This week, International Game Technology, a global game technology and content provider, announced its financial results for the first quarter of this year. 카지노사이트 The company is a prominent name in the Canadian gaming industry as it serves several state-owned lotteries, and recorded impressive results for the quarter ended March 31, 2022.
IGT is an international game leader that provides an attractive and responsible gaming experience for players around the world. The content ranges from lottery tickets and game consoles to sports betting for retail and online customers. Currently, the company operates in more than 100 regulatory markets around the world, including Canada’s major states.
In the first quarter of the new year, IGT generated $1.1 billion in revenue, 4% more than in the same quarter in 2021. Global lottery sales amounted to $680 million, less than $95 million in benefits from Italy’s game facility closures and $749 million a year earlier, including increased multinational jackpot activity.
The company reported a 42% increase in global game sales to $325 million. This is due to a significant increase in product sales revenue and the activation of installation-based devices. In the meantime, digital & betting sales rose 24% to $47 million. This means that double-digit growth resumes throughout the activity as the growth rate increases each year with the timing of market expansion, growth, and jackpot.
In addition, the supplier has announced several key points and performances since Q1 2022. Recently, the global supplier agreed with Atlantic Lottery Corporation to supply 1,184 CrystalDual® 27 video lottery terminals, and announced a broad patent cross-selling agreement with Aristocrat Leis Limited.
IGT also launched top-notch PlayCasino games in West Virginia and expanded brand exposure in five U.S. states and Ontario. Recently, it launched its own private market for game operators. In addition, in the first quarter, it won the “Casino Supplier of the Year” at the Global Gaming Awards London and the “Multi-Channel Supplier of the Year” at the International Gaming Awards.
In February, IGT said its subsidiary IGT Canada Solutions ULC had signed an agreement with Manitoba Liquor and Lottery Corp. Thanks to the collaboration, the supplier has released an upgraded version of the Intel Regen™ video lottery central system to Crown Agency. Both sides announced that the extension will be implemented over the next five years.
The technology is already used in the province by connecting more than 6,600 video lottery terminals through VLT’s local framework. This upgrade includes several iLINK Ultras, the company’s newest retail site controller with enhanced network diagnostics and individual POS devices and logic boxes, giving retailers flexibility.