Thursday, November 15, 2018
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Tag: Financial

Rank Group trading update shows little sign of landed recovery

Rank trading, economy, financial, mecca bingo
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...

Parkdean Resorts valuation booms on Brexit

Coinslot Parkdean Holiday resorts
The rocketing valuation of Parkdean Resorts since Brexit is a testament to the financial sector’s confidence in UK staycations post-referendum. Only a year after the UK’s largest holiday parks company was created, the owners of Parkdean Resorts are working on selling it off, expecting to fetch as much as £1.5bn for the deal. The caravan and camping monolith was formed only...

Brighton Pier ‘transforms’ new owner’s balance sheet

Coinslot Brighton Pier
The newly named Brighton Pier Group sees an immediate improvement in both profit and market value after acquiring the historic attraction in April. The new owners of Brighton Pier returned to profit this summer after a reportedly “transformational” year, thanks in part to its newly acquired centerpiece. Formerly known as Eclectic Bars, The Brighton Pier Group adopted the eponym after an...

Novomatic achieves record-breaking revenues in H1

Coinslot Novomatic bfg
A spate of successful acquisitions saw Novomatic smash its previous revenue records, turning over €1.1bn (£950m) in the first six months of the year.   Austria-based gaming giant Novomatic saw its revenues grow by 10.8 percent in the first half of 2016, with the company posting record-breaking turnover of €1.1bn (£950m). Earnings before interest, tax, depreciation and amortisation (EBITDA) stayed relatively flat...

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