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IGT Q2 - 2013 Numbers
Friday April 26,2013 : IGT RELEASES Q2-2013 NUMBERS
International Game Technology has posted its Q2-2013 results, showing impressive gains in interactive operations, mainly through the company's social gaming investment in DoubleDown Casino.
The company reported general revenues up by 11 percent to $600 million, with North American sales comprising 25 percent of the total. Adjusted earnings per share soared 33 percent to $0.36, and adjusted operating income increased 13 percent to $164 million. Gross margin increased to 62 percent from 61 percent in the second quarter 2012.
On the interactive side, social gaming revenues increased 31 percent to $54 million, with average revenue per daily active user up 19 percent.
Interactive revenues were up 94 percent compared with Q2-2013 to $66.7 million, with social gaming contributing $54.3 million - a 155 percent rise over the same period in 2012. IGTi contributed 12.4 million - down around 5 percent. Gross margin on interactive was up 13 percent at 61 percent.
DoubleDown casino daily active users increased 25 percent to 1690.
Patti Hart, CEO of IGT, said management was "very pleased" with the results and expected 2013 to be the company's fourth consecutive year of double-digit growth.
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Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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