IGT reports 2Q results

- Adjusted EBITDA of $427 million and adjusted earnings per share of $0.35; GAAP earnings per share of ($0.59)
- Pro forma adjusted EBITDA of $1.575 -$1.675 billion expected in fiscal 2015
- Initiates quarterly cash dividend of $0.20 per ordinary share

In a separate news release issued, the Company's Board of Directors initiated a quarterly cash dividend of $0.20 per ordinary share. The first cash dividend is payable on September 10, 2015 to shareholders of record as of the close of business on August 26, 2015.

"We are pleased to report for the first time as a single Company," said Marco Sala, CEO of IGT. "As anticipated, our second quarter results reflect the stable growth characteristics of our global lottery operations and a meaningful sequential improvement in our gaming operations.  We have accomplished a lot in the past four months, notably organizing ourselves under a single leadership team and consolidating our manufacturing footprint. There is much more ahead of us.  In this year of transformation, we will continue to focus on integration to provide a solid foundation for future growth and value creation."

"The second quarter is a major milestone for our Company, as we present our first set of financials in dollars, under U.S. GAAP," said Alberto Fornaro, CFO of IGT. "Our adjusted operating income improved from the prior year's level on a pro forma, constant currency basis and our financial condition remains strong. We will continue to operate with our customary, disciplined cost management and are confident in achieving our synergy targets according to plans."

To access the report, click here: http://merger.igt.com/news/news-releases