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Lottomatica Net Profit Falls on Writedowns, Revenues Climb

4th March 2010 9:52 am GMT

Italy's Lottomatica Group said Thursday that 2009 full year revenues climbed 5.7% to €2.18 billion as a result of the solid performance of its Italian operations, principally in the area of sports betting, while interactive subsidiary GTECH G2 reported 47% higher revenues.

Total revenues from Italian operations climbed 15% year-on-year to €1.17 billion with the contribution from sports betting climbing 28.8% to €186.5m, with the company ending the year with 1,190 fixed odds sports betting and [...]

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