May 08, 2014 Newsdesk Industry Talk, Latest News  
GTech SpA, a leading gaming operator and provider of technology – including the Spielo casino slot machine brand – has announced its first quarter 2014 results.
Consolidated financial and business highlights:
- Operating income of EUR181 million (US$248.3 million) and stable earnings per share at EUR43 cents
- 6.7 percent lottery same-store revenue growth in the Americas; Italian operations demonstrate resiliency
- Net financial position (NFP) stable, net of buyout of Scratch & Win interest from UniCredit
GTech SpA’s board of directors, chaired by Lorenzo Pellicioli on Thursday, May 8 approved the consolidated financial statements for the first quarter ended March 31, 2014.
“GTech enjoyed a very good first quarter. We delivered results that were comparable to the similar quarter last year, which historically was the Company’s highest on record,” said Marco Sala (pictured), chief executive of Gtech SpA. “Driven by healthy growth in the Americas and stable results in International and Italy, our first-quarter performance gives us confidence in our ability to meet our full-year guidance,” he added.
“Net financial position at the end of March reflects the UniCredit buyout and distributions to minority shareholders in the Italian Scratch & Win concession, which historically occurred in our second quarter,” said Alberto Fornaro, chief financial officer of GTech SpA. “We feel very positive about the trends in NFP. The recent upgrade in our credit rating by Standard & Poor’s is further testimony to our long-term financial strength,” added Mr Fornaro.
Italy’s Lottomatica Group SpA took over fellow lottery provider GTech Holdings in 2006 for US$4.7 billion, becoming one of the largest lottery groups in the world. Lottomatica changed its name to Gtech SpA, in June 2013 as part of the company’s strategy to develop the business on a global scale.
Jun 09, 2023
May 11, 2022
Dec 07, 2023
Dec 07, 2023
Dec 07, 2023
Two Macau gaming labour groups have told GGRAsia they are hopeful the industry’s casino-floor operations staff can receive a pay rise in 2024, as the local industry continues to recover from...
(Click here for more)
”If they [Star Sydney] can’t prove they are capable of operating with a conditional licence over the next six months, the manager will be retired, and the doors will close”
New South Wales Independent Casino Commission