Good morning. Welcome to the final month of the first quarter! Earnings results continue to pile in, with IGT announcing a very solid 2022, seeing particular growth in its iGaming business as lottery and gaming segments continued to perform solidly. Meanwhile, Genting Singapore has justified its increase in liabilities on the return of visitation to the city, and subsequent revenue increases. And visitation in the Philippines drove up revenues, heavily reducing losses for International Entertainment.

ASEAN Gaming Summit 2023

What you need to know

  • IGT ended the year on a high note, with 4Q22 and full-year results topping expectations, as revenue rose to $4.22 billion in 2022.
  • Genting Singapore says that significant increases in its liabilities are due to the recovery of the city’s visitation and rises in revenue.
  • International Entertainment saw a massive reduction in its loss for 2H22, as gaming grew on the return of punters in the Philippines.

On the radar

AGB Intelligence



IGT delivers strong 4Q22 and FY22 revenue/profits

Global gaming products and services company IGT saw a strong ending to 2022, and a healthy year overall – with annual revenue topping $4.22 billion and operating income at $922 million. The group continued expansion of its lottery and gaming arms, while seeing significant growth from its iGaming segment. Looking to 2023, the group is now predicting revenue of up to $4.3 billion.

Industry Updates

Meet at ASEAN 2023