• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Konami slot division revenue down, profit up in Apr-June

Jul 31, 2017 Newsdesk Industry Talk, Latest News, Top of the deck  


Konami slot division revenue down, profit up in Apr-June

Konami Holdings Corp’s gaming and systems division reported revenue of JPY6.48 billion (US$58.7 million) for the three months ended June 30, down by 4.4 percent from the prior-year period. Profit for the segment however increased by 8.7 percent year-on-year to JPY804 million, the Japanese conglomerate said on Friday.

“Total revenue from [the gaming and systems division] decreased because [Konami’s] new casino management systems were mostly installed at small and medium-sized casinos, despite strong sales of slot machines mainly in the North American market,” the firm said in its results announcement.

Konami added: “The segment profit, however, increased mainly due to promoting cost reduction in existing products.”

In the gaming segment, Konami operates outside Japan via Konami Australia Pty Ltd and U.S.-based Konami Gaming Inc.

Konami stated that during the period it expanded the range of its Concerto cabinet series with the release of the new Concerto Crescent machine, which uses Konami’s first curved screen. The firm also released the Concerto Stack cabinet, that uses a large-size vertical screen.

“We also focused on sales of the long-selling Podium series, which has a richly diverse product line-up and continues to receive favourable reviews in the Central and South American, African and Asian markets,” the company added.

Konami said it forecast revenue from its gaming and systems division to reach JPY32.0 billion for the year ended March 2018. Segment profit for the fiscal year should be JPY5.5 billion, the firm added.

Group wide, Konami reported revenue of JPY55.74 billion for the three months ended June 30, up by 12.8 percent in year-on-year terms. Profit for the period increased by approximately 46.4 percent to JPY8.51 billion, the firm said.

Beside casino slot gaming, the Japanese conglomerate is also involved in the Japan-focused pachinko game segment, digital entertainment – including video games and mobile games – and health and fitness.

Konami Gaming signed last month a cross-licensing deal with casino and lottery equipment maker International Game Technology Plc (IGT). Under the arrangement – described by IGT as a “patent cross-licensing agreement” – Konami Gaming will be able to offer games including patented game features from the IGT product portfolio, and will pay licensing fees to IGT, according to a statement released by the latter company.


  • tweet
Related articles
  • Konami gaming segment posts loss for Apr-Dec period
    Konami gaming segment posts loss for...

    Feb 04, 2021  

  • November AGEM Index up 28pct m-o-m, 17pct y-o-y
    November AGEM Index up 28pct...

    Dec 07, 2020  

More news
  • Macau VIP GGR up 20pct sequentially in 1Q: govt
    Macau VIP GGR up 20pct...

    Apr 16, 2021  

  • NUSTAR complex in Cebu slated to open 2022: UHRI
    NUSTAR complex in Cebu slated to open...

    Apr 16, 2021  


Latest News

Macau VIP GGR up 20pct sequentially in 1Q: govt

Macau VIP GGR up 20pct sequentially in 1Q: govt

Apr 16, 2021  

Macau’s VIP gross gaming revenue (GGR) in the first quarter of 2021 reached nearly MOP9.13 billion (US$1.14 billion), up 19.7 percent sequentially, according to data released on Friday by the...
Read More
NUSTAR complex in Cebu slated to open 2022: UHRI

NUSTAR complex in Cebu slated to open 2022: UHRI

Apr 16, 2021  

Labour Day hols hotels to be 40-50pct full: Macau govt

Labour Day hols hotels to be 40-50pct full: Macau govt

Apr 16, 2021  

Macau may tie GBA backing to gaming tender: law experts

Macau may tie GBA backing to gaming tender: law experts

Apr 16, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.15 billion

Tax revenue collected by the Macau government from the city’s gaming industry in the first three months of 2021



Most Popular

  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • Macau 1Q VIP GGR bad at 20pct pre pandemic: JP MorganMacau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan April 14, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Sands China says no links to online gaming siteSands China says no links to online gaming site April 15, 2021
  • Bloomberry Quezon project in 2023, focus on preserving cashBloomberry Quezon project in 2023, focus on preserving cash April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us