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IGT swings to profit in second quarter despite slight revenue decline

1st August 2018 5:49 am GMT
IGT

New York-listed lottery and gaming supplier International Game Technology (IGT) has reported a 1 per cent decline in revenue to US$1,202m for the second quarter of 2018.

Adjusting for the sale of DoubleDown Interactive, revenue was flat at constant currency, with a strong lottery performance in North America and Italy helping to offset the negative impact of newly adopted revenue recognition accounting guidance (ASU 2014-09), which hit revenue by $33m.

Revenue from the North America Gaming & [...]

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