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IGT slips to Q1 loss as COVID-19 write-downs impact results

18th May 2020 12:36 pm GMT
IGT
SBTech

New York-listed supplier International Game Technology (IGT) has reported an 18 per cent fall in revenue to $940.2m for the first quarter of 2020, as results were affected by COVID-19 related lockdowns in March.

The company said that the global closure of casinos and gaming halls and widespread mobility restrictions significantly hindered gaming service revenue generation during the quarter, while lottery service revenue was lower due to reduced traffic to points of sale.

“After a solid start [...]

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