Monday, September 28, 2020

Tag: Financial

International business proves driving force behind Gauselmann Group’s renewed increase in 2019 revenues

Gauselmann HQ
The Gauselmann Group’s standing as an international powerhouse was confirmed recently when its 2019 sales revenues saw a rise of nearly 7 percent.

William Hill retail momentum halted by lockdown

William Hill retail momentum halted
William Hill retail business was climbing its way out of a FOBT-shaped hole quite nicely until Covid-19 struck, but now the firm faces its biggest challenge yet.

GVC prepares for £150m Covid-19 loss

Ladbrokes Coral shop front GVC Holdings
GVC has stated the effect of Coronavirus is expected to hit earnings by up to £150m, with a number of high-profile international sporting and racing events cancelled or postponed.

William Hill suspends proposed dividend payout

william hill fobt
William Hill has suspended its proposed dividend amid warnings that the cancellation and postponement of sporting fixtures could lead to a £110m drop in..

Online profits help GVC beat out annual consensus by £50m

Ladbrokes Coral shop front GVC Holdings
GVC says it weathered a challenging 2019 admirably, with online gains more than compensating for its FOBT losses.

Rank Group H1 figures boosted by Stride bingo acquisition

Rank Group figures
Mecca and Grosvenor owner the Rank Group has reported a 14 percent increase in NGR for the last six months of 2019, with the October acquisition of Stride Gaming adding an £18m boost to its half year figures.

Wetherspoons to open new premises in early 2020

Pub Wetherspoons
JD Wetherspoons has set out plans to add up to fifteen new pubs to its roster next year as the firm continues to post strong sales figures across food and gaming.   In its Q3 financial report, the pub chain revealed that total sales were up 5.6 percent against the same period last year, and 5.3 percent on a like-for-like basis. In...

Ten Entertainment strike ten percent sales growth in H1

Ten entertainment bowling
Bowling operator Ten Entertainment Group announced a sales growth of 9.6 percent during the first half of 2019, with 2.2 percent of that coming from new

Hollywood Bowl rides high on back of improvements roll-out

Hollywood Bowl lanes
Continued refurbishment at Hollywood Bowl’s entertainment complexes is already paying dividends for the company, according to its latest financials.

William Hill: US growth and online acquisitions come to the rescue

William Hill US online growth
William Hill CEO Philip Bowcock remained positive announcing the firm’s Q119 results, highlighting two percent revenue growth. But as the real story lay beneath..

FOBT revenues tumble 40 per cent, say betting shops

Paddy Power Betfair FOBT stakes
Early indications from major betting shop firms suggest that new FOBT stakes has slashed B2 revenue by around 40 per cent.

Fight not over for BBPA despite positive pub figures

BBPA Fight positive pub figures
The BBPA has stated the industry “cannot be complacent,” despite a recent report from Altus Group highlighting a 44 percent decline in pub closures..

Merlin sets “consistent” aim to marketplace

Merlin Entertainments Legoland Billund
Riding on record visitor numbers for 2018, Merlin has updated shareholders at its annual general meeting that trading is performing “in line with..

Healthy growth for Hollywood Bowl

Hollywood Bowl Ten Pin Lanes
Things are going well at Hollywood Bowl, with the company having grossed around £120m in revenue last year - representing growth of 5.8 per cent on its 2017 haul

NSM reports impressive contactless sales

NSM Music
NSM are driving the cashless concept in music provision at venues across Britain and it’s making its mark. Alex Kirby prepares us for the ultimate question: “Did you really carry bits of metal and paper around with you? Leading jukebox manufacturer NSM Sales has announced Q1 sales figures which underline claims that a cashless Britain is closer than we might...

Rank Group trading update shows little sign of landed recovery

mecca bingo caller
Another muted set of numbers from the Rank Group has seen the value of the company’s stock slide - but its landed division may still hold the key to success online. A trading update from the Rank Group had investors less than enthused last week, with numbers for the past 16 weeks detailing a 5 per cent drop in like-for-like...

Investment key to growth in Flamingo Land returns

Flamingo Land
The owners of Yorkshire’s Flamingo Land have set a clear example of how investing in your key assets can pave the way to increased success.   Major investment in key areas of Yorkshire’s Flamingo Land theme park has yielded welcome growth in both turnover and pre-tax profits. The Malton-based facility, which comprises a theme park, zoo and holiday village, saw pre-tax...

Time is money according to Maggi’s Paul Yorke

Coinslot - Maggi Paul Yorke money
Time is money so the old adage goes, and now in a market of constant change and currency co-circulations, the phrase has never been so relevant, comments operations manager at Maggi Electronics, Paul Yorke.   Service doesn’t end at sale, and for those operating in a market as mercurial as that of coin op what happens past the point of purchase...

