IGT Cut Losses in Third Quarter

Casino software giant International Game Technology has announced their third-quarter financial results, noting that the company cut losses during the period.

The company's abbreviated third-quarter financials for the quarter ending September 30th, 2020 were:

  • Gaming division revenues fell 14.9% to $981.5 million
  • Services revenues were $880.1 million, down 4.5% from last year
  • Product sales down 56.2% to $101.3 million
  • Lottery revenues rose 3.3% to $570 million
  • The American market remained the largest market for betting, with $443 million in revenues
  • Italy was second, with $416 million, up 3.5%

Commenting on the performance IGT CEO Marco Sala said, "Strong player demand and a host of compelling new games, systems, and digital solutions led to a sharp, sequential improvement in our most important markets.

"We continue to monitor the evolution and impact of the pandemic around the world. With a simplified organization firmly in place, we are creating a leaner, stronger IGT."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.

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