Michael Silberling, chief executive of Affinity Gaming, has cited the impact of the company’s ongoing efforts to boost operating and marketing efficiencies as the main reason behind a year-on-year increase across key financials during the three months through to June 30.
The casino operator recorded a 69.7% year-on-year increase in operating income during the period, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was also up 39%.
As a result, Affinity was able to post a 63% year-on-year jump in operating profit for the six months through to June 30, with adjusted EBITDA also up by 34.5% in the same period.
Speaking about the results, Silberling paid tribute to the firm’s ongoing focus on operating and marketing efficiencies, stating that Affinity is now well placed to continue these performance levels for the remainder of 2015 and into next year.
“The second quarter results reflect ongoing management efforts to increase adjusted EBITDA by rationalising customer marketing spend levels across the portfolio,” Silberling said.
“In the quarter we saw growth in high level customers with self-imposed, but profitable, decline at the lower level consumers.
“The successful results of these marketing changes are evidenced by the 36% growth in the adjusted EBITDA margins in the second quarter.
“We believe we are well-positioned to continue these performance levels in our business, and expect to implement additional programs aimed at achieving even greater operating efficiencies over the remainder of 2015 and into 2016.”
source : www.igamingbusiness.com
