“We delivered outstanding results in our Lottery business and improved our key performance indicators in the Gaming business. These achievements were enhanced by disciplined expense management. Bringing innovative content and technology to market remains the cornerstone of our strategy. Last year, we executed well along this path and established a solid foundation for growth in 2018 and beyond,” added Sala.
“We met all of our financial objectives for the year, including the top end of our EBITDA expectations. Net debt was slightly better than our outlook, despite the early Scratch & Win renewal in the fourth quarter,” said Alberto Fornaro, CFO of IGT. “The results for the fourth quarter and full year highlight the diversity and resilience of the IGT franchise,” continued Sala.
The international revenue for the year was US$280m, up 27 per cent on the previous year, with growth in both lotteries and gaming. The company’s installed base was 15,543 machines, up from 10,453 at the end of the previous year, with growth in Africa, in Greek VLTs and video bingo machines.
The company shipped 32,103 gaming machines world-wide in 2017, the company reported.
Source: GMB
