Interactive Makes A Useful Contribution To Gtech Q4

INTERACTIVE MAKES A USEFUL CONTRIBUTION TO GTECH Q4

15th March, 2015 at 16:03:09
Source: http://www.azonlinecasinos.com

But Italian revenue from the division slips 7 percent.

The interactive division of Italian gaming technology and lottery provider GTech made a useful contribution to its fourth quarter results according to a report received by AZ Online Casinos this week, showcasing overall interactive revenue of Euro 28 million - up 7 percent.

American and International interactive contributions were both up strongly, whilst interactive product sales soared almost three-fold to Euro 1.7 million. Unfortunately, that success did not extend to the group's home nation, where interactive gaming revenue slipped 7% to Euro 18.5 million.

Management characterised the overall performance of the GTech group as robust, with quarterly revenue up 4.7% y-o-y to Euro 809.5 million, and earnings reaching Euro 281 million, a 6.7% improvement on the corresponding quarter last year.

Despite this, a net loss of Euro 92.8 million was recorded for the quarter and attributed to costs associated with GTech's forthcoming multi-billion dollar acquisition of International Game Technology. Stripping out those costs, net income was up an impressive 83% to Euro 53 million.

In common with the interactive results, operations in America and in the international business arena were strong, with revenues from the Americas up 10% to Euro 252 million, and a 34% rise in International revenues, which reached Euro 113 million, mainly from Europe.

Related News Tags: , ,



« News index »



WATCHANDWAGER LAUNCH INTERNATIONAL ADW PRODUCT

27th March, 2017 at 13:46:09
ADW on international horse races for US customers.

WEST VIRGINIA ONLINE GAMBLING BILL MEETS EARLY OPPOSITION (Update)

25th March, 2017 at 08:38:18
HB3067 faces political and time constraints.

INSPIRED DETAILS MULTIPLE DEALS AND PROGRESS

22nd March, 2017 at 20:12:25
Plenty of action at virtual sports provider.

MORE DETAILS ON COSTA ONLINE GAMBLING LEGALISATION BILL IN PENNSYLVANIA (Update)

21st March, 2017 at 21:54:56
Senator Jay Costa introduces his bill SB524 with the support of three other senators.

PADDY POWER BETTING SEEKING HEAD OF TRUMP BETTING CANDIDATE

20th March, 2017 at 19:52:51
Three month contract requires a special type of person.