GGRAsia – Gaming test lab BMM says 1Q revenues up 12 pct

Gaming test lab BMM says 1Q revenues up 12 pct

Jun 26, 2015 Newsdesk Industry Talk, Latest News

Privately held gaming testing laboratory and technical consultancy BMM International LLC, branded as BMM Testlabs, said its first quarter 2015 revenues grew by 12 percent. It added revenue growth would have been 22 percent excluding the effects of currency fluctuations.

The firm also stated that expansion in earnings before interest, taxation, depreciation and amortisation and improvement in cash holdings outperformed revenue growth in percentage terms.

“Growth is being driven by global customers who want better returns on their testing investments,” said Martin Storm, BMM Testlabs’ president and chief executive.

Mr Storm added that in the first quarter, regulators in the U.S. states of Delaware, Kansas, Indiana and Massachusetts had engaged the firm to test gaming equipment.

“Competition amongst labs is so critical to good public policy and the fundamental integrity of the gaming market,” stated Mr Storm.

The business has been providing professional technical and regulatory compliance services to the gaming industry since 1981.

BMM Testlabs says it employs approximately 300 people in 13 global locations and serves more than 400 jurisdictions. Its Asian operations are based in Singapore and Macau.