IGT Posts $250m Loss As Coronavirus Affects All Business Segments

  • IGT reports first-quarter loss of $248m as coronavirus closures affect every business segment
  • Brazil instant lotteries still expected to launch in the fourth quarter, IGT CEO says
  • Higher taxes in Italy are having a significant impact on wagering, according to executives

International Game Technology (IGT) has posted a net loss of almost $250m for the first quarter as the coronavirus outbreak forced the closure of casinos and gaming halls, lowered lottery sales, and reduced shipments of slot machines and other products.

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