Igt Releases Q2-2013 Numbers

IGT RELEASES Q2-2013 NUMBERS

26th April, 2013 at 03:36:53
Source: http://www.azonlinecasinos.com

Interactive operations showing impressive increases

International Game Technology has posted its Q2-2013 results, showing impressive gains in interactive operations, mainly through the company's social gaming investment in DoubleDown Casino.

The company reported general revenues up by 11% to $600 million, with North American sales comprising 25% of the total. Adjusted earnings per share soared 33% to $0.36, and adjusted operating income increased 13% to $164 million. Gross margin increased to 62% from 61% in the second quarter 2012.

On the interactive side, social gaming revenues increased 31% to $54 million, with average revenue per daily active user up 19 percent.

Interactive revenues were up 94% compared with Q2-2013 to $66.7 million, with social gaming contributing $54.3 million - a 155% rise over the same period in 2012. IGTi contributed 12.4 million - down around 5 percent. Gross margin on interactive was up 13% at 61 percent.

DoubleDown casino daily active users increased 25% to 1690.

Patti Hart, CEO of IGT, said management was "very pleased" with the results and expected 2013 to be the company's fourth consecutive year of double-digit growth.

In other news from IGT today, the company released a new online slot machine entitled Day Of The Dead. The slot debuted at IGT's own Kerching casino and was rolled out to licencees of their games the same day (for a list of casinos who licence IGT games, check out the IGT casinos list here at AZOC).

Day Of The Dead is a Multiway Xtra slot machine with 720 paylines that pay left-to-right and right to left. It features a free spin bonus where the player can win up to 240 free spins with retriggers.

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