NEWS 2017-05-23 15:32 ET - News Release
Mr. Peter Macy reports
POYDRAS GAMING FINANCE CORP. ANNOUNCES 2017 FIRST QUARTER FINANCIAL RESULTS
Poydras Gaming Finance Corp. has released its financial results for the first quarter ended March 31, 2017 (all amounts are stated in U.S. dollars unless otherwise indicated).
First Quarter 2017 Highlights & Financial Results
Revenue increased 13% to $4.2 million from $3.7 million in Q1 2016, and 3% from $4.0 million in Q4 2016. Adjusted EBITDA of $2.4 million versus $2.3 million in Q4 2016. Net loss of $1.2 million for Q1 2017. Approximately 2,665 gaming machines in operation at the end of Q1 2017, compared to 2,471 at the end of Q1 2016.
"The results in the first quarter of 2017 reflect our continuing efforts to build a strong long-term base of recurring revenue through expanding our deployed machine base, optimizing our machine placements, and creating growth opportunities through innovative gaming technologies," said Peter Macy, CEO of Poydras Gaming. "The progress we have made on these fronts will ensure revenue and earnings growth in future quarters."