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IGT posts Q1 revenue growth despite marginal DoubleDown decline

26th May 2016 12:14 pm GMT
IGT

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.

Reported consolidated revenue was up 51 per cent during the quarter, reflecting GTECH’s acquisition of IGT's legacy business.

On a pro forma basis, revenue increased by 3 per cent year-on-year, reflecting a strong lottery performance, [...]

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