Good morning. A further installment of third-quarter results show companies are returning to growth, and profit, as global giant IGT registered revenue of $1.06 billion, with income up 192 percent yearly, despite a slight downturn in its lottery business. In the Philippines, Solaire operator Bloomberry Resorts says things are returning to pre-pandemic levels, with an 89 percent yearly increase in GGR in 3Q22, driven by strong domestic demand.
What you need to know
- Global gaming behemoth IGT has registered solid results in 3Q22, with revenue topping $1.06bln and income up by 192%.
- Solaire operator Bloomberry Resorts has seen an 89% yearly increase in GGR in 3Q22, on strong domestic demand as it returns to ‘pre-pandemic levels’.
On the radar
- Everi Holdings records all-time quarterly record in 3Q22.
- GLI Asia appoints Brian Huang to expand Philippines and APAC presence.
- AGTech registers $5.6mln loss in 3Q22.
AGB Intelligence
RESULTS
IGT revenue tops $1.06bln in 3Q22, income up by 192% yearly
Global gaming behemoth IGT saw a solid third quarter, reaping some $1.06 billion in revenue, and seeing net income increase to $294 million, up 192 percent annually. The figures come amongst ‘significant increases in machine shipments’ and despite a small downturn in the group’s lottery segment. Digital and betting revenue was also up, following the group’s acquisition of iSoftBet in July.
Industry Updates
- Digitain agrees on a content agreement deal with Gaming Corps.
- Sportradar and Baseball Australia enter multi-year partnership.
