Monday May 18,2015 : GOOD YEAR FOR GAMBLING TEST LAB
BMM revenues and EBITDA up as expansion plans progress.
Land and online gambling tesing agency BMM Testlabs has reported continued growth and diversification in 2014, posting a 6 percent increase in revenue and EBITDA up 17 percent as its planned expansion in Asia, Canada, the US and Europe continues.
Chief executive officer Martin Storm said this week that despite international currency movements, the company achieved its best yet financial performance, expanded its professional staff headcount and enlarged its US presence.
"Beyond our financial goals we achieved significant operational performance milestones," Storm said. "We grew our specialist quality assurance testing business to over 50 engineers whilst reducing our U.S. testing revocations quality measure to less than 1 percent.
“We also increased our U.S. jurisdictional access significantly, expanded testing facilities in Las Vegas and Moncton, and opened new labs in Vienna and Bologna. Importantly we delivered major version releases of our Toolbox, BOAT and Signatures software for our customers.
"We expect to see even further growth in 2015 as we assist new Asian gaming manufacturers understand the technical requirements of the different regulated Asian gaming markets."