WMS Manger Program To Be Installed In The ARIA Resort
WMS Industries Inc (WMS: 37.17 +3.39%) will join forces with International Game Technology’s sever based network to install a floor and media manager program in the management system that will be used by ARIA Resort, a development within MGM Mirage’s city center opening in December.
The Illinois based slot machine maker hopes the deal will help fuse the slowly recovering revenue for the company going into the fourth quarter.
The company reported a 26 percent increase in profits for the third quarter, resulting in an unchanging effect on the year’s revenue forecast. Net profit for the companies’ fiscal quarter reached $19.8 million from the $15.7 million reported in the same period last year, although falling short of Wall Streets predictions.
Excluding a charge of 2 cents per share related to convertible notes, WMS stock reported earnings of 36 cents a share matching Wall Streets estimates, as reported by Reuters.
WMS anticipates that the domestic marketplace will continue to be impacted by the low amount of capital budgeted by casino customers for gaming machine purchases in 2009, the continued slow replacement cycle, as well as a lower number of new casino openings compared with the prior-year period.
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