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IGT raises 2024 revenue guidance to $4.4bn as merger process continues

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IGT raised its full-year 2024 revenue guidance to $4.4bn, with CFO Max Chiara projecting $30m in separation and divestiture costs, according to remarks on the company’s earnings call. Chiara forecast second-quarter revenue of $1.05bn and a 22% operating-income margin, and said the Everi Holdings merger was expected to close late in 2024 or early 2025. IGT and joint-venture partners also signed memoranda of understanding to apply for Italy’s nine-year lottery tender.

IGT’s raised guidance and planned merger inform investors, while its Italy lottery tender plans could shape its lottery business.

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Macau regulator approves three more IGT slot games

Macau’s Gaming Inspection and Coordination Bureau approved three IGT game versions for supply in the market on 30 October. Two versions also meet the city’s jackpot-system standard; the approvals do not specify installation dates or machine numbers.

Macau’s casino regulator has cleared three more IGT slot titles, including two designed for the supplier’s RISE55 cabinet. The Gaming Inspection and Coordination Bureau listed Treasure Blast Balloon, San Xing Gao Zhao – Fu Qi Chong Tian and Magic Rockets Tiger under IGT Asia – Macau Ltd, with an approval date of 30 October. The specified versions can be supplied in Macau under the approvals.

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