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4-Traders Homepage  >  Equities  >  Nyse  >  International Game Technology PLC    IGT   GB00BVG7F061

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International Game Technology PLC : Reports Third Quarter 2017 Results

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11/14/2017 | 12:47pm CET

LONDON, Nov. 14, 2017 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the third quarter and nine months ended September 30, 2017. Today, at 8:00 a.m. EST, management will host a conference call and webcast to present the third quarter results; access details are provided below.

"Our strong third quarter performance reflects the scope and balance of our business," said Marco Sala, CEO of IGT. "Our largest global Lottery operations are growing steadily and acceptance of our newest gaming machines is expanding around the world. The significant increase in Gaming and Lottery product sales demonstrates clear interest in our systems and technology solutions. We expect our sustained investment in innovation, led by a customer-first, player-centric focus, to drive continued momentum in both Lottery and Gaming."

"Thanks to a favorable product sales mix and reduced operating expenses, Adjusted EBITDA improved from the prior-year period, after considering certain non-comparable items, such as the DoubleDown sale," said Alberto Fornaro, CFO of IGT. "Based on the year-to-date results and current exchange rates, we expect to achieve Adjusted EBITDA of $1,640-$1,680 million for the full-year period."

Summary of Consolidated Third Quarter 2017 Financial Results

                                              Quarter Ended    Change        Constant
                                              September 30,                  Currency
                                                                              Change


                                              2017        2016   (%)           (%)
                                              ----        ----   ---            ---

    (In $ millions, unless otherwise noted)

    Revenue                                  1,221       1,266           -4%             -6%

    Operating income (loss)                  (556)        164         -439%           -447%

    Net (loss) income per diluted share     (3.95)     (0.01)           NM

    Net debt                                 7,335       7,937           -8%

    Adjusted EBITDA                            428         430            0%             -3%

    Adjusted operating income                  258         286          -10%            -12%

    Adjusted net income per diluted share     0.40        0.45          -11%
    -------------------------------------     ----        ----           ---

Note: Adjusted EBITDA, adjusted operating income, and adjusted net income per diluted share are non-GAAP financial measures. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are provided at the end of this news release.

Comparability of Results

All figures presented in this news release are prepared under U.S. GAAP, unless noted otherwise. Adjusted figures exclude the impact of items such as purchase accounting, impairment charges, restructuring expense, foreign exchange, and certain one-time, primarily transaction-related items. Reconciliations to the most directly comparable U.S. GAAP measures are included in the tables in this news release. Constant currency changes for 2017 are calculated using the same foreign exchange rates as the corresponding 2016 period. Management uses non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, and to evaluate the Company's financial performance. Management believes these non-GAAP financial measures reflect the Company's ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of business trends. These constant currency changes and non-GAAP financial measures should however be viewed in addition to, and not as an alternative for, the Company's reported results prepared in accordance with U.S. GAAP.

Overview of Consolidated Third Quarter Results

Consolidated revenue was $1,221 million compared to $1,266 million in the third quarter of 2016. Revenue was down 6% in constant currency, primarily on the sale of Double Down Interactive LLC ("DoubleDown") and new Lotto concession amortization. Adjusted for these items, consolidated revenue was up 2% in constant currency, reflecting growth in global Lottery and Gaming revenue.

Global lottery same-store revenue, excluding Italy, grew a robust 6.8% in the third quarter, led by broad-based strength in North America. In Italy, late numbers activity was considerably lower than the elevated levels in the third quarter of 2016. Excluding late numbers, Italy lottery wagers increased 6% on exceptional growth for both 10eLotto and Scratch & Win.

Gaming service revenue declined 9%, primarily impacted by the DoubleDown sale; adjusted for DoubleDown, gaming service revenue increased 5%. The global installed base grew 3,275 units from the prior-year period, including expansion for both casino and VLT units. Global gaming product revenue increased 9% from the prior-year period on strong system and software sales. The Company shipped 6,406 gaming machines worldwide during the third quarter with higher average selling prices than the prior year.

Operating loss of $556 million is due to a non-cash, non-tax deductible impairment charge of $714 million to write down the carrying value of the Company's North America Gaming and Interactive reporting unit to fair value. The impairment charge reflects a delayed recovery for the North America Gaming and Interactive reporting unit. Going forward, revenue and profit levels for the North America Gaming and Interactive reporting unit are expected to grow as new games and cabinets come to market. The impairment charge has no impact on the Company's operations, cash flow, ability to service debt, compliance with financial covenants, or underlying liquidity.

Adjusted operating income was $258 million compared to $286 million in the prior-year period. Adjusted EBITDA was $428 million compared to $430 million in the third quarter of 2016, as higher product sales and lower operating expenses essentially compensated for the DoubleDown sale and the timing of incentive contributions from the New Jersey Lottery.

