.

PANAMA, REPUBLIC OF PANAMA--(Marketwire - January 10, 2013) - Thunderbird
Resorts Inc. (FRANKFURT: 4TR)(EURONEXT: TBIRD) ("Thunderbird" or "Group")
reports the following revenues for December 2012. For a more detailed analysis
of December 2012 revenue, please visit www.thunderbirdresorts.com and click on
"December 2012 Revenue Report - Analysis" located on the home page under "News
and Press Releases".

-------------------------------------------------------------------------------
Thunderbird Resorts Inc. -
Group-wide sales results by
country (unaudited, in    December    December Year-over-year
millions)    2012 2011    increase/(decrease)
-------------------------------------------------------------------------------
Philippines 4.30 3.86 11.40%

Peru (1) 2.65 2.35 12.77%

Costa Rica 1.44 1.94 -25.77%

Nicaragua 1.26 1.07 17.76%
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Total Consolidated Operating
Revenues 9.65 9.22 4.66%
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(1) 2012 revenues consist of revenue from the Fiesta Hotel only plus management
fees for the Thunderbird Hotel - Pardo, Thunderbird Hotel - Carrera and
Thunderbird Hotel - El Pueblo; 2011 revenues consist of revenue from the Fiesta
Hotel only plus management fees for the Thunderbird Hotel - Pardo and
Thunderbird Hotel - Carrera.

* Consolidated operating revenues increased by 4.66% over December 2011 and
were the second highest monthly revenues in 2012. Revenues for 2012 were
$107.87 million as compared to $109.30 million for 2011, a decrease of $1.43
million. Revenues increased in all countries except Costa Rica.
* Philippines revenues increased by 11.40% over December 2011. Revenues for
2012 were $49.92 million as compared to $49.11 million for 2011, an increase
of $0.81 million.
* Peru revenues increased by 12.77% over December 2011 and continued the
month-to-month growth trend that began in August. Revenues for 2012 were
$28.99 million as compared to $28.07 million for 2011, an increase of $0.92
million.
* Costa Rica revenues decreased by 25.77% over December 2011. Revenue in
December was the highest since March 2012 and was up $240 thousand over
November. Revenues for 2012 were $16.27 million as compared to $19.83
million for 2011, a decrease of $3.56 million. Key factors impacting Costa
Rica revenues were the smoking ban imposed in Q2 2012, road construction
work leading to certain of our properties and construction work in our
Fiesta Presidente Casino. The highway construction work that has affected
our visitation traffic during 2012 will be ongoing into 2013 with possible
road closures as further bridge repair is still required. The construction
work at our Fiesta Presidente Casino was completed in December with small
details to be completed in January 2013.
* Nicaragua revenues increased by 17.76% over December 2011 and were the
highest revenues in over 12 months. Revenues for 2012 were $12.69 million as
compared to $12.29 million for 2011, an increase of $0.40 million.

Note: Revenues reported year-to-date are based on year-to-date average exchange
rates and report same store revenues. All revenue figures in this press release
are expressed in US dollars.

ABOUT THE COMPANY

We are an international provider of branded casino and hospitality services,
focused on markets in Asia and Latin America. Our mission is to "create
extraordinary experiences for our guests." Additional information about the
Group is available on its Website at www.thunderbirdresorts.com.

Cautionary Notice: This release contains certain forward-looking statements
within the meaning of the securities laws and regulations of various
international, federal, and state jurisdictions. All statements, other than
statements of historical fact, included herein, including without limitation,
statements regarding potential revenue and future plans and objectives of the
Group are forward-looking statements that involve risk and uncertainties. There
can be no assurances that such statements will prove to be accurate and actual
results could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Group's forward-looking statements include competitive pressures, unfavorable
changes in regulatory structures, and general risks associated with business,
all of which are disclosed under the heading "Risk Factors" and elsewhere in the
Group's documents filed from time-to-time with the AFM and other regulatory
authorities.


Contact Information
Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
plesar@thunderbirdresorts.com
www.thunderbirdresorts.com



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Source: Thunderbird Resorts Inc. via Thomson Reuters ONE
[HUG#1669719]


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