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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.



Gambling News :

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

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