The next tender for the concession of Lotto it doesn't scare IGT, the gaming giant which, at the head of a consortium, manages gaming in Italy. He talked about it Vincent Sadusky, CEO of Igt, during a meeting with shareholders. In recent days, journalistic rumors have reported the possibility that in the next one Budget maneuver can also end the concession tender expiring in 2025. There has been talk of an 800 million euro tender, with the possibility of higher offers. There could also be a match Sisal which, with a communication to the Mef, would have formalized its intention to participate in the tender.
"Italy's performance in the first nine months of 2023 continues to amaze with 8% growth in sales of both Scratch Cards and Lotto. Continuous gaming innovation complemented by our insights and strategic portfolio optimization initiatives have been the key factors in the growth of this segment." Sadusky explained.
"We have managed the Italian lottery concession for a very long period of time. I think it's an absolutely exceptional team result. We took a very old lottery and continued to innovate and drive sales by increasing them. This is a very mature market, with very sophisticated players. I think the ability to innovate, both retail and game development, has generated great results for all stakeholders. Certainly for the state, the tobacconists and IGT itself. We feel very confident about our opportunities, our knowledge and ability to work closely with the regulator and to grow the game. We also believe that the leadership position is clearly an advantage for us", He concluded.
In recent days the operator has presented the results for the third quarter of 2023, with a turnover of 1,06 billion dollars, in line with the numbers of the same period last year.
Revenues were driven by the Global Lottery sector which recorded receipts of $601 million.
Operating profit of $239 million increased 13% from $211 million a year earlier, thanks to strong performances from Global Gaming and PlayDigital; operating income margin increased 250 basis points to 22%.
Adjusted EBITDA of $433 million increased 8 percent from $402 million in the prior-year period, driven by higher operating revenue and depreciation and amortization, partially offset by lower transaction expenses associated with the sale of merchant services in Italy in the previous year.
