Integrity Gaming reveals mixed results for 2017

Integrity Gaming Corp., formerly known as Poydras Gaming Finance Corp., has reported a rise in revenue for 2017, but also posted an increase in net loss.

Revenue for the 12 months to December 31, 2017, came in at $16.4m (€13.5m), up 9% on the $15m generated in the previous year.

Adjusted earnings before interest, tax, deprecation and amortisation was also up from $9.2m to $9.3m.

However, the company, which rebranded as Integrity Gaming in December, said net loss increased from $6.5m in 2016 to $8.5m in the past 12 months.

This corresponded to a net loss of $0.24 per share, compared to $0.19 in 2017.

Integrity Gaming said at year-end, it was operating 2,634 gaming machines, up from 2,613 at the end of 2016, and this has since increased to over 2,700, as of April 25, 2018.

Peter Macy, chief executive of Integrity, said: “In 2017 we successfully expanded our market presence in terms of the number of casinos we serve, the range of products we provide, and our overall installed base.

“Looking into 2018, we entered the year with a focus on our slot machine business and the financial resources in place to execute our growth strategy.

“We've assembled a differentiated product portfolio that is accelerating our rate of new deployments.”

Related article: Poydras cites growth strategy as key financial rise in Q2