International Game Technology (IGT), a prominent player in the gaming industry, has received recognition for its dedication to ecological responsibility from CDP, a non-governmental organization, earning a “B” grade. This assessment positions IGT higher than the industry standard and demonstrates progress from its 2021 evaluation.
A “B” score indicates that IGT is proactively managing its environmental effects and has established a robust framework for ecological stewardship. CDP’s assessment methodology encourages corporations to be open about their initiatives to diminish carbon output.
Wendy Montgomery, IGT’s Senior Vice President of Marketing, Communications, and Sustainability, highlighted the company’s commitment to sustainability, remarking, “IGT recognizes the vital significance of lessening our environmental impact and has taken substantial measures in bolstering our environmental management throughout the years.” She conveyed that this dedication extends to assisting their clientele in their sustainability endeavors as well. The CDP rating provides stakeholders with confidence that IGT remains devoted to sustainable practices as a catalyst for business expansion.
In separate developments, IGT announced robust financial performance for the third quarter of 2022, with earnings reaching $1.06 billion, signifying an 8% rise year-on-year. This expansion was driven by contributions from all business units, with the global gaming sector experiencing a particularly notable surge of 31% year-on-year, reaching $379 million.
The worldwide lottery sector experienced a minor contraction, decreasing by 4% to $626 million. Conversely, digital and wagering alternatives are flourishing, with this segment surging by 27% to attain $54 million.
This enterprise recorded a robust third quarter in 2022, generating $211 million in income and securing a 20% profit margin. Even more remarkably, their modified earnings before taxes, interest, and other expenses (EBITDA) reached $402 million. This is probably attributable to a blend of their dependable global lottery activities and the encouraging expansion they are witnessing in internet-based gaming.
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