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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 [...]

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