ROME: International Game Technology PLC has registered revenue for the first quarter of this year amounting to US$1.28 billion (MOP10.23 billion), a 51 per cent increase year-on-year, but also a net loss increase of 132.13 per cent due to non-cash foreign exchange losses, a company statement revealed.
International Game Technology PLC, a slot machine and lottery company created through a US$6.4 billion merger between Italian lottery company Gtech and slot machine company IGT, justified the revenue growth as due to ‘strong lottery performance, particularly in North America and Italy,’ as ‘global lottery same-store revenue, excluding Italy, increased 18 per cent during the first quarter, reflecting the benefit of the record Powerball jackpot in the United States’, but with gaming revenue lower than in 2015.
