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Dover Downs in Danger of Losing NYSE Listing

Dover Downs Casino

DOVER, Del. (AP) - Dover Downs Gaming & Entertainment has been notified by the New York Stock Exchange that the average closing price of its common stock has fallen below $1 over 30 consecutive trading days, the minimum price for continued listing on the exchange.

Under NYSE rules, Dover Downs has six months following Monday's notice to regain compliance with the minimum share price requirement or be subject to delisting.  The company also can regain compliance if it has a closing share price of at least $1 on the last trading day of any calendar month during the six-month period, and an average closing share price of at least $1 over the 30-trading day period ending on the last trading day of that month.

Dover Downs says it intends to cure the deficiency.

Don Rush is the News Director at Delmarva Public Media. An award-winning journalist, Don reports major local issues of the day, from sea level rise, to urban development, to the changing demographics of Delmarva.