Scientific Games reports seventh consecutive quarter of growth

ICR - Scientific report growth
Scientific Games has recorded its seventh consecutive quarter of year-on-year growth as the company announces intent to refinance a portion of its debt.   Scientific Games Corporation has released its second quarter 2017 results for the second quarter ended June 30, 2017 and announced plans to take advantage of favorable market conditions to refinance a portion of its debt to lower...

GC report shows cost of regulating the industry continues to rise

Coinslot - GC report reports
The Gambling Commission’s annual report for the year 2016/17 paints a picture of hard work and gritty determination in driving its objectives through. But the price tag continues to rise, quite significantly, despite a contraction of landbased premises faced with increased regulatory requirements. Almost £21 million in, the inevitable question of value for money will undoubtedly be posed by...

Sean Patrick explores the cashless tipping point

Coinslot - sean patrick cashless tipping point
As the UK increasingly becomes a cashless society, Sean Patrick, owner of Harbour Amusements, contemplates which alternative payment system would best suit his arcade in St. Ives, Cornwall.   In journalist Malcolm Gladwell’s book, ‘The Tipping Point: How Little Things Can Make a Big Difference’, he defines a tipping point as “the moment of critical mass, the threshold, the boiling point”. Down...

Brighton Pier brightens first year financial results

Coinslot - Brighton pier financial results
The first year of Brighton Pier Group PLC’s acquisition of the city’s Palace Pier has delivered encouraging financial results.   The Brighton Pier Group PLC has reported strong profit growth in the first half of its financial year, as revenue grew off the back of the improving UK tourism market. The company bought the pier a year ago in April, before which...

New quid on the block set to hit UK streets

Coinslot - New pound coin UK
The UK will finally see the introduction of the new 12-sided pound coin next week, and although the transition for operators is proving costly, improved security can only be a good thing going forward.   The new 12-sided - or to those that way inclined, dodecagonic - pound coin is coming into circulation on 28 March, with operators bracing for the...

Scientific Games announces pricing of private add-on offering

Coinslot Scientific Games price add on
Scientific Games issues an add-on offering of £0.8 bn of 7.000 percent senior secured notes due in 2022. Scientific Games International (SGI), a wholly owned subsidiary of Scientific Games Corporations and parent of the UK’s SG Gaming, has issued an add-on offering of £0.8 bn of 7.000 percent senior secured notes due in 2022 in a private offering. These secured notes...

The Rank Group posts encouraging digital results in half-year report

Coinslot Rank Group Henry Birch
The latest half-year results have been announced by The Rank Group Plc, with strong showings across digital operations. The British gambling company, The Rank Group Plc, has confirmed its latest half-year results with a focus on digital operations and strategic progress in 2017. Rank’s group revenue saw an overall rise of 2% during the period with digital revenue performing strongly with...

Hollywood Bowl boost sales with refurbishments and new machines

Coinslot Hollywood Bowl
Refurbishments by the UK’s biggest tenpin operator, Hollywood Bowl, boosted sales at the newly listed group last year. Changes include the installation of 900 new arcade machines, a restaurant called Hollywood Diner, and nicer bars with lounge areas. “We’ve completely updated the experience,” chief executive Stephen Burns said. “Most bowling alleys were set up in the late seventies and eighties to...

Photo-Me click with record performance results during 2016

Coinslot Photo-Me
Photo-Me International Plc has announced strong results for the first six months of its 2016 interim report with revenue growth of 19.2 per cent. Photo-Me International Plc posted record performance figures for the six month period ending 31 October 2016. The record-breaking results included a key revenue growth of 19.2 per cent, with significant numbers driven by the launch of the...

Mitchells and Butlers weather tough year in 2016

Coinslot Mitchells Butler
Mitchells and Butlers (M&B) has released its full year results for the period ending 24 September, some revealing worrying declines for the pub giant. Full year like-for-like sales were down 0.8 percent, contributing to an operating profit of £318m - some £10m short of the previous year. Revenue and operating profit both saw small, but meaningful, declines, while profit before tax...

Marston’s celebrate eight percent profit increase per pub

Coinslot Marston's Pub Company
The Marston’s pub company has had a good year, with the creation of 22 new pubs and bars and a profit increase of eight percent per pub. Marston’s preliminary annual accounts have shown that their average profit per pub has increased by eight percent in the past year. The figures also revealed that underlying pre-tax profits have risen by 7.1...

Autumn Statement: Mixed, modest and for the medium term

Coinslot chancellor Autumn Statement Philip Hammond REVIEW
As the new chancellor of the exchequer announces modest changes to wages, business rates and corporation tax, industry assesses the implications of the first fiscal package since Brexit.   The new chancellor Philip Hammond’s first (and apparently last) Autumn Statement was littered with tidbits for Britain’s shopkeepers, with net reactions ranging between strong, safe, and slightly disappointing. Among the headline announcements for...