IGT reports best first quarter in four years
Besides selling games, IGT also leases them to casinos. Its leased game operations saw a 4 % decline, partly caused by lower revenues for its MegaJackpots titles.
Among the company’s highlights for the first quarter of fiscal 2013:
• Revenue increased 19 percent over last year, from us$ 445.5 million to us$ 530 million.
• Income from North American product sales jumped 54 percent. This was primarily attributed to an increase in sales of video lottery terminals in new Canadian and Illinois gaming markets.
• Social gaming revenue increased 15 percent from the fourth quarter of last year to us$ 41 million, as IGT's Double Down Casino became the third-largest grossing app on Facebook and the No. 6 highest earning app on the iPad. Like most gaming companies, IGT began offering casino games on social media sites in recent years to increase the company's reach and profits.
FanDuel CEO Amy Howe exits as Flutter faces industry shift and lowered forecast
Louisiana lawmakers move forward with illegal gambling penalties and sweepstakes restrictions
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Flutter boosts prediction market spending despite Q1 profit slump, cuts 2026 outlook
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
FanDuel CEO Amy Howe exits as Flutter faces industry shift and lowered forecast
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Flows secures Pennsylvania Gaming Control Board authorisation
Sportsbook integration: Deploying betting widgets at scale
Wazdan shortlisted in five categories at SBC Awards Americas 2026
