Betting industry giant WMS Industries Inc. has announced its first quarter 2013 financial results, noting an increase in revenues.
Key financial indicators for the period ending March 31st, 2013 were:
Revenue of $177.9 million (Q1/2012: $176 million), up 1.1%
Net Income of $7.5 million (Q1/2012: $22.1 million)
Interactive products and services revenues of $17.1 million (Q1/2012: $1 million)
The firm states that the firm's financial results were impacted by increased marketing spending which was used to launch the firm's new cabinets for land based casinos.
Speaking about his company's performance WMS Chairman and CEO Brian R. Gamache said: "Strong player and customer interest in recently launched gaming machines and the growing availability and rising popularity of our interactive products and services are establishing a platform for long-term success that we are supporting through stepped-up investments in new product development and in marketing efforts aimed at expanding the distribution and availability of our interactive products, services and game content."