Lottomatica’s revenue for 2010 4Q totalized US$ 890 million
Marco Sala, CEO of Lottomatica, said, “Lottomatica had a good year in 2010. Our results are in-line with expectations. We achieved double digit growth in the fourth quarter driven by strong performance in Italy from VLTs, Lotto, and the new Scratch & Win game launches, as well as improved same-store revenues for GTECH. We are encouraged by the momentum we have going into 2011 and are confident in our guidance.”
“During the first two months of 2011, our Italian operations benefited from a strong performance of 10eLotto, late numbers, and the launch of new €20 and €3 Scratch & Win tickets. VLT wagers in Italy are also above our expectations, and GTECH’s same-store revenues continued their solid growth,” said Stefano Bortoli, CFO of Lottomatica.
“Based upon this preliminary trend, we have confidence in the Group’s ability to grow free cash flow in 2011,” Bortoli concluded.
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