Zona de Azar U.K. – International Game Technology PLC Reports First Quarter 2018 Results

U.K.- May 22, 2018 www.zonadeazar.com  International Game Technology PLC (“IGT”) (NYSE:IGT) today reported financial results for the first quarter ended March 31, 2018. Tomorrow, at 8:00 a.m. EDT, management will host a conference call and webcast to present the first quarter results; access details are provided below.

Net loss of $103 million includes $97 million of net foreign exchange loss; Adjusted net income was $31 million

– Adjusted EBITDA of $436 million on strong global casino system sales, continued growth in lottery same-store revenues, and Italy sports betting results

– Net debt of $7,525 million includes $119 million of net negative foreign currency impact

– North America region simplified and consolidated under the leadership of Renato Ascoli as CEO of North America

– Cash dividend declared of $0.20 per ordinary share

– Company to host Investor Day on August 2, 2018

“Compelling content and technology solutions are driving our results,” said Marco Sala, CEO of IGT.  “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.  The positive underlying contribution from each of our operating segments provides a strong start to the year.”

“We are solidly positioned to achieve our 2018 strategic and financial goals,” said Alberto Fornaro, CFO of IGT.  “With revenue growing 5% and Adjusted EBITDA up 18%, our first quarter results are some of the best we’ve reported.”

Overview of Consolidated First Quarter Results

Editó: @_fonta   www.zonadeazar.com