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What’s better than playing the slot machines and
hitting the jackpot? Perhaps being one of the slot machine manufacturers and
not only realizing millions in profits for the slot machines, but seeing a
sizable increase in the profits from manufacturing slot machines. So how is
WMS Industries doing so well considering the rest of the market is a bit
unsteady?
Slot machines spread throughout the world.
According to Brian Gamache, the President and Chief Executive Officer for
WMS industries, "Demand for innovative new [slot machine] games, including
our premium-priced Hot Hot Super Jackpot, 5-reel mechanical products, plus
continued growth in our gaming operations segment and year-over-year margin
improvements drove sold fiscal 2007 first quarter results.” Stock in this
slot machines manufacturer rose a significant 20 cents per share, and WMS
saw a 16 percent rise in net profits, bringing their slot machine profits to
$7.1 million.
Slot machines spread throughout the world.
Slot machines are growing fast, which also affects the net profits from the
slot machines. Wall Street did not anticipate the 20 cent increase, so it
came as a pleasant surprise to stock investors. So needless to say if
given the choice between playing the slot machines and hitting the jackpot,
versus manufacturing the slot machines and hitting it big with increases in
the slot machine sales, we would take manufacturing the slot machines hands
down.
slot machines spread throughout the world.
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Slot machines spread throughout the world.
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