Company Overview
Trans World Corporation (OTC-BB: TWOC) acquires, develops and manages gaming establishments around the world, which feature live and mechanized gaming, including video gaming device, such as video poker machines. The company operates five full-service casinos, four of which are owned and one is managed under contract.
Investment Highlights
- Trans World’s management team has led it to five consecutive years of positive and growing net income.
- Trans World is pursuing a strategy of expansion of its casinos and is reviewing additional gaming opportunities in Eastern Europe, where the team has experience.
- Trans World is developing a European-based hotel division with spas, full-service restaurants and conference centers, in order to compliment the gaming operation.
- Trans World’s stock is substantially undervalued at its current share price of $2.35 per share, given its earnings and growth prospects going forward.
Recent Developments
- August 2009 - Trans World announced that a Hungarian company in which it holds a 25% interest has won the government tender for "the making of a concession contract regarding the founding and operation of a Class I casino" in the administrative area of the Central-Transdanubian Region of Hungary.
- August 2009 - Trans World announced net income that rose 3.5% to $834,000 on revenues of $8,739,000 for the three months ended June 30, 2009. Live game attendance increased 12.6% and slot attendance increased 21.4%, but the drop-per-head decreased due to a younger, less affluent class of players. However, this was partially offset by higher food and beverage revenues.
- January to April 2009 - Trans World "soft-opened" its new Hotel Savannah on January 14, 2009 before its grand opening on April 16, 2009 with great fanfare and publicity. In addition to the invited guests, local officials, celebrities and press, the event was also attended by the 2009 Miss Austria and 2009 Miss Czech Republic.
Investor Relations Contact
Investors interested in learning more should complete the form at the top-right of this page, and may also contact the company's investor relations at the location below:
Trans World Corporation
545 Fifth Ave, Suite 940
New York, NY 10017, USA
Phone: 212-983-3355
Fax: 212-983-8129
Email: info [at] transwc [dot] com