Total revenue for the three months to 30 September, 2019 amounted to US$79.4 million, up from US$75.5 millon in the same period last year.
Electronic gaming machines (EGM), including slots, were by far the main source of revenue for PlayAGS in the third quarter, generating US$75.3 million, up 4.9% year-on-year.
PlayAGS said this was primarily the result of record EGM sales – up 4% to 1,391 – bringing in US$26.4m in revenue in the process, a rise of 7.2% on last year. The gaming operations segment of the EGM business generated US$48.9 million in revenue, a year-on-year increase of 3.7%.
Also, table products revenue increased 39.4% from US$2.1 million to US$2.9 million, with PlayAGS noting a 28.9% rise in gaming operations revenue to a record US$2.5 million. The supplier also enjoyed record equipment sales, with revenue rocketing by 173.3% to US$410,000.
“Our third quarter performance was underscored by the sale of nearly 1,400 EGMs – the most in our company’s history – as well as record performance in our Table Products segment. 92% of domestic EGM unit sales were from our Orion family of cabinets, including our latest addition, the Orion Upright, which accounted for approximately 300 sold units in the quarter,” said David Lopez, President and Chief Executive Officer.
“After a successful G2E last month, we are looking forward to launching our premium lease-only Orion Rise cabinet and Starwall LED merchandising display, as well as our highly anticipated Orion 49C, Pax S card shuffler, and Bonus Spin Xtreme progressive system. We believe this robust suite of products will help drive growth in 2020 and beyond.”
Source: GMB
