“The first quarter of 2017 has
been a dynamic period for us,”
said Marco Sala, CEO of
IGT. “Our revenue and
profit are consistent with the
pattern of the year that we
described in March. Year to
date, we’ve strengthened our
leading positions in global
lotteries and begun the rollout
of a new generation of gaming
machines. We are monetizing
non-core assets that will allow
us to significantly reduce debt,
and we are adopting a new
business model for our future
participation in the social
casino space.”
Commenting on the 1Q 2017
Results INTRALOT Group
CEO Antonios Kerastaris
noted: “Robust revenue growth
and improved profits registered
in 1Q2017 are driven by our
strategic decisions to focus on
key markets as well as products
& services portfolio
diversification
Luckily for the casino industry,
there’s another way to get PASPA
nixed if the court ultimately
ends up denying the appeal. The
American Gaming Association is
pushing for a new law. “The
25-year-old ban on sports
betting is fueling a thriving
$150 billion illegal gambling
market that deprives states of
revenue,” said AGA CEO
Geoff Freeman.
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