CR59-p62&63-Business 2&3:SJC-Casino Review 19/8/07 13:01 Page 2
casinoreview
PokerTek, the manufacturer of automatic poker tables that are gaining
increasing popularity in Europe, has posted an increased second quarter
PokerTek loss. The company is blaming higher operating costs. The net loss for the
struggling
quarter was US$2.8m – increasing the deficit by $600,000 compared to
to reach
the same period ending June 30 last year. Operational expenses rose from
$2.7m in Q2/2006 to $3.9m in 2007. However revenues from sales and
the black
licensing fees of its PokerPro gaming system were up by more than 290
per cent from $314,264 to $915,696. There were 135 PokerPro tables
installed as at the end of the quarter compared to 14 a year earlier.
Good results round off
record year for WMS
New products and a new enthusiasm are clearly paying off at
WMS Industries, which has posted record revenues in both its
last quarter of the financial year and, indeed, for the whole year.
The company is anticipating further growth next year.
windinitssales
WMS INDUSTRIES
Revenue growth of 29 per
cent in the three months to
June 30, WMS Industries’
fourth quarter, represent-
ing sales of US$158m, con-
tributed to full year growth
in sales of 20 per cent to
$539.8m: both are record
figures for the company.
Net profit rose by 67 per
cent in the quarter to
$16.7m - up 47 per cent for
the year to $48.9m.
The last quarter also saw
new unit shipments
increase by 35 per cent to
7,555 gaming machines
with the installed base of
participation games up 17
per cent to 8,276.
“WMS’s record fourth
quarter results reflect our
Top Gun, one of the
innovative games by
continued success in
WMS that is helping the
developing and introduc-
company achieve ever
ing innovative new prod- improving results
ucts,” said Brian Gamache,
president and CEO. “We
delivered consistent and in many cases unique and generates from its partici-
solid growth in revenue proprietary - product offer- pation games, with year-
and earnings throughout ings squarely meet the on-year revenues up 16.7
fiscal 2007 and the funda- needs of the global gaming per cent to $173.5m, $48m
mentals of our business industry, while our plat- of which was generated in
remain sound. Our strong form to market these prod- the last quarter. The pro-
marketplace position is a ucts continues to expand portion of WMS’s income
direct reflection of the allowing us to increase our generated by participation
commitment and dedica- market penetration.” games remains steady at
tion of our talented world- He predicted that profits about 32 per cent.
wide base of employees, in the next financial year Revenues from product
from those who design and would rise to the $595m- sales in the quarter
develop industry-leading $615m range, despite chal- increased to $110m, up 35
products, to those who lenges arising from a less per cent on the same period
sell, produce, ship and strong replacement market last year. This figure includes
install them.” in the US. what the company terms a
He continued: “With “Importantly,” he added, ‘solid contribution’ from the
investments in next-gener- “we also expect to realise sales of mechanical reel
ation technologies, a global further improvements in products, which repre-
organisation of develop- our operating margin sented 21 per cent of the
ment studios and financial which, combined with the new shipments in the
resources further strength- anticipated revenue quarter. Shipments in the
ened by the record fiscal growth, is expected to gen- US increased by 18 per cent;
2007 results, we estab- erate even greater cash flow international shipments,
lished a solid base from from operations.” which now also include
which we expect to deliver While nowhere near the those made by Orion
consistent operating exe- levels achieved by its great Gaming, which WMS bought
cution in fiscal 2008 and rival, IGT, WMS is seeing a last year, have nearly
beyond. WMS’s broad - and steady rise in the income it doubled compared with the
same quarter last year.
“With the improvements
made over the past several
years in our product devel-
opment, manufacturing
and sales operations, we
have a high level of confi-
dence in achieving future
revenue and earnings
growth,” said Gamache.
“WMS has achieved a scale
of operating success that
we expect to leverage into
further profitability.”
September 2007 businessnews 63
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