Interest expense was $114 million compared to $118 million in the prior-year period.

Net loss attributable to IGT was $804 million in the third quarter of 2017, reflecting the previously mentioned impairment charge and $118 million of net foreign exchange loss. On an adjusted basis, net income attributable to IGT was to $81 million. The Company reported a net loss per diluted share of $(3.95) and earned $0.40 per diluted share on an adjusted basis.

Cash from operations was $601 million in the first nine months of the year and capital expenditures were $552 million.

Cash and cash equivalents were $300 million as of September 30, 2017, compared to $294 million as of December 31, 2016. Net debt was $7,335 million as of September 30, 2017, compared to $7,569 million as of December 31, 2016.

Operating Segment Review

North America Gaming & Interactive
Revenue for North America Gaming & Interactive was $262 million compared to $317 million in the third quarter of 2016. Comparability is affected by the DoubleDown sale; adjusted for DoubleDown, revenue for North America Gaming & Interactive rose 4% in the third quarter.

Service revenue was $171 million compared to $241 million in the prior-year period, the decline is primarily attributed to DoubleDown and a year-over-year decrease in the installed base.

Product sales revenue increased 20% to $91 million, driven by large software and system sales. The segment shipped 3,597 gaming machine units in the quarter compared to 5,238 units in the prior-year period, when there was significant new and expansion and VLT replacement activity. Average selling price per unit was higher, supported by demand for new cabinets.

Operating income for North America Gaming & Interactive was $65 million compared to $68 million in the third quarter of 2016. The decline is entirely attributable to the DoubleDown sale, which was largely offset by a high-margin product sales mix and lower operating expenses.

North America Lottery
North America Lottery revenue of $307 million was in line with the prior-year period, which included a significant incentive contribution from the New Jersey Lottery; the 2017 New Jersey incentive was mostly recognized in the second quarter of 2017. Adjusting for the timing of the New Jersey contribution, revenue increased 9% from the prior year.

Lottery same-store revenue rose 9.4% on top of 6.3% growth in the prior year, supported by broad-based strength in draw-based games, instant tickets, and multi-state jackpots. Product sales were significantly above the prior year.

Operating income for North America Lottery was $75 million compared to $85 million in the third quarter of 2016. Adjusted for the timing of the New Jersey Lottery incentive, operating income was up double-digits on the high profit flow-through of strong same-store revenue growth.

International
International revenue increased 9% to $234 million, and was up 8% on a constant currency basis.

Lottery service revenue of $70 million was essentially in line with the prior year, as a 1.4% decline in same-store revenue was offset by a higher effective rate in the period.

Gaming service revenue increased 36% to $59 million, reflecting the benefit of discrete, non-recurring items and significant expansion in the installed base.

Product sales revenue rose 5% to $87 million, supported by Gaming system and Lottery software sales. Gaming terminal sales were below the prior year, as the segment shipped a total of 2,809 gaming machine units during the third quarter of 2017 compared to 3,742 units in the prior-year period.

International operating income of $40 million increased 7% at constant currency, reflecting higher revenue and disciplined cost management that was partially offset by product mix.

Italy
Italy revenue was $418 million compared to $426 million in the third quarter of 2016. The decline in revenue is entirely attributable to amortization associated with the new Lotto concession and significantly lower late numbers activity.

Total Lotto wagers in the quarter were EUR1,815 million compared to EUR1,967 million in the prior-year period. Excluding late numbers, Lotto wagers increased 7% over the prior- year period reflecting strong growth in 10eLotto. Instant-ticket wagers grew 5% reaching EUR2,198 million on the strong acceptance of new games.

Machine gaming service revenue was down in constant currency on higher gaming machine taxes that were partially offset by improved VLT performance. Sports betting revenue rose on strong wager growth.

Italy operating income was $126 million compared to $147 million in the third quarter of 2016. The decrease was entirely attributable to the new Lotto amortization, as strong underlying performance offset higher gaming machine taxes and lower late number wagers.

Other Developments

The Company's board of directors declared a quarterly cash dividend of $0.20 per ordinary share. The dividend is payable on December 12, 2017 to holders of record as of the close of business on November 28, 2017.

Outlook

Based on the year-to-date results and current exchange rates, the Company expects to achieve adjusted EBITDA of $1,640-$1,680 million for the full-year period. Net debt is expected to remain essentially in line with the third quarter level.

Conference Call and Webcast

Today, at 8:00 a.m. EST, management will host a conference call to present the third quarter 2017 results. Listeners may access a live webcast of the conference call along with accompanying slides under "News, Events & Presentations" on IGT's Investor Relations website at www.IGT.com. A replay of the webcast will be available on the website following the live event. To listen by telephone, the US/Canada toll-free dial-in number is +1 844 842 7999 and the dial-in number for participants outside the US/Canada is +1 612 979 9887. The conference ID/confirmation code is 2259942. A telephone replay of the call will be available for one week at +1 855 859 2056 for the US/Canada or +1 404 537 3406 outside the US/Canada using the conference ID/confirmation code 2259942.

