WMS Industries released report on first half

WMS Industries, based within the U.S and supplies of land based games and internet games, has just provided results for their first half of the year. The report shows positive signs relating to increase revenues and a reduction in their overall operating costs.

WMS have recorded revenue at $202.5. This is up by 13.9% when compared to the previous quarter. The net income for the reporting period was $13.4 million and resulted in a $0.04 payment per share which was diluted pending the WMS by Scientific Games Corporation acquisition.

The direct operating costs were reduced by 5.9% and positive cash flow increase 22.9% to $11.29 million. The net cash also increased by $20.1 million or 25% based on the same period of time the previous year.

A number of the highlights indicated within the financial report included the launching of the Play4Fun network. This is an interactive platform that will provide a white label marketing and free game play platform for those who operate land casinos. It further alerted to increased availability to tablet and mobile users of Jackpot Party primarily for the social games.