IGT reports revenue down slightly

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International Game Technology has reported revenue down slightly in its second quarter but a 23 per cent growth in global gaming.

Operating income for the slots developer was $228m and adjusted EBITDA was $409m. Vince Sadusky (pictured), CEO, said: “Strong customer and player demand for IGT’s products and solutions drove some of our strongest profit results ever in the second quarter and first half.

“Our business profile is supported by significant recurring revenue streams backed by long-term contracts and resilient end markets, providing a solid foundation on which to grow. We are laser focused on executing our strategic objectives and creating compelling value for our stakeholders.”

While the quarter had revenue down  two per cent at $1.021bn, against $1.041bn, global gaming revenue rose to $330m while digital and betting revenue of $43m was recorded.

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