In the three months to March 31, Poydras Gaming saw revenue grow to $3.69m, climbing five per cent on the previous quarter and up nearly fivefold on 2015 Q1 revenues of $656,000.
Adjusted EBITDA in Q1 was $2.58m, a 24 per cent increase on Q4, 2015, and huge leap from the $54,421 posted in Q1, 2015.
Peter Macy, CEO of Poydras Gaming, said: "We are off to a strong start in 2016, on track to meet or exceed our 2016 goal of $10m in adjusted EBITDA.
“Organic growth during the quarter over Q4, 2015, was driven by a full quarter of deployments for an additional 150 machines with our long-standing customer, the Cheyenne and Arapaho Tribes of Oklahoma.
“As we look towards the rest of 2016, we will continue to expand our machine base with new and existing customers in our core market of Oklahoma and Texas, as well as exploring opportunities in new markets,” said Macy.
