Gaming and lottery provider International Game Technology Plc (IGT) reported on Tuesday first-quarter revenue of nearly US$1.02 billion, up 24.7 percent from the prior-year quarter. The figure was up 14.7 percent from the fourth quarter.
IGT stated it had achieved some of its highest revenue and profit levels in its history during the opening quarter of 2021.
The company said the increase in revenue was driven by an “outstanding performance” in the group’s global lottery segment, as well as “continued recovery in global gaming, including acceleration in digital and betting activities” during the reporting period.
For the three months to March 31, IGT outlined that its global gaming revenue declined by 14.2 percent year-on-year, to US$266.0 million. That was still a 4.3-percent increase sequentially, “as U.S. gaming markets continue to recover,” stated the company.