• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GTech SpA announces Q1 2014 results

May 08, 2014 Newsdesk Industry Talk, Latest News  


GTech SpA announces Q1 2014 results

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.

 


  • tweet
Related articles
  • IGT 1Q revenue slightly up y-o-y, on higher gaming sales
    IGT 1Q revenue slightly up y-o-y, on...

    May 11, 2022  

  • Light & Wonder completes sale of lottery biz to Brookfield
    Light & Wonder completes sale...

    Apr 06, 2022  

More news
  • Main-building work at Naga 3 begins mid-2023: NagaCorp
    Main-building work at Naga 3 begins...

    Mar 24, 2023  

  • Macau diversification into non-gaming to remain slow: Fitch
    Macau diversification into non-gaming...

    Mar 24, 2023  


Latest News

Main-building work at Naga 3 begins mid-2023: NagaCorp

Main-building work at Naga 3 begins mid-2023: NagaCorp

Mar 24, 2023  

Piling work for Naga 3, an addition to the NagaWorld gaming complex in Cambodia’s capital Phnom Penh, was at “96 percent completion”, said the promoter’s 2022 annual report, issued on...
Read More
Macau diversification into non-gaming to remain slow: Fitch

Macau diversification into non-gaming to remain slow: Fitch

Mar 24, 2023  

Osaka to up ‘gambling addiction’ centres before IR opens

Osaka to up ‘gambling addiction’ centres before IR

Mar 24, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


April 8, 2028

Completion deadline for 'Marina Bay Sands 2.0', as authorised by Singapore’s authorities



Most Popular

  • Sands China woos Singaporeans as Air Macau opens routeSands China woos Singaporeans as Air Macau opens route March 23, 2023
  • March 18 Macau arrivals nearly 100k, best since pandemicMarch 18 Macau arrivals nearly 100k, best since pandemic March 23, 2023
  • Contractor named, work starts for Wynn UAE schemeContractor named, work starts for Wynn UAE scheme March 23, 2023
  • LVS gets 1-year extension for Marina Bay Sands 2.0 startLVS gets 1-year extension for Marina Bay Sands 2.0 start March 24, 2023
  • Universal Ent affiliate to develop land next to Okada ManilaUniversal Ent affiliate to develop land next to Okada Manila March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us