Industry News

CST Brands, Inc. Reports Second Quarter 2016 Results
Century Casinos, Inc. today announced its financial results for the three and six months ended June 30, 2016.. Net operating revenue was $35.2 million, a 7% decrease from the three months ended June 30, 2015. Earnings from operations were $4.5 million, a 42% decrease from the three months ended June 30, 2015. Net earnings attributable to Century Casinos, Inc. shareholders were $2.2 million, a 66% decrease from the three months ended..."/>
Century Casinos, Inc. Announces Second Quarter 2016 Results
Scientific Games Corporation today reported results for the second quarter ended June 30, 2016.. "Thanks to the hard work of the entire Scientific Games team, we delivered our third consecutive quarter of year-over-year increases in revenue, operating income and cash flow from operating activities. We're on a roll-- executing on our business strategies, delivering improved results, and paying down debt, "said Gavin Isaacs."/>
Scientific Games Reports 2016 Second Quarter Results
Century Casinos, Inc. today announced its financial results for the three and six months ended June 30, 2016.. Net operating revenue was $35.2 million, a 7% decrease from the three months ended June 30, 2015. Earnings from operations were $4.5 million, a 42% decrease from the three months ended June 30, 2015. Net earnings attributable to Century Casinos, Inc. shareholders were $2.2 million, a 66% decrease from the three months ended June 30,..."/>
Century Casinos, Inc. Announces Second Quarter 2016 Results
Six Flags Entertainment Corporation,, and Samsung Electronics America, Inc., the“ Official Technology Partner” of the world’ s largest regional theme park company, today announced the next evolution of Virtual Reality experiences coming to eight parks this fall. The company that introduced North America’ s first VR Coasters earlier this year, using Samsung Gear VR powered by Oculus- is..."/>
Six Flags and Samsung Introduce World’s First Fully Interactive Roller Coaster Gaming Experience
Magna International Inc. today reported financial results for the second quarter ended June 30, 2016.. Don Walker, Magna's Chief Executive Officer commented: "We had a record second quarter in sales, adjusted EBITDA, and adjusted EBIT. Contributing to our results has been the organization's continuing focus on manufacturing excellence and operational improvements."/>
Magna Announces Record Second Quarter and Year To Date Results
Magna International Inc. today reported financial results for the second quarter ended June 30, 2016.. Don Walker, Magna's Chief Executive Officer commented: "We had a record second quarter in sales, adjusted EBITDA, and adjusted EBIT. Contributing to our results has been the organization's continuing focus on manufacturing excellence and operational improvements."/>
Magna Announces Record Second Quarter and Year To Date Results
Mohawk Industries Inc. boosted profits and sales to an all-time record this spring, encouraging the floorcovering maker to plan more than $600 million of capital investments this year to continue to grow the company. The Calhoun, Ga.-based carpet, tile and laminate manufacturer said Thursday its net income in the second quarter rose 35 percent from a year ago to $255.2 million, or $3.42 per share, on sales of $2.31 billion. When adjusted for one-time gains and costs, net..."/>
Mohawk Industries rolls up record sales in quarter [Chattanooga Times Free Press, Tenn.]
Bharat Forge Ltd on Friday said its net profit for the June quarter fell 37.72% from a year ago due to lower total revenues. Net profit fell to Rs.122.06 crore as compared to Rs.195.97 crore a year ago. According to 17 Bloomberg analysts, the company was expected to post a net profit of Rs.156.40 crore."/>
Bharat Forge Q1 profit falls 37.72% to Rs122 crore [Mint, New Delhi]
Ford Sets July Sales Record in China, Up 15 Percent
Dollar Tree Inc. says it will lay off 270 people and eliminate another 100 vacant positions in the Family Dollar store support center in Matthews, N.C., as part of its effort to combine the two companies' operations. Chesapeake-based Dollar Tree bought rival Family Dollar last year in a deal worth $9.2 billion. Dollar Tree executives have said they expect the merger to save the company $300 million annually after three years."/>
BRIEF: Dollar Tree to eliminate 370 jobs in North Carolina [The Virginian-Pilot]
Viacom's profits dive 29 percent. Viacom Inc.' s quarterly profits tumbled and its TV business lost viewers and ads, compounding the woes of CEO Philippe Dauman as he tries to save his job. Operating income plunged 29 percent from a year earlier to $769 million, according to a statement yesterday, as lower ratings and higher costs to acquire new shows hurt Viacom's TV networks, including MTV, Comedy Central and Nickelodeon."/>
Boston Herald The Ticker column [Boston Herald]
Wynn Resorts is finally building its $2.1 billion casino in Everett. "Today really launches the start of construction for Wynn Boston Harbor," said Robert DeSalvio, president of the planned casino. "We feel really good about where we are today."/>
Construction card in play at Wynn's casino [Boston Herald]
ITC Ltd, the Kolkata-based multi-business house finds itself in the throes of a strange paradox. Its glorious past, and present, cast a shadow over its future. Its two distinct business areas--cigarettes on one hand, and packaged foods, personal care products, apparel, hotels and information technology on the other--pull in different directions."/>
Reigniting ITC [Mint, New Delhi]
Bata India Ltd will slow down expansion of its own store network and hand out more franchises to tap into rural and semi-urban markets, a top company official said. "This is something we have never done before," said Rajeev Gopalakrishnan, managing director and chief executive officer of Bata, referring to the plan. "Currently, all our stores are company-owned.""/>
Bata India to take franchisee route to tap rural and semi-urban markets [Mint, New Delhi]
Demand concerns for Titan [Mint, New Delhi]

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