IGT- 2Q18 Comments
IGT, the world’s largest lottery firm, reported sound 2Q18 results with sales down 1% yoy to $1,202m but EBITDA up 4% yoy to $442m (36.8% margin) against $424m (34.8%) last year. The second quarter provided further evidence of IGT’s power in the lottery market, both in the US (47% of the business) and Italy (37%). The group continued to enjoy increasing demand for instant-ticket and draw-based lottery games (+5.3% yoy) in the US, as well as for lottery (+7.5% yoy) in Italy.
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