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IGT ups 2021 guidance after revenue grows to $1.04bn in Q2

| By Daniel O'Boyle
Gaming and lotteries supplier International Game Technology (IGT) upped its revenue and operating profit guidance for 2021 after Q2 revenue grew 73.5% to $1.04bn, while the sale of Lottomatica helped the business return to profitability.
IGT National Lottery

Of the supplier’s two business segments, its global lottery business made up most of its revenue, growing 58.1% to $725m. 

Of this total, $702m came from services, up 60.4%, with this mostly made up of operating and facilities management contracts. The remaining $23m of lottery revenue came from product sales, a 6.0% increase.

IGT’s global gaming segment, meanwhile, saw faster growth, up 125.9% to $316m. Of the global gaming revenue, $108m came from terminal services and $91m from system and software services, for total gaming services revenue of $199m. Gaming sales came to $117m, up 108.9% of which $86m were terminal sales, an increase of 102.2%.

This meant that IGT’s total services revenue was $901m, up 72.6%. Its total product sales revenue was up 79.5% to $140m.

Read the full story on iGB North America