CR59-p62&63-Business 2&3:SJC-Casino Review 19/8/07 13:01 Page 1
casinoreview
Progressive Gaming International of $4.9m, which includes a one- With a revenue rise of 13 per cent to US$269.6m in the three months
has reported a net loss of off charge of $1.4m to settle a
Italy
to June 30, Scientific Games has turned a net profit of $27.1m, up by
US$34.23m for its second debt and resolve a legal dispute.
pushes
US$2.1m. The half-year revenues were reported at $511.8, up from
quarter, compared to a loss of However, this is an improvement $447.8m in the first half of 2006. Lorne Weil, chairman & CEO, said:
$14.4m in the same period last on the $13.6m loss reported in Scientific “Italy continued to achieve record sales and our 20 per cent
year. With results complicated by Q2 last year. Another bright spot
Games
ownership of the consortium contributed approximately $10.4m in
PGIC reports
on-going major restructuring, it was an increase in revenues on
growth
equity income during the second quarter. It has truly exceeded our
increased loss in Q2 also reported a net loss on continuing operations of 59 per initial expectations and serves as a model for future international
continuing operations (systems) cent to $18.8m. growth opportunities such as China, Mexico and Germany.”
SFC aiming to
be significant
French player
Having embarked on
reverse takeover in April 2006 opment provided that new
its first full financial
in which the leisure and share arrangements were
amusements company La Tête made with Frameliris. Eight
year since acquiring
dans les Nuages bought out days later than planned, on
new owners, Société
the 55.55 per cent share of July 24, SFC paid Partouche
Française de Casinos
the casino and hotel operator 5m euros it had borrowed, SFC’s Port-la-Nouvelle casino in Gruissan on the Mediterranean coast
owned by the Partouche and plans to pay the remain-
has managed to
Group and set up a holding der by October 31, which give
increase its turnover company, Société Holding de the company time to under- 7.59m euros (up from 6.86m level of visitors to the casinos “We have applied for
by an impressive ten
Casinos. Last May, La Tête dans take a financial restructuring. euros in the comparable and to retain their loyalty.” licences to hold Hold’em tour-
per cent despite the
les Nuages changed its name SFC operates three casinos, results from the same period It added: “Like the spa, the naments in the casinos of
to Société Française de Casino Gruissan, which also last year), of which the casinos are affected by the Gruissan and Châtel-Guyon.
necessary upheaval. Casinos, emphasising its includes a hotel and Port-la- casinos and their associated season: the summer period is Because of the current
determination to become an Nouvelle in the south- hotels accounted for 5.8m one of stronger activity as the enthusiasm surrounding
turnaround important player in the western Aude region on the euros. The company still casinos are located in tourist poker, this new offer will
SOCIÉTÉ FRANÇAISE DE CASINOS French casino industry. The Mediterranean coast, and recorded a net loss of 893,300 areas. In addition, the costs allow us to significantly
rest of the company is owned Casino Châtel-Guyon, part of euros, but this was half the associated with the acquisi- improve the attractiveness
Société Française de Casinos by Frameliris. spa complex in the Massif 1.67m-euro loss recorded in tion by Société Holding de of the casinos. We are also
(SFC) has reported an Partouche sold its share in Central, as well as non-gaming first half of 2005/6. Casinos have affected the progressively introducing
increase in its turnover of 10.6 the company for 10m euros activities such as simulators In a statement, the results dramatically (600,000 slot machines that will be able
per cent in its first half, the six in cash, which it allowed the in amusement parks. company said: “In the course euros in the period).” to accept very small stakes
months to April 30, 2007. company an extra 15 months Altogether, the company of this half year, the group The company is planning and which are equipped with
SFC was involved in a to pay in order to fund devel- generated a turnover of has pursued its development hard to extract itself from this note acceptors.
strategy. To counter the necessary period of turbu- “In the current financial
effect of the start of entry lence. In the second half of year, we anticipate annual
controls to gaming rooms this financial year, it intends growth in line with our objec-
on November 1, the to continue its development tives and intend to continue
company has put into place plans and to exploit every our policy of development in
‘card clubs’, which have opportunity available to it order to become a main player
allowed us to maintain the under the new regulations. in gaming in France.”
More profits
second quarter of the current
year. Gross margins grew to
62 per cent for the quarter,
for IGT
compared to 58 per cent last
year with year to date figures
up two percentage points to
60 per cent.
The number of units
recordreturns shipped increased signifi-
IGT cantly by 57 per cent from the
third quarter of last year to
The world’s leading slot 36,900 units, thanks to a major
machine manufacturer, IGT, order of 14,900 from Japan.
has reported an increase in TJ Matthews, chairman
profits, delivering a record and CEO of the company,
third quarter thanks to strong said: “IGT delivered another
sales growth and continuing quarter of solid results with
excellent returns from partic- new records set on a number
ipation games. of fronts, despite lower
The company’s profits replacement demand in
rose from US$114.1m in Japan and a challenging
three months to June 30 last domestic market. We remain
year to $136.4m in the same optimistic on our future
period this year. This trans- prospects for growth in inter-
lates to an aggregate profit national markets and will
of $385.6m in the current continue to focus on expand-
year-to-date, up 7.5 per cent
TJ Matthews,
ing out international prod-
from $358.8m in the first nine chairman & CEO of IGT ucts and sections.”
months of FY2005/6.
Turnover for the quarter
increased 15 per cent to
$706.5m, of which $341.9m
was generated by participa-
tion games, up 8.5 per cent,
and $364.6 by product sales,
up 22.5 per cent.
As of the end of June, the
installed base of IGT’s partici-
pation games had reached
58,200, some 12,000 units
more than in the same quarter
last year and 3,400 than in the
62 September 2007 businessnews
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