Big news for IGT. Slot machine giant grew profits in the fourth quarter, despite a decline in revenue, the company announced Thursday.
IGT, which is being bought by Italian lottery provider GTECH Holdings for $6.4 billion, said net income for the quarter that ended Sept. 30 was $70.9 million, compared with $64.5 million in the same quarter of 2013. The profits translated into earnings per share of 28 cents, compared with 24 cents a year ago.
IGT’s revenue in the quarter declined 15 percent to $536.5 million.
For all fiscal 2014, IGT said its total revenue declined 12 percent to $2.1 billion.
Il titolo del Main Event delle World Series of Poker 2024 va a Tamayo
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La storia del poker si è svolta oggi all'interno dell'Horseshoe Las Vegas
Events Center, quando Jonathan Tamayo è stato incoronato campione del Main
Even...
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