Demand for games pushes manufacturer’s revenues

Slot machine manufacturer WMS Industries, which is in the process of being acquired, grew revenues in the third quarter but saw a decline in net profits.

The company reported net income of $13.5 million and earnings per share of 24 cents for the quarter that ended June 30. Overall revenues were $202.8 million, a 4 percent increase compared with the same quarter in 2012.

WMS is being acquired by lottery systems provider Scientific Games in a $1.5 billion buyout that was announced in January. The deal is expected to close sometime this year.

WMS Chairman Brian Gamache said in a statement that player demand for some of the company’s new slot machines helped increase the company’s sales.

“Our investments in research and development during the last several years have supported the development of great new products, games and innovative new gaming experiences that deliver substantial value for our casino customers and have set WMS on a path for renewed long-term growth,” Gamache said. to Atlantic City.

Bill Lerner, an analyst with Union Gaming Research in Las Vegas, said while most fantasy leagues last the entire season, the casino version will select winners each day.

“We are not surprised that casinos haven’t been quick to enact fantasy sports betting,” Lerner wrote in a research note. “From a profit and loss standpoint, we don’t think it would be material for Atlantic City operators given most sports gamblers like straight bets. That said, there could be more interest as we head into NFL football season.”