Talarius, the UK arm of Australian gaming company Tatts Group and the largest operator of adult gaming centres in the country, recorded a 33.6 per cent increase in revenue in the second half of last year.
The company, which operates gaming machines in high street venues and motorway service areas across the UK, primarily under the Quicksilver brand, reported revenues of AUS$52.8m (£28.5m) for the six months to December 31. This was attributed to organic sales growth and contributions from acquisitions.
EBIT for the period increased by 237.8 per cent to AUS$1.9m.
“I am very pleased to highlight the turn-around achieved by our team in the UK,” said Tatts’ managing director and CEO Robbie Cooke. “Our Talarius business for the first time has delivered a positive profit contribution to the group adding $1.9m to EBIT.
“This is due to our UK team having a single-minded focus on repositioning the business and getting our customer proposition right in anticipation of a gradual recovery in the UK economy and consumer spending.”
Initiatives undertaken by Talarius during the period ranged from “right-sizing” the gaming machine estate to reduce overlapping venues, to implementing a “no frills” operating model for lower performing venues.
The company also extended opening times for certain high performing venues, while refurbishing those venues with “revenue uplift potential.”
