Revenues at UK-based adult gaming centre operator Talarius increased by over 12 per cent in the second half of last year.
The company, which is a subsidiary of Australia’s Tatts Group that operates gaming machines in high street venues and motorway service areas, recorded revenues of AU$59.3m (£29.8m) for the period. This represented a 12.3 per cent increase on the corresponding period in the previous year.
EBITDA, which stood at AU$6.9m (£3.47m), was up 22.5 per cent.
This latest set of results was attributed to the like-for-like sales growth from the company’s core adult gaming centre business, which has undergone significant investment over the past 24 months. This, it said, was driven by the refurbishment of profitable venues, a “refreshment” of the company’s machine estate and enhanced staff training.
“We are delighted to report another six months of excellent operational progress, continued revenue growth and increased profits,” said Peter Harvey, chief operating officer at Talarius. “We have further cemented our position as an industry leader and continue to execute our long-term strategy to modernise our venues and refresh our machine estate.
“It is particularly pleasing to see the benefits of our enhanced staff training programme which we implemented after identifying potential to unlock greater efficiencies and improve the operational management across our venues. As a result of these improvements, we enter the second half with a strong foundation in place and increasing confidence of delivering continued year-on-year growth in revenue and profits for full year."
Talarius owns 168 venues in the UK under the Quicksilver, Silvers and Winners brands.
Read InterGame’s interview with Peter Harvey, chief operating officer of Talarius, in the February issue – out now.
