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IGT Reports Social Gaming Boost

IGT Reports Social Gaming Boost

Leading slot manufacturer International Game Technology reported earnings of .7 million for the third quarter, which is a 40 percent increase over last year’s third quarter. The reason? Social gaming on IGT’s recently acquired DoubleDown Casino, according to company officials.

While revenues overall were up 8.7 percent for the quarter to $579 million, revenues directly related to the DoubleDown social casino, offered by Facebook and other online outlets, increased 105 percent to $61 million.

“Our momentum continues and is bolstered by our focused attention on the execution of our business strategy and positive leverage from the broad distribution of our best-in-class content.,” said IGT CEO Patti Hart.

 

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