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IGT Operating Income Jumps 9% in Second Quarter

1 August 2018 by Dustin Jermalowicz

This story was published more than 4 years ago.

Land betting giant International Game Technology has released their second quarter 2018 financial results, revealing that the group's revenues rose during the period.

Key financial indicators for the second quarter ending June 30th, 2018 were:

  • Operating income up 9% to $209 million
  • Revenues down 1% to $1.2 billion, related to the sale of DoubleDown Interactive last year
  • North American lottery revenue up to $309 million
  • Interactive revenue down to $254 million

Moving forward, IGT expects to see results surge due to regulated sportsbetting in the United States. The company was selected by FanDuel to run their sportsbetting operations in New Jersey, and the activity was only live for two weeks before the reporting period ended. The country also has a strong base in home country Italy, where it runs a lucrative lottery business.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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6 August 2018 - 8:19pm
#1
Quote:

Revenues down 1% to $1.2 billion, related to the sale of DoubleDown Interactive last year

Yeah, how huge 1% drop could be in this case really.
I guess their partnership with Fun Duel in US is a huge promise for the future though.