Tag: financials

Betfred in the red again

Betting shop operator Betfred added nicely to its revenues last year, but the cost of preparing for the hit to its FOBT business put profits back and into..

Parkdean Resorts sees holiday sales jump despite adverse conditions

Parkdean Resorts Financials
Parkdean Resorts has confirmed turnover for 2018 jumped seven percent from £402.4m to £432.2m, thanks to a seven percent increase in total holiday sales to 572,047.

Rank Group revenue enjoys quarterly rise

Rank Group saw a one percent revenue increase for the three months up to 31 March. Rank Group, owners of the Mecca Bingo and Grosvenor Casino brands, announced the rise as it updated investors on performances during the third fiscal quarter. Whilst Rank Group saw an increase in overall revenue like-for-like revenue for the period remained flat. At the group's Mecca Bingo...

Gaming revenue up at Spoons, but don’t mention the B word

Gaming revenue, increase, Wetherspoons, financials
Machine income at Wetherspoons was up by nearly 6 per cent in the second half of last year - according to the pubco’s latest financial report. That metric fit into a wider picture of revenue upturn, with total sales up 6.3 per cent on the 2017 comparative, to £889.6m. Nevertheless, pre-tax profit was actually down by 19 percent to £50.3m, a...

Weston clocks over 750,000 visitors for the year

Weston-super-Mare’s Grand Pier
Weston pier’s management have heralded what was a “funtastic” 2018 - despite severe climatic obstacles. Weston-super-Mare’s Grand Pier managed to attract over three quarters of a million people throughout 2018 - despite facing challenging business headwinds in the first half of the year. The pier’s management has claimed total visitation to December 1 in excess of 750,000 (set to rise further...

Spend per head up as Majestic Bingo post confident 2017 results

coinslot Bingo numbers
With both main stage bingo and machines performing strongly for Majestic Bingo in 2017, the operator will continue its strategy of refurbishments and acquisitions for the years ahead, all while developing new customers and fresh gaming products. Majestic Bingo has posted a one percent growth in overall customer stake money for 2017, with customer spend per head increasing from £16.99...

Gauselmann annual report shows sales up 15.8%

Gauselmann Group
The Gauselmann Group in Germany has enjoyed a fantastic 60th anniversary year with its annual report showing a sales increase of 15.8 percent to €2.93bn. The increase in sales for the firm comes at a difficult time in its domestic market after a Federal Court decision in mid-2017 saw severe legal restrictions come into effect forcing many arcades to close. The...

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...

NOVOMATIC AG’s half-year result sees record revenue and clear earnings improvement

NOVOMATIC, Europe’s leading gaming technology group, recorded around 700 new employees in the first half of the 2018 financial year, with revenue increasing by 12.6 percent to a new record despite regulatory challenges. The firm's sales increased to EUR 1,365.3 million in the first six months, compared to EUR 1,212.0 million in the first half of 2017. The sales revenue...

Oasis Retail Services hits £9m turnover milestone

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...

Merlin Magic: Sales up despite market fluctuations

Europe’s largest attractions operator attributes a decent revenue performance in the first half of the year to recent and continued investment in its on-hand resort accommodation. Merlin has waved a magic wand. Merlin Entertainment are always a useful yardstick for gauging the vitality of the global attractions trade: and it’s good news as far as the first half of 2018...

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...

Commission’s annual report points to a busy year, and an expensive one too

gambling commission
The Gambling Commission issued its 2017-18 Annual Report this week and laid bare its soul. More spending, more staffing and a little bit more money are the fiscal highlights - or lowlights. And for the regulator’s more touchy-feely audience, there was a huge dose of hard work and extensive activity to report on. The Gambling Commission published its Annual Report...

Ten out of ten: bowling and FEC operator Ten reports strong growth

Ten Entertainment Group, a UK-based operator of bowling and FECs, has enjoyed strong growth during its first year as a listed company.   The results for the 52 weeks to 31 December, 2017 comfortably met the objectives set out at the time of its initial public offering in April last year. The year saw the continued progress of its acquisition strategy with...

Scientific Games narrows losses as it enters 2018

Coinslot - Scientific Games Report Sheehan
Industry technology provider Scientific Games Corporation has detailed that it expects to deliver higher group revenues, combined with a narrower net loss for its Q4 2017 performance. The Nasdaq listed company expects a 9 percent increase in group consolidated revenues in the range of approximately $820m to $825m. “Our preliminary results for the fourth quarter 2017 reflect our focus on generating...

NSM’s latest upgrade kits hit record high

nsm high
  Following a hugely successful ACOS Show, NSM Music sales have hit a record high with the company’s latest Sound Leisure upgrade kits.   Indeed, “Sound Leisure kit sales have gone through the roof”, according to sales manager Alex Kirby, who attributed the rise to an increase in performance and coin drop with jukeboxes upgraded by NSM’s new PC. “It’s like the razor...

Digital driving Rank amid a retail reorganisation

The Rank Group, resignation, Alan Morgan, business, people
Rank is proving a resilient feature on both the high street and in the city. But digital is the force that seems to be turning the wheels now.   The Rank Group has released its trading update for the 16 weeks up to 15 October in which it has seen a two percent increase in like-for-like revenue. This was categorised by a...

Hollywood Bowl hits shareholder strike

Coinslot - Hollywood Bowl new venues
  Hollywood Bowl is counting a positive first year on the stock market as a focused expansion strategy and implementation of high-end gaming technologies throughout venues has led to impressive growth.   Hollywood Bowl, the UK’s largest 10-pin bowling company, has suggested that shareholders may be in for a cash payout following an impressive first year on the stock market which saw...

Investment keeps Luxury Leisure strong in highly competitive marketplace

Coinslot - Luxury Leisure Admiral
With an 84-strong estate extending as far north as Greenock in Scotland, to as far south as Dawlish in Devon, Novomatic operator Luxury Leisure increased turnover and profit for 2016 as the company continues to upgrade and rebrand its AGCs under the Admiral banner.   Luxury Leisure, operating Novomatic’s AGC offering, increased both turnover and profit in 2016 with an investment...

JD Wetherspoon earnings grow amidst plans for market investments

Coinslot - Wetherspoon Tim Martin Revenue report
JD Wetherspoon, the UK’s biggest chain of pubs, continues to grow regardless of penalising tax and Brexit. With significant growth in earnings and money aside for new investments, things are looking fairly good for the pub giant.   JD Wetherspoon has released their H1 results announcing a 43 percent earnings growth on last year. Like-for-like sales increased by four percent and profits...

Acquisitions drive Novomatic first-half growth of 11.3 percent

Coinslot - Novomatic Macquarie £5.2bn
With almost 2,100 venues worldwide, operating a new record of 70,700 machines, Novomatic posted a rise in revenue for the first half of 2017 - “on the right track” with the company’s international growth strategy, not least in the UK which enjoyed more than double growth in revenues.   Novomatic AG reported “record sales” in the six months to June 30,...