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WMS Sees Spike in Profit

The slot machine company WMS Industries is more than happy to announce that their fiscal fourth quarter profit grew 18%. They said that they had more revenue coming in and less expenses going out, which helped them to keep a larger portion of the money that they earned. They said that although their gross margin slipped, they are still happy with the way that their numbers are looking. The company is responsible for the manufacturing and developing of slot machines, video game machines and lottery terminals – and these are not industries that have fared well during the economic crisis.

Most of the slot machine manufacturers, developers and distributors have seen their profit go down substantially as people are not playing the slot machines the way that they used to. Not only that, but when they do play, they are playing for fewer amounts and the penny slot machines have become very popular. Those casinos that used to swap out their slot machines and purchase others on a regular basis have not been financially able to do so because of the lack of funds necessary to do that.

International Game Technology said that their quarterly profit climbed 52% on their tax related gains, but they still lost more money than they wanted to. This is the way that it has been for most of the manufacturers, so for WMS to see an increase it is a very difficult thing to accomplish and they are more than thrilled to be able to announce it.

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