Konami Corporation of Japan, the parent company of Las Vegas-based Konami Gaming, reported net revenue for its gaming and systems division was up 7 percent for the 12 months ended March 31, to JPY33.8 billion (US1.9 million).
Consolidated operating income for the segment, however, fell 13.6 percent year-on-year to JPY6.3 billion. The company said income in its gaming and systems division decreased mainly due to more investment spending in the North American market. It includes “increases in product approval fees and personnel expenses for product development and maintenance resulting from expansion of the product lineup and enhancement of the services,” the company said in a statement.
“In the North American market, the Podium video slot machine continued to enjoy favorable sales, including introduction into the Central and South American market,” Konami said, adding that it is facing more competition in that market from European manufacturers.
The company also said it has introduced a “richly diverse product lineup” in the Oceania market. “Full-scale marketing is also in progress in Asia, Central and South America and Europe, where we are working on building distribution networks,” Konami said.
Group-wide, Konami reported revenue of JPY218.2 billion for the fiscal year ended March 31, up by 0.3 percent from the previous year. Net income jumped 147.3 percent year-on-year to JPY9.5 billion.
Besides 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.
In the final chip tally, Li had an individual chip total of 529,000, Polk had 213,700 and Kim was up 70,500. Les was down to Claudico by 80,500.
“We know theoretically that artificial intelligence is going to overtake us one day,” Li told Card Player. “But at the end of the day, the most important thing is that the humans remain on top for now.”
