Financial News

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 that when adjusted for these items, consolidated revenue would have climbed 2 per cent in constant currency.

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