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Italy weighs on Lottomatica as Q3 revenues slip

8th November 2012 9:06 am GMT

Italy’s Lottomatica Group has reported a marginal 0.1 per cent drop in revenues to €740.2m for the third quarter of 2012, with strong growth in its GTECH Lottery and SPIELO International businesses offset by a decline in the company’s core Italian Operations.

Revenues from Italian Operations fell by 11 per cent to €406.5m which the company said was a result of a lower incidence of Lotto late number wagers, unusually high sports betting payouts, and the [...]

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