Italian lottery and gaming giant has reported revenues for 2009 increased to €2.17 billion assisted by €71.7 million from interactive subsidiary.
Thursday 11th March 2010
Italian lottery and gaming operator Gruppo Lottomatica has released its financial results for 2009 showing a 5.7 percent year-on-year increase in revenues to €2.17 billion helped by the strong performance of its domestic operations and GTECH G2.
The Rome-based giant owns leading American gaming technology and services firm GTECH Corporation and revealed that the subsidiary saw a 9.8 percent year-on-year decrease in revenues despite winning six long-term lottery contracts including deals with the New York Lottery and Spain’s ONCE.
The GTECH G2 interactive subsidiary contributed €71.1 million in revenues for 2009 versus €48.4 million 2008 with Lottomatica stating that the rise was principally due to a full year of earnings from Boss Media and St Minver.
Lottomatica reported that total revenues from its Italian operations rose 15 percent year-on-year to €1.17 billion for 2009 with lottery revenues for operations in the nation dropping to €695.9 million from €705.2 million in 2008 while Lotto and instant-ticket wagers remaining steady at €15 billion.
The Rome-based firm stated that its instant-ticket performance in Italy increased in 2009 with wagers of approximately €9.4 billion compared to €9.2 billion in 2008. It revealed that this increase was principally driven by the continued success of existing five and ten-Euro tickets and the introduction of a new €20 ticket in October.
It announced selling approximately 2.4 billion Scratch And Win tickets last year with an average price of €3.9 versus €3.6 in 2008.
“Lottomatica produced good results off of a solid operating performance,” said Marco Sala, Chief Executive Officer for Lottomatica.
“We met or exceeded our guidance in all categories while having navigated through dynamic changes in the gaming industry and a worldwide recession. We have put in place a capital structure to support growth and we have established an excellent base in all market segments and geographies to pursue opportunities. That gives us confidence in the sustainability of our results going forward.”
