Going against analysts’ predictions, International Game Technology (IGT) has done well in its first full set of earnings following its merger with GTECH of Italy.
The second quarter sales totalled US$1.29bn, up 36 per cent from last year. Consolidated revenue increased 1 per cent, which reflects double-digit increases in the North American lottery and international sectors, partially offset by single-digit declines in Italy and in the North American gaming and interactive segments.
The company sold 10,147 gaming machines globally, and the company expects to realise $230m in cost synergies by April 2018 from its GTECH merger.
