International edition
June 18, 2021

Net income for the period rose to us$ 33 million

WMS has record results for the first quarter 2010

(US).- A strong replacement cycle and innovative new games helped slots manufacturer WMS achieve record results for the three months to last March 31. Total revenues increased 9% to a record of us$ 197.5 million during the quarter, while total product sales revenues also grew by 9% to a new high of us$ 123.9 million.

G

lobal new unit shipments increased 3% to 6,618, reflecting a 23 % increase in US and Canadian replacement market new shipments.  Net income for the period rose to us$ 33 million and net cash provided by operating activities stood at us$ 41.2 million, up 37 % on the corresponding quarter in 2009.

“Casino operators continue to benefit from the high player appeal and earnings power of our expanding range of unique gaming products that, in turn, is driving consistent ship share improvements as WMS garners a growing percentage of the capital allocated by casinos to refresh their gaming floors,” said Brian R Gamache, chairman and chief executive officer. “Growing demand for our innovative products is evidenced by WMS’ 23 % increase in replacement unit shipments in the US and Canada compared with the year-ago period.

“Looking forward, we expect to realise further benefits from the extension of our distribution channels into new markets including Australia, Class II and Mexico; the highly positive customer response to the upcoming launch of our innovative new Bluebird xD gaming machine and the introduction of the Helios gaming cabinet aimed at niche markets in select international jurisdictions.

“In addition, the anticipated launch of our first portal game applications later this calendar year on our Wage-Net networked gaming system is expected to expand the range of products and gaming experiences available to our casino customers and their patrons, and establish the beginnings of new revenues for WMS. Our focus on innovation and new distribution channels supports further revenue growth to help offset the sluggish near-term replacement environment."

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