The company also reported a 9 % rise in
adjusted EBITDA, growing to US$ 1.76 billionn from US$ 1.61 billion, while
adjusted income also grew by 12 % to US$ 1.2 billion.
"IGT reached many important milestones in
2016,” said IGT’s CEO Marco Sala. "We also made good progress with our gaming turnaround,
developing compelling new titles and hardware, in addition to expanding our
international presence.”
The solid results came in spite of ongoing
problems with IGT’s social casino offering, DoubleDown, which contributed to a
decreased North America gaming service revenue of US$ 230 million in the fourth
quarter.
"One of the reason why DoubleDown is
suffering is an increased competitionl, and increased competition has been very
often driven by new applications,” Sala explained, speaking during the company’s
earnings call. "We are actively working on improving Double- Down’s
performance, including investment in technology to offer a more engaging player
experience, particularly on mobile devices.”
Sala also revealed that the company is
watching the Colombian market carefully: "They are discussing a VLT program in
that country and that would be a good opportunity to have, because it will be a
program that according to what we understand, could be similar to the Italian
program,” he said.
Source: GMB / Casino-review.co
