Wednesday, November 14, 2018
Astra Games Austin Powers LB

Tag: business

Scientific Games announces third quarter 2018 Results

sg gaming results
Scientific Games Corporation has announced its reported results for the third quarter ended September 30, 2018. Scientific Games also highlighted that its revenue growth reflects continued momentum and giving 'a clear avenue for deleveraging'. Third Quarter 2018 Financial Highlights: • Third quarter revenue rose 7 percent to $821.0 million, up from $768.9 million in the year ago period, reflecting $46.5 million in...

Trading places: Will amusements face a business block to Saudi?

amusements, business, Saudi Arabia, Riyadh
As western business cold-shoulders the FII in Riyadh over the Khashoggi issue, the nerves of the UK amusements industry could be tested over its engagement with the lucrative Middle East market. Will there be a time when we need to talk about Saudi? Leading international business executives gave Saudi Arabia a wide-berth last at one of the leading trading shows...

Acknowledging the need for change in Rank

John O'Reilly
As the Rank Group posts disappointing financials for the past twelve months, its new helmsman John O’Reilly lays out how he plans to right the ship for the years ahead. You have now been in the business for four months, what have been your first impressions? JO: Since joining I have been made to feel very welcome and I have met...

Wetherspoons denied machine licence in Birmingham

Birmingham
Regional regulatory authorities have shot-down plans for a fifth AWP at the Arthur Robertson in Birmingham. Pub and play-time do not go together under this regime. Local legislators in Birmingham are adamant that the addition of an extra Cat C gaming machine at a local Wetherspoons pub will cause havoc amongst pub-goers. Management at the Arthur Robertson pub - embedded within...

Dumfries parents aim to DIY the FEC

Dumfries
A couple in the Scottish town of Dumfries are so desperate for a local FEC that they have decided to try and operate one for themselves. So far, the team of two have spent six months and £13,500 of their £15,000 budget identifying two suitable sites for the FEC, one in a new building and the other in an undisclosed...

Rank’s profits suffer amidst new regulatory landscape

Business Meeting
The Rank Group’s first raft of financials under the leadership of John O’Reilly see the company’s management facing an uphill battle, as the real impact of the Gambling Commission’s new due-diligence measures on the UK’s landed casino sector starts to be felt Chief executive of the Rank Group and industry stalwart John O’Reilly has insisted that the company is “undervalued”...

Oasis Retail Services hits £9m turnover milestone

Gambling
Gaming and amusement firm Oasis Retail Services has seen its turnover grow to £9m according to a recently released financial report. For the year ending 31 December 2017, the company saw operating profit increase by eight percent to £2.4m and overall turnover grow by 6.3 percent. A statement accompanying the report read: “We are extremely pleased with the overall performance of...

British high street far from dead, say Deloitte

High Street
Latest retail figures from the ONS have elicited commentary from Deloitte’s head of retail, who insists that the high street is successfully reinventing itself. The British high street is bouncing back and is far from on its last legs, suggests one of the country’s leading retail analysts. The remarks come as the Office of National Statistics release new data, which show that...

Confusion delays opening of Barry Island Pleasure Park rollercoaster

Barry Island
It is just the latest in a series of obstacles the Welsh amusement park has faced since it came under new ownership. Barry Island Pleasure Park has once again met with local authority bureaucracy. he owner of Barry Island Pleasure Park has defended its new rollercoaster after the attraction’s launch date was delayed by safety inspectors. The seaside amusement park had...

SG Gaming: Keeping ahead of the curve

SG-Gaming-Equinox
Rick Mountney, UK director of content development at SG Gaming comments on the latest trends in the sector. The digital gaming market is one of the most progressive sectors of the market at present and as a result the need to stay on the forefront of it is especially pertinent for content creators. As a result the onus is on...

People on the Move at Embed

Embed
Enhancing its commitment to supporting customers, Embed’s US office has promoted key personnel to new positions in the organisation. Danny Mondragon now oversees all Embed system deployments, remote or on-site, as Head of Installations. Also, two former project managers have assumed newly-created roles: Salena Cigan is Embed’s Head of Customer Onboarding and Martin Baugh is the new Strategic Partnerships Manager. An...

Let the good times roll – UK adults spending more and more on fun

bowling
Brits are apparently willing to spend a lot more on joy than they used to - that’s according to new research from market research firm the Mintel Group. Over the course of the past five years, their study of the UK leisure industry tracked a whopping 17 per cent hike in spending on entertainment - to £129bn. The gains were aided...

Cashless under review as 300 ATMs close per month

ATM cashpoint
ATM network provider Link has launched an independent review into the effect of a cashless society on communities and small businesses, but many in the amusements industry are already feeling the crunch from cash machine closures. A review into how Britain’s increasingly cashless society is affecting communities and small businesses has been commissioned by ATM network provider Link, with the...

Extent of high street woes revealed

High Street
The trials and tribulations of Britain’s high streets have been long discussed and now an investigation published by The Mirror has revealed the numbers behind the talk. In total the report states that since 2010 the high street has lost more than 17,000 businesses. The British pub market has born the brunt of much afflicting the UK consumer space. Demographic discrepancies...

Bourne Leisure hits £1bn in turnover as King slams the government

Bourne Leisure
Slowly but surely, Bourne Leisure has grown into a business with over £1bn in turnover. But while the company’s 2017 financial results are strong, managing director Dermot King thinks the location of operation - the Great British seaside - has been let down by government. Bourne Leisure achieved a group turnover of just over £1bn in 2017, an increase of...

