IGT hits near-record highs in Q3

Double-digit growth across all business segments have been recorded at IGT in its third quarter results.

Operating income more than doubled to $212m and adjusted EBITDA was almost at a company record high of $407m.

Said Marco Sala, CEO: “Broad-based momentum across our lottery, gaming and digital and betting activities drove significant improvement in key financial and performance metrics.

“Revenue grew over 20 per cent and operating income more than doubled, highlighting the strength of our portfolio.”

Total revenue was $984m compared with $816m, said the company. In the year IGT had won a 10-year lottery contract with Connecticut Lottery, signed a seven-year contract with La Francaise des Jeux, the French lottery, to upgrade its system, made key new appointments to its management in sports betting and igaming and announced several turnkey sports betting solutions.