Sadusky said casino operators believe they need to have up-to-date game technology in order to stay competitive in their markets. In the first quarter, the company shipped 7,200 machines, the highest amount ever for a first quarter. The company’s Global Gaming division showed revenue increases of 42 percent to $325 million, driven by significantly higher product sales revenue and higher active installed base units. That has prompted operators to freshen their casino floors with upgraded machines and games. Sadusky told investors in Tuesday’s earnings conference call that casino operators worldwide are reporting increased numbers of players who are spending more in their properties, and a higher number of younger-demographic players. The company repurchased 1.4 million shares and the company’s board of directors declared a quarterly cash dividend of 20 cents a share, payable to shareholders of record as of May 24 on June 7. The company’s initiatives around a simplified corporate structure have resulted in strong liquidity as we continue to invest in product development and return capital to shareholders.” “The quarter’s strong margin profile highlights the long-term recovery of the gaming business as well as increased levels of lottery play from pre-COVID periods. The first quarter results clearly reflect the power of our portfolio,” said Vince Sadusky, the new CEO of IGT. In the same quarter a year ago, IGT posted net income of $138 million, 44 cents a share, on revenue of $1.015 billion. IGT reported net income of $117 million, 39 cents a share, on revenue of $1.051 billion for the quarter that ended March 31. IGT executives attributed the decline to omicron variant-produced downturns and higher supply-chain costs this year and a tough comparison against first-quarter 2021 numbers, particularly in IGT’s lottery division. The London-based company with a heavy presence in Nevada reported narrowing net income despite a 3.5 percent increase in revenue in the first quarter of 2022. Baskow/Las Vegas Review-Journal) casino play has prompted operators to upgrade their slot machines, a boon to gaming equipment behemoth IGT. Attendees play the Carnival of Wonders machines in the IGT display space during day 2 of the Global Gaming Expo 2021 conference at The Venetian Expo on Tuesday, Oct.

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