Regional slot route operator Poydras Gaming Finance Corp of Canada, has revealed first quarter revenues up US$4.2m or 13 per cent and adjusted EBITDA of $2.4m, slightly up on last year.
The group registered a net loss of $1.1m for the quarter compared with a net profit of $341,262 in the same quarter of last year.
At the end of the quarter it had 2,665 gaming machines in operation in 25 casinos in Oklahoma and Texas, mostly from short- and long-term revenue sharing contracts with Native American casinos. It provides slots and electronic table games plus project financing activities.
Chief executive officer Peter Macy, commenting on the first quarter results, said that the figures represented efforts to build a strong long-term base of recurring revenue.
