BUSINESS

OpenBet signs Canada supply contract; IGT thanks international revenues

TAGs: international game technology, openbet

OpenbetSoftware supplier OpenBet has signed its third supply contract in Canada. The firm will supply the country’s Atlantic Lottery Corporation with a sportsbetting platform that will allow it to offer ProLine wagers to their customers. The lottery corporation operates lottery and sports betting across Nova Scotia, Prince Edward Island, New Brunswick and Newfoundland and Labrador.

“This launch is further proof of the strength of OpenBet’s technology offering and our expertise in working with major government-backed organisations across the gaming world,” said David Loveday, Chief Executive Officer for OpenBet. “We are proud to be the sportsbetting technology provider of choice for the Atlantic Lottery Corporation and we look forward to working closely with it in order to provide a dynamic online gaming and betting experience to its customers.”

The deal will also give players access to “an extensive range of statistical content, feeds and forums.”

International Game Technology saw international revenues up during the first quarter of the fiscal year. In results that were released today, total revenues decreased 1% to $446million but it was the firm’s international performance that spared the blushes. International revenues increased 24% to $123million whilst operating income also decreased 17% to $100m.

“Our first quarter results – generating $100 million of operating income and over $160 million of Adjusted EBITDA – demonstrate the diversity we have built into our global business model and into our profitability. Our international business and gaming operations business continue to show strength and our cost controls remain tight,” said Patti Hart, CEO of IGT. “We anticipate revenues and profit margins strengthening throughout the year and we remain on track to meet our fiscal year 2012 operating goals.”

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