It is also the sole bidder to run Rhode Island’s potential sports betting operation and has a sports betting system in Italy that can support a “full-scale operation” or a kiosk-type retail format through its Lottomatica divisions.
“In the US, we already provide a regulator-certified sports betting solution that is up and running at MGM’s casinos in Nevada. This solution is comprised of both land-based retail sports betting platform and the PlaySpot, our mobile solution. Ultimately, the opportunity will depend on how many states choose to allow sports betting, how quickly they do so, and how the regulations will shape the offer,” Sala said.
“Having said that, we have a longstanding deep relationship with the US casino operators and state lotteries, and have been actively engaged with them and government authorities to support shaping a safe and sustainable offer. We feel that we have the know-how to provide a turnkey solution,” he added.
Deutsche Bank Analyst Carlo Santarelli believe the company is in a good position. “While IGT has been less vocal, relative to peers, as it pertains to the sports betting opportunity, we believe the customer relationships and broad offering suite position IGT well for incremental gains from the evolving sports betting environment,” Santarelli said.
Global lottery growth was an important driver in the quarter with sales increasing 24% in North America whilst jackpot games increased over 50%, helped by both Powerball and Mega Million.
“Compelling content and technology solutions are driving our results. Lottery same-store revenue growth was among the highest levels in the last several quarters, even in our largest markets. A sharp increase in systems sales, double-digit growth in global gaming machine replacement unit shipments, and sequential improvement in the North America installed base confirm the good momentum of our global gaming business,” Sala explained.
Source: GMB / G3 Newswire
