eBet Limited Half Yearly Report 31 st December 2004 Half Yearly Report 31 st December 2004
eBet Limited Half Yearly Report 31st December 2004
Half Yearly Report31st December 2004
eBet Limited Half Yearly Report 31st December 2004
Business ReviewConsolidated loss after tax $681KGroup Revenue of $7.7 millionKey Contributor US Link Start Up Costs $867KGaming Systems profit of $167KOnline business $19KOperating costs reduced by $800K (20%)
eBet Limited Half Yearly Report 31st December 2004
Revenue31 December
2004$,000
31 December 2003
$,000
Gaming Systems – Sales 5,207 5,526
Gaming Systems – Service, Support & License Fees 2,063 1,398
Professional Services 197 147
Other 47 135
Total Gaming Systems Revenue 7,514 7,206
Sports Acumen 0 338
Online Services 172 757
Sale of Source Code 0 400
Total Online Revenue 172 1,495
Maxi Gaming 0 0
Total Revenue 7,686 8,701
eBet Limited Half Yearly Report 31st December 2004
Balance Sheet31 December
2004$,000
31 December 2003
$,000
Current Assets 7,524 3,930
Non Current Assets 14,452 16,393
Total Assets 21,976 20,323
Current Liabilities 3,328 7,894
Non Current Liabilities 5,189 3,635
Total Liabilities 8,517 11,529
Net Assets / Equity 13,459 8,794
eBet Limited Half Yearly Report 31st December 2004
Cashflow31 December
2004$,000
31 December 2003
$,000
Cashflow from operating activities (1,332) 758
Cashflow from investing activities (377) (711)
Cashflow from financing activities 1,408 (573)
Net Increase/(decrease) in cash (301) (526)
Cash at the beginning of the period 2,051 1,340
Cash at the end of the period 1,750 814
eBet Limited Half Yearly Report 31st December 2004
Gaming Systems Division
Market still difficult- confidence buildingGaming systems & equipment Revenue $5.207 millionDomestic Sales = 84%International Sales = 16%Cost of Goods reduced by 5%
eBet Limited Half Yearly Report 31st December 2004
Gaming Service, Support & Licenses
To date our leader in Recurring Revenue Model
Strong Growth
Revenues increased by 42% to $2.1 million
eBet Limited Half Yearly Report 31st December 2004
Professional Services
Specialised Development Work
Sales of Non Core Products- Risk and Compliance Mgr
Contributing new revenue of $197K
eBet Limited Half Yearly Report 31st December 2004
Maxi Gaming (US Links)
System Preparation, Implementation and Start Up Costs of $867K (expensed)
Sophisticated Wide Area Network
“Go Live” across a Total 76 machines at Pechanga & Soboba
eBet Limited Half Yearly Report 31st December 2004
Maxi Gaming (US Links)
Early figures indicate significant increase in machine play
Commence expansion operation over the coming weeks
eBet Limited Half Yearly Report 31st December 2004
Network Operations Centres
Wide Area Progressive
eBet Limited Half Yearly Report 31st December 2004
# As at 7.00am 21/02/05
eBet Limited Half Yearly Report 31st December 2004
Jackpot Hits
10 Minor Jackpot Hits = $9,416.65132 Mini Jackpot Hits = $11,767.92
142 Total Jackpot Hits = $21,184.57
eBet Limited Half Yearly Report 31st December 2004
Significant Developments
Player Account Limits Increased from $200 to $1,000
EPS re-branded and re-launched as Freedom
Netcash suite of products, scaled to suit venue needs and expectations
eBet Limited Half Yearly Report 31st December 2004
Significant Developments
SAS Protocol compatibility for International Markets
Remote Firmware Download capabilities
Introduction of Risk & Compliance Manager System
eBet Limited Half Yearly Report 31st December 2004
Subsequent Events
Maxmillion$ Wide Area Link Progressive Jackpot System has commenced operations
Significant Company Milestone
Strengthens the Recurring Revenue Model
eBet Limited Half Yearly Report 31st December 2004
OutlookDomestic market remains challenging
Increase in product range
Continue our push into the International Markets
Expand Non- Core Products
Maxi Gaming early performance indications provide will meet EBITDA forecasts of $800K (first full year of operation)
eBet Limited Half Yearly Report 31st December 2004
Thank You
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