Published
OnlineCasinoLotteryFinancial

IGT Q3 revenue up 3% despite Italian decline

IGT has reported revenue of $1.15bn for Q3 2019, a 3% rise year-on-year at constant currency.

igt (1)

Operating income fell 19% to $154m, while adjusted EBITDA dropped 5% to $407m.

The supplier’s net debt decreased 3% to $7.35bn.

IGT attributed its revenue growth, which was flat when not measured at constant currency, to an increase in global gaming product sales.

North America gaming and interactive revenue was $253m, an increase of 10%, while lottery revenue in the country was $38m, a rise of 1% from 2018.

Total Italian revenue fell 1% to $402m, with the sharpest drop in gaming, down 7% at $154m. The supplier attributed this mainly to the impact of higher machine gaming taxes in the country.

Marco Sala, IGT CEO, said: "Key performance indicators were solid in the quarter – gaming machine unit shipments increased 44%, while same-store revenue for draw games and instants rose 4%.

"Our leading positions are rooted in our focus on player-driven performance, which was on display at recent lottery and gaming trade shows and should sustain our momentum going forward."

Last month, IGT was awarded the license to operate Brazil’s Lotex instant lottery in partnership with Scientific Games.

Premium+ Connections
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...