IGT Announces Big Increases in Revenue Generated

A lot of internet betting firms are bringing out their financial results for the 2^nd quarter of 2013 in these days, and one interesting set of figures comes from International Game Technology (IGT).

The giant gaming company has revealed significant growth in several areas in the start to this year. Perhaps the most exciting figure is that of the $600 million raised in overall revenue in the first 3 months of the year. This is an increase of 11% from last year’s results and is a very impressive figure whichever way you look at it. The North American gaming market remains a big part of their overall success story, with a quarter of their revenue coming from there.   

A Healthy Dividend to be Paid

Shareholders in IGT will be getting paid a dividend of $0.36 per share thanks to the fine results, which is a 33% increase on last year’s dividend figure. The overall adjusting operating income is another area with a big increase. In this case, a 13% jump say a total of $164 million achieved.

Meanwhile, the gross margin showed a more modest rise, only increasing by 1% to 62%. A more interesting figure comes from the astonishing increase in interactive gaming revenue. This increased by a staggering 94%, to $66.7 million.

Another massive jump comes from the company’s social gaming generated income. This brought in a total of $54.3 million in the 1^st quarter of 2013, which is a 155% increase from what it generated in the final quarter of 2012.