IGT Q2 Revenue Hits $1.04 Billion

by Ionut
Published 13/08/2021

International Game Technology (IGT)’s Q2 revenue grew 73.5% to $1.04 billion. Now, the online game provider is upping its revenue and operating profit guidance for 2021. Meanwhile, Scientific Games has acquired Lightning Box.

IGT’s global lottery business made up most of its revenue, growing 58.1% to $725 million. 

In that same period, their global gaming segment grew up 125.9% to $316 million. Of this, $108 million came from terminal services and $91 million from system and software services, for total gaming services revenue of $199 million. Gaming sales came to $117 million, up 108.9%. 

This means that IGT’s total services revenue was $901 million, up 72.6%, and its total product sales revenue was up 79.5% to $140 million.

IGT chief executive Marco Sala released a statement saying, “Impressive second-quarter results highlight the vitality of our portfolio. Outstanding Lottery performance, the progressive recovery in land-based Gaming, and strong increase in Digital & Betting activities drove substantial revenue and profit growth, delivering Adjusted EBITDA that is among the highest recorded in a quarterly period. On the strength of the first half performance, we are raising our outlook for the year and now expect to exceed 2019 levels for key financial metrics this year.” 

Scientific Games acquires Lightning Box

Online game provider Scientific Games has recently acquired Australia-based content studio Lightning Box. 

Lightning Box currently works with operators across Europe, the US and Canada, counting the likes of BetMGM, Rush Street (parent company of BetRivers and SugarHouse), Golden Nugget, FanDuel, BCLC, Loto Quebec, Unibet, 888, Sky Bet, LeoVegas, William Hill and Betsson among its clients.

Dylan Slaney, Scientific Games’ senior vice president of gaming for digital released a statement stating, “Lightning Box games are hugely popular with slots players around the world, and we’re excited to welcome these talented game designers to our team. Our strategy is a simple one:  talented, passionate people make great games and the addition of the Lightning Box team is another example of this and how we will continue to be the igaming industry leader.”

Peter Causley, Lightning Box co-founder and chief executive added, “Joining the Scientific Games team and working even more closely with them comes at the perfect time to drive forward our ambitious product innovation plans. Having been an OpenGaming partner since its early days, we knew that Scientific Games had the capabilities to propel our games to new heights. We’re now in a better position than ever to bring our robust pipeline of high-quality slots more effortlessly to our global online casino partners.”

As Scientific Games looks to expand on and focus solely on iGaming, this means PA players can expect to see much more exciting content coming their way in the near future.