10/25/2001 PDS Gaming Corp. of Las Vegas reported increment of 118% in Internet income for the last quarter Sept. 30.
The quarter Internet income was $386,000, or 10 cents per share, compared to Internet income of $177,000, or 5 cents per share, for the year-ago quarter. Revenues rose in 11% to $12.5 million.
The income of the slot machine sales, "sales-type leases" and finance were all down during the quarter, except these were more than counterbalance by big gains in operating lease rental income and fee income. The new revenues PDS has reported at $428,000 from the Gambler Casino in Reno, which acquired previous this year.
I don?t see any signs of weakness in business from the slowdown experienced by Las Vegas since Sept. 11, noting its customer base spans 11 states said PDS to investors.
Peter Cleary, PDS president, said "A majority of the casino operators that purchase, finance or lease gaming equipment from PDS Gaming cater to customers that live nearby or who drive to their facilities, ..Most of our customers are not heavily dependent on convention events or airline travel for their customer traffic."
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