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IGT DECLARES QUARTERLY CASH DIVIDEND

IGT DECLARES QUARTERLY CASH DIVIDEND

Double Down fails to shine in third quarter results.

International Game Technology’s Board of Directors has declared a quarterly cash dividend of $0.20 per ordinary share on the back of its third quarter and nine-month fiscal report.

Key performance indicators for the 12 week period ending September 30, 2016 included:

-    Consolidated revenue up 5 percent to $1,266 million (Q3/2015: $1,202 million). Primarily attributed to strong performances in the North America Lottery and Italy segments.

-    Gaming service revenue was below the prior year, primarily on lower DoubleDown revenues which dipped 17.5 percent to $66 million (Q3/2015: $80 million).

-    Operating income increased 26 percent to $164 million (Q3/2015: $130 million).

-    Adjusted operating income grew 9 percent to $286 million, from $261 million.

-    Adjusted EBITDA of $430 million was 4 percent higher than in the third quarter of 2015, representing the fourth consecutive quarter of year-over-year growth.  

-    Net loss attributable to IGT plc was $2 million reflecting the impact of $21 million in primarily non-cash foreign exchange losses.

-    On an adjusted basis, net income attributable to IGT rose 6 percent to $90 million.

-    The Company reported net loss per diluted share of $(0.01) and earned $0.45 per diluted share on an adjusted basis.

"We achieved broad-based growth across regions in the third quarter and our financial condition is strong," Alberto Fornaro, chief financial officer of IGT commented.

"Higher profitability enabled us to maintain our leverage ratio despite the significant interest and tax payments of the quarter. Based on our performance to date, we remain comfortable with our adjusted EBITDA outlook for the full year."



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Aussie Millions won by Norwegian Jon Kyte and New Zealandís Daniel Smith - In this event, poker players teamed up in pairs to form 79 teams. The teams had to climb their way up to the throne by beating the other teams. A total prize pool of A$80,975 was shared amongst the teams. The Shot Clock Team became particularly popular because the players had to devise their own ingenious strategies so as to reach the top.

ACR $15 Million OSS Cub3d - Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.

AIGF and Betradar formalised their relationship - At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.

Lionís Roar Slot Pays Progressive at Ignition Casino - Ignition Casino saw a major win in one of their lion-themed slots last week. The recipient was a California slot player named Amber S.

EHF and Sportradar Extend Partnership - The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.

Swisslos and Betradar in Deal - Swisslos offers lotteries, sport bets and instant tickets in the entire territory of German-speaking Switzerland, in Ticino and in the Principality of Liechtenstein. It structures its range of games in an attractive and responsible manner. Swisslos transfers it entire net profit to the mandating cantons and the Principality of Liechtenstein to support public causes.

World Snooker and Sportradar extend partnership - Extending a relationship that started in 2010, World Snooker is delighted to announce the renewal of their official data partnership with Sportradar.

Americas Cardroom offering mouth-watering value - It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.

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