Your Daily Asia Gaming eBrief: IGT profit up as 3Q22 revenue hits $1.06bln

Wednesday 9th of November 2022

Good morning. A further installment of third-quarter results show companies are returning to growth, and profit, as global giant IGT registered revenue of $1.06 billion, with income up 192 percent yearly, despite a slight downturn in its lottery business. In the Philippines, Solaire operator Bloomberry Resorts says things are returning to pre-pandemic levels, with an 89 percent yearly increase in GGR in 3Q22, driven by strong domestic demand.

What you need to know

Global gaming behemoth IGT has registered solid results in 3Q22, with revenue topping $1.06bln and income up by 192%.
Solaire operator Bloomberry Resorts has seen an 89% yearly increase in GGR in 3Q22, on strong domestic demand as it returns to 'pre-pandemic levels'.

On the radar

Everi Holdings records all-time quarterly record in 3Q22.
GLI Asia appoints Brian Huang to expand Philippines and APAC presence.
AGTech registers $5.6mln loss in 3Q22.

AGB Intelligence

RESULTS

IGT revenue tops $1.06bln in 3Q22, income up by 192% yearly

Global gaming behemoth IGT saw a solid third quarter, reaping some $1.06 billion in revenue, and seeing net income increase to $294 million, up 192 percent annually. The figures come amongst 'significant increases in machine shipments' and despite a small downturn in the group's lottery segment. Digital and betting revenue was also up, following the group's acquisition of iSoftBet in July.