Japanese entertainment conglomerate Konami Holdings saw its Gaming & Systems segment back in the black in the six months to 30 September 2021, recording business profit of JPY1.83 billion (US$16.1 million) versus a loss of JPY1.24 billion (US$10.9 million) in the same period last year.
The reversal was primarily due to the easing of COVID-19 restrictions in the key North America market, Konami said, as well as new instalments of the company’s SYNKROS management system. Among the new instalments was Resorts World Las Vegas, Genting Berhad’s US$4.3 billion Las Vegas Strip IR that opened in June.
Revenue for the Gaming & Systems segment grew 71.7% year-on-year to JPY12.27 billion (US$107.7 million).
Group-wide revenue, also incorporating Konami’s Digital Entertainment, Amusement and Sports segments, increased 20.2% year-on-year to JPY139.49 billion (US$1.22 billion) while profit attributable to owners of the company doubled from JPY13.45 billion (US$118 million) to JPY27.74 billion (US$243.5 million).
Konami said it is planning further improvements to its product line in the coming months, including the addition of biometric authentication technology, a money laundering prevention system and cashless gaming technology to SYNKROS.
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