LV firm posts sixth consecutive profit

Thursday, July 22, 1999 | 11:11 a.m.

Casino Data Systems of Las Vegas said it earned $1.95 million or 11 cents per share in the second quarter, up from $364,000 or 2 cents per share in the year-ago quarter.

This is the sixth consecutive profitable quarter for CDS, which underwent a restructuring last year.

Revenue of $22.8 million was up from $11.7 million in the year-earlier quarter.

"Our revenue growth was the result of the success of our Bandit Bingo game and Oasis Windows system," said Lee Lemas, chief operating and financial officer. "Our continued focus on increased efficiencies and accountability combined with stronger spending controls provided the basis for our improved profitability over the past year."

The company makes casino management systems, games and meters, multiple site progressive systems and casino signage.

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