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IGT reports $1.1bn first-quarter revenue as gaming sales fall

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IGT reported first-quarter revenue of almost $1.1 billion, up 1% year on year, with worldwide lottery sales of $661 million. Gaming and igaming revenue fell to $406 million from $436 million; the company attributed the decline to fewer terminal shipments and higher prior-year intellectual property and software licence revenue, partly offset by service growth.

Lottery growth contrasted with lower gaming and igaming revenue, highlighting IGT’s differing business trends for investors and operators.

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Licences & markets

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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