Tag: financials

Olympic Entertainment Group sees net profit rise despite reduction in casino portfolio

Casino Olympic
Estonia-headquarted Olympic Entertainment Group (OEG) saw a rise in profit for the first half of 2018 despite the continuing reduction of its retail casino business. OEG reported gross revenue of E106.6m in the six months ending 30 June, a two percent improvement on the same period last year. Meanwhile, the company saw a 16.7 percent increase in net profit, which rose...

Novomatic posts double-digit revenue growth after US and Europe expansion

Novomatic
Following several noteworthy acquisitions and expansion into European regulated territory Novomatic has reported revenue for the first half of 2018 jumped 12.6 percent to $1.6bn. The gaming technology company stated earnings for the period rose 11.6 percent to $369.6m after six months of focused company growth. “This pleasing result confirms our strategy of consolidating our market leadership in existing markets and...

Genting Singapore sees Q2 profit rise despite fall in revenue

Genting Singapore
Resorts World Sentosa operator Genting Singapore reported net profit of SGD177.6m ($129.6m) for Q2 2018, compared to SGD143.3m in the same period last year. The improvement in profit was despite a six percent decline in revenue, the company said in filing on 3 August. Genting Singapore reported gaming revenue of SGD406. 1m for the three months to 30 June, down...

NOVOMATIC AG’s half-year result sees record revenue and clear earnings improvement

Novomatic
NOVOMATIC, Europe’s leading gaming technology group, recorded around 700 new employees in the first half of the 2018 financial year, with revenue increasing by 12.6 percent to a new record despite regulatory challenges. The firm's sales increased to EUR 1,365.3 million in the first six months, compared to EUR 1,212.0 million in the first half of 2017. The sales revenue...

Atlantic City’s summer lovin’

Atlantic City Hard Rock
Atlantic City’s two new market entrants and the opening of sportsbooks provided a boost for a market struggling to meet last year’s positivity. Eyes are now being cast forward to see how existing enterprises deal with the change. The latest figures from the New Jersey Division of Gaming Enforcement show that June proved a boon for the city’s gambling industry,...

AGEM releases July 2018 Index

The AGEM Index increased in July 2018. The composite index finished the month at 565.39 points, a gain of 19.02 points or 3.48 percent, compared to June 2018. The AGEM Index reported a year-over-year increase for the 34th consecutive month and has climbed 141.46 points, or 33.37 percent, since July 2017. During the latest period, eight of the 13 global...

Atlantic City bears brunt of stormy quarter

Atlantic City
Atlantic City’s casino properties saw their Q1 earnings drop my almost 12 percent compared to the same period last year despite all remaining profitable. All had seemed golden upon the sands of New Jersey as reports of an Atlantic City comeback appeared to vindicate themselves on a month by month basis throughout most of 2017. However, the latest figures for...

The proof is in the profits for Atlantic City

ICr - Atlantic City
That may have started as tentative speculation and later became whispered optimism has now been affirmed as a concrete fact, the Atlantic City casino industry has just posted its second successive year of growth.   The New Jersey Division of Gaming Enforcement has released its fiscal statements for the final month of 2017, highlighting overall land based revenue of $186.2m. Despite...

Everi completes repricing of $820m Term Loan Facility

loan
Everi Holdings, a provider of casino gaming products and payments solutions, announced today the repricing of its $820m Senior Secured Term Loan.   Under the amended term loan, the interest rate has been reduced by 100 basis points to LIBOR +3.5 percent from LIBOR +4.50 percent and includes six months of 101 soft call protection. The LIBOR floor remains unchanged at...

Scientific Games sees revenue up seven percent in Q3 results

Coinslot- Scientific -Games-increase sg
Gaming, lottery and interactive segments drove up Q3 revenues for Scientific Games, according to its latest financial results.   The company saw revenue rise seven percent to $768.9m, up from $720m compared with the same period for last year. Meanwhile, operating income in the three-month period rocketed 170 percent year-on-year from $33.5m to $90.6m, while net loss was slashed from $98.9m to $59.3m. However, the...

Deloitte names NSoft one of Central Europe’s fastest growing companies

NSoft Deloitte Feature Image
NSoft claimed seventh place in Deloitte's competition with its four years growth rate of 1,990 percent.     It marks the second year in a row that NSoft made it into the top ten, and remained the only company from Bosnia and Herzegovina in the competition. The Technology Fast 50 award winners for 2017 are determined based on the revenue growth from 2013...

Quixant sees revenues jump 38 percent

ICR - Quixant Australasia
Cambridge-based Quixant has reported group revenue growth of 38 percent to $56.9 million in the six months of the year to 30 June 2017.   COO Jon Jayal credited elevated demand worldwide and said the company continued to invest in its technology, pointing to three recently secured patents granted for gaming technology innovations. Jayal said: “I am delighted to report on a...

AGEM sees modest growth in stock performance report for August

Casino Review Association of Gaming Equipment Manufacturers agem
The Association of Gaming Equipment Manufacturers (AGEM) Index, which records the stock performance of 13 leading global gaming suppliers, has announced a slight increase on mixed stock performance in August 2017.   The composite index stood at 431.66 points at the close of the month, which represents an increase of 7.74 points, or 1.82 percent, when compared to July 2017....

Profits continue to rise for Monarch despite Black Hawk site expansion

monarch
Monarch Casino and Resort recorded a seven percent increase in net revenue for the first half of this year, amidst sweeping expansion of its estate.   The operator of Atlantis and Black Hawk casinos in the US, achieved revenues of $54m - with net income up almost 30 percent in the second quarter to $7.2m. John Farahi, co-chairman and chief executive officer...

Can’t Wynn them all: Wynn Resorts underperforms despite Macau rebound

Casino Review Wynn Palace Macau wynn resorts
Wynn Resorts second quarter revenue and adjusted earnings showed softer than expected mass-market results for its Macau business.   The company’s global operations - including Las Vegas and Macau - generated net revenues of $1.53bn for the second quarter of 2017, up 44.5 percent compared to $1.06bn in the same period a year earlier. However Wynn Resorts’ new Macau venue, the $4.3bn...

Intralot sees revenues up by 15 percent

icr intralot
Intralot, an international gaming solutions and operations provider, saw 15.1 percent revenue growth as it announced its financial results for the six month period ending 30 June, 2017.   Intralot Group CEO Antonios Kerastaris (pictured) said: “Continued double digit revenue growth and profitability improvements are directly linked to reforms implemented in the previous year and more specifically to our M&A and partnership...

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