Sector financial performance:

This company, which primarily earns revenue by installing, maintaining, and operating slots and amusement devices in non-casino location, by operating taverns, and as well from operating casino resorts, has been grouped into distributed gaming sector in gambling industry.

It seems that demand for distributed gaming service of companies in this sector, according to the typical company data, has been stable but grow slowly in the past several years.

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Company performance:

It seems that the demand for casino resorts and related service of this company may be bouncing back as indicated by the large growth in its same store revenue in 2017. Demand for distributed gaming seems to be stable but grown slowly.

The first three months of fiscal 2018 compared with the same period of 2017 

Net sales (excluding acquisition and new opening of taverns) were flat in casino resorts and distributed gaming devices and taverns.

The fiscal 2017 compared with 2016

The same store casino resorts revenue increased about 67%.

Net distributed gaming revenue (excluding new opening of taverns) were flat.

Fiscal 2016 compared with fiscal 2015

Net sales (excluding acquisition and new opening of taverns) were flat in casino resorts and distributed gaming devices and taverns.

Its gross margin has gone up by about 100 basis points to about 27% in 2018 benefiting probably from leveraging of expenses in its resorts while lower margin of new acquired business, And with the slight improved SG&A as percentage of sales (to around 21%), its operating margin went up to about 6% in 2018.

Stock price

We may want to wait for completed consolidation for a full year.