Login/Register
Octoplay
Octoplay

Impairment charges weigh on IGT as Q3 loss hits $804m

15th November 2017 6:46 am GMT
IGT

New York-listed gaming and lottery supplier International Game Technology (IGT) has posted a net loss of $804m for the third quarter of 2017, with results impacted by impairment charges of $714m relating to its North America Gaming and Interactive business.

Third quarter revenue fell 4 per cent year-on-year to $1,221m, primarily as a result of the sale of DoubleDown Interactive, which contributed $66m in the prior year period, as well as new Lotto concession amortizations.

IGT said [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Related Videos