Sunday, January 23, 2022

Tag: revenue

Joseph Cullis: “Machine suppliers have seen income drop again by over 30 percent with the introduction of table service in pubs and with no financial support, face even more...

Jospeh Cullis Machine Suppliers have seen income drop again
With business rates in Scotland set to increase from 50 percent to 100 percent from July 2022, Joseph Cullis, Scottish regional chairman at Bacta, is looking forward to speaking with cabinet secretary for finance Kate Forbes about why rates relief should follow suit with the nation’s southerly neighbours. The economic fall-out from the Scottish Government’s Omicron measures provide a desperate reason why more support is needed.

Customers keep the Christmas music playing with Soundnet TouchTunes

Angelina jukebox Soundnet TouchTunes december data
Soundnet TouchTunes has reported a “surprisingly robust” December for its jukeboxes, with data revealing there was no danger of a silent night before Christmas.

The cost of Covid: Carlton Bingo reports £12 million revenue decline for 2020/21

Carlton Bingo reports £12 million revenue decline for 2020-21
Inverness-based Carlton Bingo has reported an 85 percent decline in revenue for the year ended 28 March 2021, after Covid restrictions forced estate-wide venue closures.

Bourne Leisure records first pre-tax loss since 2004

Bourne Leisure revenue loss
Bourne Leisure has reported its first pre-tax loss in over a decade, after repeat site closures and travel restrictions halved 2020 revenue to £506.8m.

Jukeboxes show signs of a speedy return to pre-lockdown levels

Soundnet TouchTunes Jukeboxes signs return to pre-lockdown levels
Jukeboxes are bouncing back according to the latest data from music supplier Soundnet/TouchTunes. Average income figures are showing venues heading to within touching distance of the levels of March 2020. Toby Hoyte outlines the story behind the latest statistics.

Music to our ears: NSM launches all-new mobile app for jukeboxes

NSM Music App
Designed to get more users, more engagement, and even more jukebox revenue, the NSM Music app has been launched by the jukebox manufacturer to replace its My Jukebox app.

Slasberg to WMCIU: Don’t give up on VAT repayment

Barry Slasberg HMRC VAT refund fight
Working Men’s Club veteran Barry Slasberg has implored fellow stakeholders in the UK’s 1,800 strong club circuit to “take initiative” in its dealing with the Treasury over its long-running failure to recompense erroneously charge VAT on gaming machine revenue.

Hollywood Bowl predicts profit despite “unprecedented period of disruption”

Hollywood Bowl predicts profit
Hollywood Bowl has reported revenue during the first five months of FY20 up to 30 September, increased 13 percent year-on-year, with like-for-like revenue..

Barff: Curfew has cost pub gaming a third of its revenue

Pub gaming revenue Simon Barff CLMS data
The MD of data specialists CLMS has denounced the “irrational and irresponsible” actions of government in its clampdown on hospitality - which has cost coin-op stakeholders and the wider pub trade as much as 40 per cent of regular income. Simon Barff talks exclusively to Coinslot about the trends and the future.

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.

Will Hill anticipate huge machine revenue loss

Will Hill machine revenue loss
The latest update from betting shop chain William Hill sees it struggling to catch a break, with FOBT losses continuing to punish its bottom-line amidst wider market uncertainty.

Never mind the ‘bollocks’: Spoons buoyed by gaming machine gain

Wetherspoons revenue Tim Martin
Fruities enjoyed a hefty surge in business according to the latest annual figures from Spoons, as CEO Tim Martin continues to shrug off remainer Brexit..

Latest Prismatic figures prove its worth with UK manufacturing delivering £7m extra revenue to sector

There was little doubt in industry minds that Novomatic’s Prismatic innovation was a machine of note. But just how many notes came into sharp focus this..

GVC Holdings balance retail revenue fall with optimistic outlook towards new horizons

GVC Holdings retail revenue
Though predictions concerning the number of shop closures have fallen, GVC Holdings will still be closing 900 outlets in the next two years

Hollywood Bowl counts record revenues

Hollywood Bowl, bowling, revenue, business
Hollywood Bowl, the UK’s largest bowling operator, saw revenues rise to record levels in the year ended 30 September. Hollywood Bowl’s latest year of operation has proven to also be its greatest as a rapid expansion strategy coupled with rising consumer demand saw revenues reach new heights. Financial statements made up to 30 September 2018 show that company revenues grew by...

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...

Hollywood Bowl praises “wide appeal” of sites

Coinslot - BNAE Embed Hollywood Bowl Southampton
Ahead of its annual revenue report, ten-pin bowling operator Hollywood Bowl has stated a wide amusement offering was central to its 6 percent growth over the 2018 period. Bowling operator Hollywood Bowl has announced 2017-18 revenue rose 5.8 percent ahead of its December financial report, with the firm praising its wide leisure offering as a key driver of growth. The Hemel...

Castle Bingo remains “cash generative” against trading headwinds

Castle Bingo remains cash generative
Cardiff-based bingo chain Castle Bingo saw a healthy increase in revenue last year, but has conceded that landed bingo’s forward-looking picture remains challenging; a forecast Castle is taking head-on. Welsh bingo operator Castle Leisure netted £32m in revenue across its estate landed in the year ending September 30 - with six of its eleven clubs defying market trends and post...

Park Holidays cashes in on “well entrenched” staycation trend

Parks Holidays
Park Holidays has reported revenues of nearly £150m and profits of almost £35m as it continues to invest in its 29 strong portfolio of UK holiday parks. Results for 2017 show the company has increased its profits for the year to £34.6m, up from £31.8m a year earlier. Revenue for the operator also rose to £149.7m, up from £131.5m, which...

Three-star Luxury: AGC group claim 2017 as “satisfactory”

Admiral Casino
Revenues were up but profit dipped at Luxury Leisure last year, as the new giant in the AGC sector rallies around its Admiral brand. Financials filed by Luxury Leisure, the Novomatic-owned company operating the Admiral AGC brand, show that its gaming revenues were up by 4 per cent last year, with total turnover in excess of £62m. The posting represented a...

Hollywood Bowl hits revenue strike

Hollywood Bowl revenue
Hollywood Bowl enjoyed a successful end to the 20117/18 financial year with revenues swelled by the continuation of a considerable expansion strategy. Britain’s largest ten pin bowling operator Hollywood Bowl saw considerable revenue growth in the six months to 31 March as the company’s organic growth strategy continues to pay dividends. Total revenues grew by 9.3 percent in the period whilst...

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...

Acquisitions see Cashino revenue rise as TITO pays off

Coinslot - Cashino TiTo revenue
Updating its cash-handling systems to better serve the customer, Praesepe’s Cashino Gaming brand increased revenue through acquisitions in 2016 - adding to its 180+ portfolio of high street AGCs across the country.   Revenue increased 26 percent for Praesepe’s Cashino Gaming brand in 2016 as the leading AGC operator acquired a further 28 venues. Placed well to capitalise on a growing consumer...

June a boon for operators across industry

Coinslot Operators June
With Easter and May’s bank holidays over, and summer holidays not yet begun, June is traditionally a quiet month for the amusements industry. But with 2017’s tourism boom, operators saw an unusual uptick in footfall last month.   Operators across the country saw a better-than-expected June this year, thanks to rising local tourism numbers and warm weather. “June was really good, better...