UK roundup: Yorkshire coastlines, tourism, and British pubs

Coinslot tourism BHA
Concerns raised over coastal BID Concerns have been raised over a business improvement district designed to help boost the east Yorkshire coastline. Later this year more than 1,700 tourism businesses will go to ballot over the project but some in the industry have voiced worry about the impact of paying another levy on top of business rates. Industry awaits NI tourism...

London Resorts push for multiple licence partners

Rollercoaster
The seemingly perennial planning stage of the £3.5bn London Resorts theme park is rolling one once more with the release of new information around licence partnerships. The project had started under the banner of entertainment giants Paramount but a split between the company and developers London Resorts Company Holdings (LRCH) was announced last year. It is now understood that the group...

“Yes, Minister in real life”: New UK insurance rules dampen staycation spirit

UK Seaside
As the warm weather continues to boost staycation figures across the country, a new insurance directive - extended beyond its original intention by the UK government - is costing B&B and hotel owners, and by association the entire tourism and attractions industry. UK-based B&B and hotel operators are being forced to choose between paying-up to insurance companies or providing a...

Business round-up: Rates reform, Huggables, and Butlin’s new digital firm

accounts/tax
New calls for rates reform The British Retail Consortium has added its voice to the business rates debate, describing the latest iteration as “an outdated and unfair tax”. The group has called for a two-year freeze and a town centre policy review on the levy that has come under increasing fire in the last two governmental budgets. Huggables moves home Huggables, a...

Bingo hall requires investment lifeline

Byron Bingo
A struggling bingo hall in Hucknall, Nottinghamshire is facing the threat of closure if an investor cannot be found within the next month. The owner of Byron Bingo, Tharmalingam Sritharan, fears that the business he has proudly run for 14 years may face closure this month unless a suitable investor can be found to help turn the site’s fortunes around....

Verdant Leisure up 18 percent in first quarter

Verdant Leisure
Holiday park operator Verdant Leisure has reported an 18 percent hike in first-quarter sales on the back of a rising level of staycations. The company, with eight holiday parks in Scotland and the north of England, projects that revenue will rise this year by £10 million. “2017 was a great year for Verdant Leisure, we invested heavily in our portfolio, improved...

Bolloms secure finance to complete Mumbles Pier restoration

Mumbles Pier
The owner of Mumbles Pier has secured £1.6m to refinance an existing bank loan and carry forward work to restore the much-loved attraction. The Bollom family had already carried out considerable work on the pier, with works in keeping with its original Victorian grandeur, including an upgraded beach hut café and a premium fish and chip restaurant, Copperfish, which opened...

Northern Ireland turns staycation corner

Northern Ireland
Last year was a record breaking one for tourism in Northern Ireland according to government figures, with the continuing staycation boom making up close to half of all trips. The tourism industry in Northern Ireland contributed an all time high £926m to the national economy in 2017 according to recently released statistics. The country welcomed some 4.85m overnight trips throughout the...

UK AGC operator Praesepe appoints Bruns and Lüngen to succeed Harding

Praesepe
Gauselmann Group subsidiary, and major UK adult gaming centres operator, Praesepe, has announced the appointment of Stefan Bruns and Börris Lüngen as new CEO and CFO respectively. Both Bruns and Lüngen have a wealth of experience in the international sector. Having arrived at Gauselmann in 2014, Bruns, along with Athanasios Isaakidis, was responsible for operating the German firm’s machine supply subsidiary,...

Club 3000’s plan deemed too far away from town centre by contradictory committee

Club 3000
Blackpool Council’s planning committee has recommended the refusal of Club 3000’s plan to turn a retail park pub into a bingo hall due to the site in question being 300m too far away from the town centre boundaries. While acknowledging the application represents “significant inward investment into the town”, the planning committee recommendation stated the proposals fail to satisfy the...

Palace Pier entrepreneur wants to takeover i360

i360 Brighton
The boss of Brighton’s Palace Pier has approached the council in a bid to takeover operations of the town’s i360. Entrepreneur Luke Johnson approached the council after news that operators of the struggling tourist attraction had requested a significant delay to £6 million in loan repayments, due to be repaid over the next six years. In a letter to the council,...

MP appeals to Pontins over site future

Pontins 2
Brandon Lewis, MP for Great Yarmouth, has written to the directors of the Northern Trust to ascertain if any parties had expressed interest in turning the former Pontins site in Hemsby into a tourism destination. It has been more than a decade since the property was operational and the trust has since outlined a plan to turn the area into...

Flamingo Land reveal Loch Lomond plans

Loch Lomond
Flamingo Land has released its plans for the proposed development at Loch Lomond as the operator seeks “planning permission in principle” for the attraction. The blueprints include a 60 room hotel, 105 self-catering lodges, 20 houses, a monorail, a brewery, a leisure area, restaurants and retail areas,with the surrounding woodland to be used for forest adventure rides, tree top walks...

Project MD warns against under investment in Cat C

Tony Boulton Project regional
Project managing director Tony Boulton has reiterated the company’s commitment to Category C, warning of the dangers of ignoring part of the product mix that accounts for circa 30 percent of an AGC’s profits. Speaking shortly after Project had confirmed its latest pipeline of product for the popular 5 Star Games, Category C compendium, he stated: “Due to the lead...

Impressive first half year half financials for Hollywood Bowl

Hollywood Bowl
An interim results presentation from Hollywood Bowl has shown significant progress being made by the company across all performance metrics. New openings, the culminations of refurbishments and continued buoyancy within the UK indoor leisure sector has seen Hollywood Bowl record positive growth in the first half of its latest financial year. An interim results presentation for the period up to 31...

STAY CONNECTED

0FansLike
0FollowersFollow

PRODUCTS