Integrity Gaming hails ‘solid growth’ in Q1

Integrity Gaming Corp., formerly known as Poydras Gaming Finance, has posted “strong growth” in the first quarter, with revenue up 6.9%.

Revenue in the three months to March 31 amounted to $4.4m (€3.8m), up from $4.2m in the opening quarter of last year.

Adjusted earnings before interest, tax, depreciation and amortisation remained relatively flat at $2.4m, while operating cash flow before changes in current non-cash working capital climbed from $944,000 to $976,000.

Integrity also revealed that net loss was cut from $1.2m in Q1 of 207 to $900,000 this year.

Peter Macy, chief executive of Integrity, said: “We achieved solid growth in revenue in the first quarter of 2018, reflecting our success at increasing our machine base, both through exclusive and non-exclusive products offerings, and optimising machines placements to achieve better unit economics.

“We’re off to a good start for the year and we will continue to drive growth by actively managing our current machines, increasing our penetration with new and exclusive product offerings, adding new casinos to our roster, and introducing innovative games and technologies including igaming that will enhance our profile as a leader in the tribal gaming industry.”

Related article: Integrity Gaming reveals mixed results for 2017