Transcription of Finance News Network Interview with eBET Limited (ASX:EBT) CEO and Managing Director, Ken Carr
 
 
Carolyn Herbert: eBET Limited (ASX:EBT) is a gaming technology company providing gaming systems to venues across Australia and the Asia-Pacific. eBET has been expanding its network of electronic gaming machines as well as growing its range of innovative value-added solutions.
 
I’m Carolyn Herbert and joining me at the CEO Sessions in Melbourne is the company’s CEO and Managing Director, Dr Ken Carr. Ken, welcome back.
 
Dr Ken Carr: Thanks very much Carolyn, nice to be here.
 
Carolyn Herbert: The company has just released impressive full year results for FY2015. What were the highlights?
 
Dr Ken Carr: It was actually a really good year for eBET this year Carolyn. Our revenue grew quite strongly from $40 million last year, to $51.6 million this year. Our profit was a significant increase of 67 per cent overall from there. And importantly, our cash flow almost doubled, which allowed us to increase our dividend this year by 155 per cent.
 
Carolyn Herbert: With regards to your expanding footprint, eBET has significantly increased its electronic gaming machine network. Can you explain what’s driven the increase?
 
Dr Ken Carr:The number of AGMs actually drives our performance, how we measure our performance, overall. This year we grew from being 54,000 machines to almost 70,000 - 69,800 machines this year. In that respect, it drives us to increase our overall profitability per machine, as we go forward.
 
Carolyn Herbert: What can we expect in terms of new technology solutions, moving forward?
 
Dr Ken Carr: Our system is the pre-eminence system for gaming systems in the market. Add on to that some of our value added add-ons such as Trace, CARD IT and other things, you should see a lot of growth overall from us this year.
 
Carolyn Herbert: What about acquisitions, what’s the outlook there?
 
Dr Ken Carr: We’ll always maintain an active acquisition policy. Last year we bought Flexi-NET, which has been an outperformer for us altogether. We’re very good at merging acquisitions into our business. Overall we’re still looking for new acquisitions, although mindful of our ASX requirements and it answerswhere we locate.
 
Carolyn Herbert: Finally Ken. What’s your outlook for the next 12 months and what should investors be looking out for?
 
Dr Ken Carr: Our priority is really growing the footprint. At the moment we’re 69,000 machines, we thing we can grow significantly from that. Add onto that a lot of the value added add-ons, looking at additional profitability and more cash flow coming through.
 
Carolyn Herbert: Ken Carr, thanks for joining us on FNN.
 
Dr Ken Carr: It’s been a pleasure Carolyn, look forward to seeing you again next time.
 
 
Ends