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WMS Strong Interest in Internet Gambling
Wednesday August 8,2012 : WMS NOTES RISE IN INTERACTIVE OPERATIONS
Chicago land casino supplier has a strong interest in internet gambling
The latest results from Chicago-based WMS Industries flagged the group's growing interest in e-gaming following the formation of its dedicated subsidiary Williams Interactive LLC.
The WMS group reported overall revenue of $195.9 million and net income of $22.1 million, or $0.40 per diluted share, for the quarter ended June 30, 2012, compared to revenue of $203.2 million and net income of $10.3 million, or $0.18 per diluted share, in the June 2011 quarter.
The June 2012 quarter results reflect the third consecutive quarter of sequential revenue growth as revenues rose $19.9 million, or 11 percent, from the March 2012 quarter.
CEO and chairman, Brian R Gamache noted that the group had enhanced its focus on e-gaming and accelerated spending in a measured manner to build a comprehensive suite of interactive products and services designed to provide its customers with solutions that enable them to benefit from e-gaming opportunities.
"While this spending impacts near-term financial results, we believe it favourably positions WMS to participate in the tremendous high-margin growth potential of these opportunities that will create longer-term shareholder value,” Gamache said.
The formation of Williams Interactive LLC early this year underpins the WMS commitment to e-gaming.
Online elements of the group included in Williams Interactive operations include its online casino Jackpot Party; the cloud-based Player's Life Web Services linking casino-based entertainment with non-wagering entertainment features at home or on mobile devices.
The company's social gaming pursuits, including the Lucky Cruise social casino on Facebook; Phantom EFX, a recently acquired developer and publisher of play-for-fun gaming entertainment for the social, casual and mobile channels; and the strategic alliance with Dragonfish, the independent B2B division of 888 Holdings, to pursue U.S. online poker initiatives.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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