Tag Archives: Double Down Casino

Lottomatica sports-betting up but IGT hit by social decline

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

Lottomatica’s sports-betting operation in Italy enjoyed 7% growth in wagers in the third quarter benefitting from the second-half of the European Championships falling in the period, however parent company IGT’s results were marred by a significant fall in social casino revenues. The company gave very little further detail other than suggesting the sports-betting business helped contribute, alongside the company’s lottery …

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IGT reports 17% decline in corporate revenue performance

SBC News IGT reports 17% decline in corporate revenue performance

US gambling technology provider International Game Technology (IGT), reported its Q1 2015  earnings report (3 months ending 31 December), as the operator recorded a 17% revenue decline to $450.6 million (2013 – 541.2 million ) IGT senior management stated that the decline in revenues was attributed to decreasing sales of products and content for its land based casino division. The …

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