GGRAsia – Gaming test lab BMM says 1H revenues up 7 pct

Gaming test lab BMM says 1H revenues up 7 pct

Aug 28, 2015 Newsdesk Industry Talk, Latest News

Privately held gaming technology testing laboratory and consultancy BMM International LLC, branded as BMM Testlabs, said its first half 2015 revenues grew by 7 percent.

The firm also stated that its earnings before interest, taxation, depreciation and amortisation grew by 51 percent “on a constant currency basis”, while net income and cash “were particularly strong” for the six months to June 30. The company did not provide a breakdown of the figures.

“Growth is being driven by new levels of operational scale achieved from 13 offices around the world and the support of more than 400 gaming jurisdictions and 330 manufacturers,” Martin Storm, BMM Testlabs’ president and chief executive, said in a statement.

“BMM won over 30 new clients in the second quarter alone and is expanding its services to major manufacturers,” he added.

BMM Testlabs has been providing professional technical and regulatory compliance services to the gaming industry since 1981. Its Asian operations are based in Singapore and Macau.

Mr Storm added that in the second quarter, regulators in “key jurisdictions” across the U.S. and around the world had used the firm’s services.

“Gaming regulators allowing multiple qualified labs to provide certification reports is critical to good public policy and the fundamental integrity of the gaming market. The evidence of this is significantly improved quality of product on the floor of casinos and other venues, and BMM leads significantly in that achievement,” said Mr Storm.