Item 1.01 Entry into a Material Definitive Agreement
On June 12, 2014, Dover Downs Gaming and Entertainment, Inc. modified its credit
agreement with its bank group. The modification extends the maturity date of
the credit agreement from June 17, 2014 to August 15, 2014. All other terms of
the credit agreement remain unchanged.
As disclosed in more detail in our Form 10-Q for the quarter ending March 31,
2014, we are currently seeking to refinance our credit facility; however, there
is no assurance that we will be able to execute this refinancing or, if we are
able to refinance the credit facility, that the terms of such refinancing would
be as favorable as the terms of our existing credit facility.
A copy of the agreement is attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
10.1 Modification and Reaffirmation Agreement between Dover Downs
Gaming and Entertainment, Inc. and Citizens Bank
, National Association, as
agent, dated as of June 12, 2014