Communications and data processing services provider Multimedia Games has claimed that its expanding portfolio of for-sale and participation games has generated record financial results.
The firm posted revenue of $189.4 million (€140.3 million) for the 2013 fiscal year, up from the $156.2 million it achieved in fiscal 2012.
Multimedia Games also recorded a significant growth in earnings before interest, tax, depreciation and amortisation (EBITDA), which increased from $71.1 million in 2012 to $95.7 million.
The results were boosted by the company’s performance in the fourth quarter of 2013, in which it experienced year-on-year revenue growth of 22% from $41.4 million last year to $50.4 million in the latest quarter.
The impressive revenue performance in the fourth quarter also pushed EBITDA up from $17.4 million in Q4 of 2012 to $25.3 million in the fourth quarter of fiscal 2013.
“We generated record financial and operating results in fiscal 2013 based on the growing acceptance of our expanding portfolio of for-sale and participation games as well as our further success in increasing the markets we can address,” Multimedia Games’ president and chief executive officer, Patrick Ramsey, said.
“Fiscal 2013 represented an important milestone for the company as we began sales and placements in the country’s single largest gaming market.
“Our entry into Nevada significantly expands our total addressable market and initial results highlight the excellent entertainment value of our unique, award winning products.
“While our fiscal 2013 results demonstrate the successful execution of our strategy, we are excited about the long-term opportunity to further expand the number of Multimedia Games slot machines on casino floors.”
source : www.igamingbusiness.com
