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LONDON, May 24, 2021 /PRNewswire/ International Game Technology PLC ( IGT ) (NYSE:IGT) announced today that it has extended its historical horse racing (HHR) portfolio to include performance-driving Wheel of Fortune
®-themed games. The highly anticipated games debuted at Churchill Downs Incorporated ( CDI ) HHR facilities throughout Kentucky, marking the first licensed theme IGT has introduced into the HHR market.
IGT deployed a total of 40 CrystalWheel™ cabinets featuring an HHR version of the exciting Wheel of Fortune Cash Link™ Exotic Far East theme throughout Derby City Gaming in Louisville, Oak Grove Racing, Gaming & Hotel in Oak Grove, and CDI s newest Kentucky property, Newport Racing & Gaming in Newport.
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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.
Casino game supplier and lottery services firm International Game Technology Plc says it completed on Monday the EUR950-million (US$1.15-billion) sale of a consumer-facing Italian gaming business.
The company said its unit IGT Lottery SpA completed the sale of 100-percent of the share capital of Lottomatica Videolot Rete SpA and Lottomatica Scommesse Srl, the entities running the group’s business-to-consumer (B2C) gaming machine, sports betting, and digital gaming businesses in Italy.
The buyer is Gamenet Group SpA, identified as a subsidiary of funds managed by an affiliate of private equity firm Apollo Global Management Inc.
According to the deal, EUR725 million was payable at closing of the deal; with a further EUR100 million on December 31, 2021; and the remaining EUR125 million payable on September 30, 2022.