International Game Technology reported consolidated revenue growth of 30 percent to $1.22 billion in 15Q3 from $938 million in the prior corresponding period as its global lottery business was helped by new game performance, offsetting a decline in product sales. Resilience in global lottery operations offset an expected decrease in gaming product sales, largely due […]
International Game Technology beat analysts’ expectations with its first full set of earnings in dollars after merging with Italy’s GTECH. Q2 adjusted EPS were $0.35, above the Capital IQ mean for $0.27. On a GAAP basis, it had a loss of $0.59 a share. Sales were $1.29 billion, up 36 percent from a year […]
International Game Technology said it is on time and on track to deliver the projected $280 million in synergies from its recent merger with Italy’s GTECH. “We were ready to launch the integration from day one, focusing on revitalizing our R&D capabilities,” CEO Marco Sala said. “Exciting content delivered across the whole range of platforms […]
While the business of selling slots to casinos and online operators remains distinct, the two have been brought closer together in recent years by a new strategic approach which stresses the importance of offering consistency in product, payment and marketing - both in-venue and online. Omni-channel has been a favorite term on the industry conference circuit for some time now, but it appears to finally be having a tangible impact on the strategy and results of many of gaming’s biggest firms. We explore whether it will have the same impact in Asia.
Countries across Asia are overhauling their ageing lottery systems, introducing new products and online sales to boost revenue and appeal to a broader market, providing opportunities for suppliers.
Thailand’s lottery system is facing major changes with amendments to gaming laws that may open the way for online sales to begin as soon as June, and almost double annual revenue to 44 billion baht ($1,354 million).