US gaming and lottery supplier International Game Technology (IGT) has recorded a 3 per cent increase in revenue to $1,281.6m for the first quarter of 2016, although the company’s bottom line was negatively impacted by foreign exchange losses incurred during the period.
London-listed binary options provider TechFinancials said Thursday that its focus in 2016 will be on integrating its new agreements with Optionfortune and IBID Holdings, and building on the recent progress made in restoring its customer-facing business to profitability.
Chinese lottery solutions provider 500.com has revealed an operating loss of RMB97.3m (approx.€13.2m) for the first quarter of 2016, as China's ongoing suspension of online lottery sales continues to decimate the business.
Spanish gaming operator CIRSA has reported a 1.5 per cent increase in net operating revenue for the first quarter of 2016, with strong performance in its Spanish and Latin American operations driving an 8.5 per cent increase in quarterly EBITDA.
Shares in gaming operator Sportech climbed more than 15 per cent in London Tuesday as investors hoped that Her Majesty's Revenue & Customs (HMRC) would finally concede defeat in its battle with the company over a £97m VAT claim.