BUSINESS

Boyd Gaming reports positive financial results; Intralot announce monitoring service; TWLV Gaming launch bingo site

TAGs: bingo, Boyd Gaming, Intralot, Isle of Man Government’s Department of Economic Development, TWLV Gaming

Boyd gaming intralot isleofmanGaming operator Boyd Gaming Corporation today reported financial results for the fourth quarter and full year ending December 31, 2011.

Net revenues were $606.7 million for the fourth quarter 2011, that’s an increase of 9.9% from $551.9 million during the same quarter in 2010.  Total Adjusted EBITDA rose 14.3% to $114.3 million, compared to $100.0 million in the prior year.  For the year ending December 31, 2011, the company reported net revenues of $2.34 billion, which is an increase of 1.6% from the year ended December 31, 2010.  Total Adjusted EBITDA was $466.1 million during the period, an increase of 4.7% from the year 2010. (

President and Chief Executive Officer of Boyd Gaming, Keith Smith, said: “We continued to produce consistent growth across the business in the fourth quarter. As economic conditions strengthen in our core markets, we are confident that our strategy of keeping a tight rein on costs, generating profitable new revenues and diversifying our sources of cash flow will deliver bottom-line results.”
Integrated gaming supplier INTRALOT has announced today the initiation of its Electronic Monitoring System operation, named “iGEM” – the next gen integrated solution for large-scale gaming networks. iGEM monitors the Video Lottery Terminals that are deployed at the Supreme Ventures Limited (SVL) Gaming Lounges. In a press release the company said the monitoring system operation services contract “has an initial term of 10 years with an automatic renewal option for 5-year successive periods.”

Managing Director of INTRALOT Latin America, Mr. Nikos Nikolakopoulos, said: “Our experience and focus on state-of-the-art monitoring solutions, depicted in our recent contracts in Ohio and Victoria, guarantee that SVL will continue to provide unique gaming experiences to its players, combined with responsible gaming practices.”

 

The Isle of Man Government’s Department of Economic Development has announced that e-gaming business TWLV Gaming Ltd – which has recently been granted a licence by the Gambling Supervision Commission – has launched a new online bingo site.

With the site going live only last month,  Head of TWLV Gaming Ltd, Ab Olde-Scheper, said: “TWLV offers players an exciting new bingo game with a completely new approach which is refreshingly transparent and has an exceptionally high return, as well as the largest chance of winning compared to any game of chance of its kind. ‘To celebrate the new site, TWLV is now offering free tickets for the first 12,000 players.”

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com