• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 16 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Now a pure lottery play, IGT reports significant declines in revenue and profit in 1Q25

Newsdesk by Newsdesk
Wed 14 May 2025 at 05:23
IGT reveals amendments to revolving credit facility and term loan agreements
16
SHARES
396
VIEWS
Print Friendly, PDF & Email

International Game Technology (IGT) reported a 12% year-on-year decline in revenue to US$583 million and a 93% decline in income from continuing operations to US$8 million in 1Q25, with the company citing lower US multi-state jackpot activity, the impact of prior year comparisons and a challenging macroeconomic environment for the fall-off.

The results do not include IGT’s gaming and digital business which are now classified as discontinued operations ahead of the planned sale of those assets to funds managed by affiliates of private equity firm Apollo Global Management Inc later this year.

In recent guidance, IGT said it expected the gaming and digital unit to report adjusted revenue of between US$370 million and US$410 million for the first quarter, with Adjusted EBITDA of between US$120 million and US$135 million.

The company’s official 1Q25 results, released overnight, reflect its position as a pure lottery play. The company reported Q1 Adjusted EBITDA of US$250 million, down 24% year-on-year which IGT mainly attributed to tough comparisons with 1Q24. These included lower profit flow-through from US multi-state jackpot sales and lower terminal sales due to beneficial product mix in the prior year, while the company also cited incremental investments to drive sustainable long-term growth, rebranding costs associated with separating the lottery business from gaming and digital, and negative foreign currency translation.

“Global sales of instant ticket and draw games continue to expand, driven by a steady pipeline of game innovation and portfolio optimization strategies,” said IGT’s CEO, Vince Sadusky. “While the world is currently faced with great uncertainty, we are excited about the initiatives we are working on to drive sustainable, long-term growth and shareholder value.”

IGT’s CFO, Max Chiara, added, “First quarter profit was in line with expectations at constant currency and we delivered strong cash conversion.

“Given lower US multi-state jackpot activity and the current worsening macroeconomic environment, we believe it is likely we will be at the low end of the full-year revenue and Adjusted EBITDA guidance provided in February.

“With a solid financial profile and ample liquidity in advance of important contract renewals, we remain well-positioned for the future.”

IGT said it now expects revenue of approximately US$2.55 billion and Adjusted EBITDA of approximately US$1.10 billion in FY25.

RelatedPosts

Macau visitor numbers back to 95% of 2019 levels in first half of 2025

Macau visitor numbers back to 95% of 2019 levels in first half of 2025

Wed 16 Jul 2025 at 14:47
Macau GGR down 62% year-on-year to MOP$2.48 billion in June

Jefferies updates Macau GGR forecast for 2025 following recent market strength

Wed 16 Jul 2025 at 06:33
Starr Xian: Human Factor

China’s GDP grows 5.3% in first half of 2025, in line with expectations

Tue 15 Jul 2025 at 12:30
European Parliament approves EC recommendation to remove Philippines from list of high-risk jurisdictions

European Parliament approves EC recommendation to remove Philippines from list of high-risk jurisdictions

Tue 15 Jul 2025 at 05:24
Load More
Tags: 2025EuropeIGTlotteryNorth Americarevenue
Share6Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Philippine gambling operators now required to run all advertisements by Ad Standards Council before airing under new PAGCOR MoU

Philippine gambling operators now required to run all advertisements by Ad Standards Council before airing under new PAGCOR MoU

by Newsdesk
Wed 16 Jul 2025 at 19:10

The Philippines’ Ad Standards Council (ASC) will require all gambling-related advertisements for corporate operators to be viewed and approved before being screened or published under a Memorandum of Understanding signed with gaming regulator PAGCOR on Wednesday. The MoU adds gambling...

Macau visitor numbers back to 95% of 2019 levels in first half of 2025

Macau visitor numbers back to 95% of 2019 levels in first half of 2025

by Pierce Chan
Wed 16 Jul 2025 at 14:47

Macau’s Tourism Development Committee has revealed that the SAR’s visitor numbers rose by 15% year-on-year to 19.2 million in the first half of the year, recovering to 95% of 2019 levels. The Committee held its first meeting of the year...

Macau GGR down 62% year-on-year to MOP$2.48 billion in June

Jefferies updates Macau GGR forecast for 2025 following recent market strength

by Ben Blaschke
Wed 16 Jul 2025 at 06:33

Investment bank Jefferies has upgraded its Macau GGR forecast for 2025, explaining in a note that it now expects gaming revenues to reach MOP$237 billion (US$29.3 billion) – in line with market estimates but higher than the Macau government’s recently...

Marina Bay Sands said to be seeking US$9 billion loan facility for expansion, largest in Singapore history

Marina Bay Sands breaks ground on massive US$8 billion expansion project

by Ben Blaschke
Wed 16 Jul 2025 at 06:04

Las Vegas Sands Corp has broken ground on its US$8 billion expansion of Singapore integrated resort Marina Bay Sands. The company held an official groundbreaking ceremony on the site of the expansion project on Tuesday, attended by, among others, LVS...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English