“INTRALOT announces an almost on par Revenue (+2.4%) and EBITDA (-2.4%) y-o-y performance for 1H18 despite FX turmoil in key markets”
President and CEO Olli Sarekoski: "Veikkaus is preparing for large-scale changes in the coming years. The drastic changes in the operating environment, the ever-accelerating international competition, and our planned shift towards comprehensive identification on decentralised slot machines require us to carry out special measures and development work.
Mark Michalko, the executive director of the lottery, said with each year of progress more and more people can see the benefits of the money raised by the lottery. The additional funds help counties build and repair schools, help North Carolina students cover the costs of college, support school systems and provide pre-school for four-year-olds in every county of the state.
Global lottery sales increase 3.8% in FY 2017 over FY 2016 Asia Pacific increased 7.4% Latin America 6.2%; Africa 4.9%; North America 6.7%; Europe 0.6%.
“It is pleasing to see the strong increase in Revenue and NPAT from continuing operations which can be attributed largely to improved customer activity on the new software platform enabling the team to make the most of available jackpots, and operating leverage”, said Mr Mike Veverka, CEO and Founder of Jumbo Interactive.
Barry Cottle, CEO and President of Scientific Games, said, "I'm very pleased with our accomplishments this quarter and particularly proud that all four businesses continued to experience growth this quarter and are accelerating our financial momentum. Our core businesses are strong and ready to capitalize on the significant opportunities in the marketplace to drive growth by delivering great games and robust platforms and systems that enable them. We remain focused on delivering results, maintaining our financial discipline and strategically investing in our future to maximize shareholder return."
"The strong second quarter results reflect continued global Lottery expansion that is accentuated by disciplined expense management," said Marco Sala, CEO of IGT. "The North America Lottery and Italy segments each exceeded our expectations in the period. The North America Gaming installed base grew sequentially, and we have a compelling roster of new, for-sale video reel games coming to market in the second half. The strong start to the year gives us confidence we can achieve our 2018 strategic and financial goals."