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Integrity Gaming Corp. V.IGAM

"Integrity Gaming Corp is a provider of gaming equipment and project financing to owners, operators, and managers of casinos and other regulated gaming venues. The company focuses on U.S tribal gaming markets where it leases and distributes slot machines, electronic table games, casino, and bingo equipments."


TSXV:IGAM - Post by User

Post by lscfaon May 15, 2017 1:49pm
145 Views
Post# 26245636

More quirky accounting

More quirky accountingQ - Please reconcile slide 15 of the presentation which shows revenue per machine per year of $8,000 to $9,000 with the $5,000 figure used by the Taglich analyst and actual results. A- Thanks for the email. I suggest connecting directly with the Taglich analyst as well, but I believe he took our 2016 revenue figure and divided by the number of machines. I would say there are two main reasons for the difference: (1) our 2016 results are not pro forma for acquisitions that occurred during the year (i.e., our acquisition of the A&W JV), and (2) the revenue figure does not include 100% of the leasing payments received from our contract with the Tonkawa Tribe of Indians. Due to the nature of that contract (guaranteed minimum payments), a portion of the leasing payments received are actually recorded as a reduction in finance lease receivable on our balance sheet, rather than as leasing revenue. James Kim Poydras Gaming 415.326.5058
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