International Game Technology has reported consolidated revenues of US$982 million in the third quarter of 2020, which it says was driven by the strongest lottery same-store sales growth in seven quarters and sharp improvement from the second quarter across all major revenue sources. The firm’s net loss of US$128 million includes US$149 million in foreign exchange losses, primarily non-cash, and therefore its adjusted net income was US $54 million.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.