0
$ £

IGT To Expand Online Operations

Gambling giant International Game Technology stated its intention to expand its online presence while delivering its fourth quarter financials.

IGT CEO Patti Hart commented on the company's 2011 results as well as 2012 goals, saying: “In fiscal year 2011, we grew revenue, leveraged our gaming operations, improved margins, positioned the international business for growth and increased our interactive presence.

“We are focused on improving all aspects of our business, with the expected outcome of improved returns to our shareholders in fiscal year 2012.”

IGT's income for the fiscal year ending September 30th was $292 million, up 33% over the past year. Additionally, Hart reported the company's revenues rose 14%in the fourth quarter to $540 million, from which more than half came from gaming operations. The rest came from product sales.

Other fourth quarter financial indicators for the company include:

  • Operating income up 18% to $116 million ($98 million last year)

  • Gaming operation revenues up 8% to $283 million ($261 million last year)

Share this