About IGT
IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.IGT.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall", "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2016 and other documents filed from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company's business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in its entirety by this cautionary statement.

Contact:
Robert K. Vincent, Corporate Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
James Hurley, Investor Relations, +1 (401) 392-7190
Simone Cantagallo, +39 06 51899030; for Italian media inquiries

                  International Game Technology PLC

           Condensed Consolidated Statements of Operations

          ($ and shares in thousands, except per share data)

                              Unaudited


                                            For the three months ended
                                           --------------------------

                                               September 30,
                                               -------------

                                                  2017                       2016
                                                  ----                       ----


    Service revenue                          1,013,054                  1,088,842

    Product sales                              208,147                    176,808

    Total revenue                            1,221,201                  1,265,650


    Cost of services                           625,247                    625,235

    Cost of product sales                      150,358                    136,702

    Selling, general and
     administrative                            196,862                    242,510

    Research and development                    79,009                     87,354

    Restructuring expense                        9,976                      5,658

    Impairment loss                            715,220                      4,230

    Transaction expense, net                       627                        129

    Total operating expenses                 1,777,299                  1,101,818


    Operating (loss) income                  (556,098)                   163,832


    Interest income                              2,906                      3,240

    Other (expense) income, net                (9,802)                     2,907

    Foreign exchange loss, net               (117,526)                  (21,143)

    Interest expense                         (113,711)                 (117,618)

    Total non-operating
     expenses                                (238,133)                 (132,614)


    (Loss) income before
     (benefit from) provision
     for income taxes                        (794,231)                    31,218


    (Benefit from) provision
     for income taxes                         (19,824)                    12,812


    Net (loss) income                        (774,407)                    18,406


    Less: Net income
     attributable to non-
     controlling interests                      29,207                     20,309


    Net loss attributable to
     IGT PLC                                 (803,614)                   (1,903)
                                              ========                     ======



    Net loss attributable to
     IGT PLC per common share -
     basic                                      (3.95)                    (0.01)

    Net loss attributable to
     IGT PLC per common share -
     diluted                                    (3.95)                    (0.01)


    Weighted-average shares -
     basic                                     203,489                    202,029

    Weighted-average shares -
     diluted                                   203,489                    202,029

                   International Game Technology PLC

            Condensed Consolidated Statements of Operations

          ($ and shares in thousands, except per share data)

                               Unaudited


                                            For the nine months ended
                                           -------------------------

                                                September 30,
                                               -------------

                                                   2017                     2016
                                                   ----                     ----


    Service revenue                           3,063,477                3,313,917

    Product sales                               529,812                  518,763

    Total revenue                             3,593,289                3,832,680


    Cost of services                          1,866,281                1,911,830

    Cost of product sales                       403,056                  403,118

    Selling, general and
     administrative                             607,571                  709,277

    Research and development                    242,142                  256,349

    Restructuring expense                        30,706                   21,514

    Impairment loss                             715,220                    6,582

    Transaction (income)
     expense, net                              (26,682)                   1,560

    Total operating expenses                  3,838,294                3,310,230


    Operating (loss) income                   (245,005)                 522,450


    Interest income                               7,992                   10,287

    Other expense, net                         (33,247)                 (4,994)

    Foreign exchange loss, net                (384,749)                (94,547)

    Interest expense                          (344,494)               (353,748)

    Total non-operating expenses              (754,498)               (443,002)


    (Loss) income before
     provision for income taxes               (999,503)                  79,448


    Provision for income taxes                   53,932                   64,593


    Net (loss) income                       (1,053,435)                  14,855


    Less: Net income
     attributable to non-
     controlling interests                       94,870                   36,836


    Net loss attributable to IGT
     PLC                                    (1,148,305)                (21,981)
                                             ==========                  =======



    Net loss attributable to IGT
     PLC per common share -
     basic                                       (5.66)                  (0.11)

    Net loss attributable to IGT
     PLC per common share -
     diluted                                     (5.66)                  (0.11)


    Weighted-average shares -
     basic                                      203,002                  201,238

    Weighted-average shares -
     diluted                                    203,002                  201,238

                                                  International Game Technology PLC

                                                Condensed Consolidated Balance Sheets

                                                            ($ thousands)

                                                              Unaudited


                                                         September 30,                December 31,

                                                                             2017                        2016
                                                                             ----                        ----

    Assets

    Current assets:

    Cash and cash
     equivalents                                                          300,079                     294,094

    Restricted cash and
     investments                                                          236,731                     247,222

    Trade and other
     receivables, net                                                     948,993                     947,237

    Inventories                                                           370,911                     347,494

    Other current assets                                                  400,991                     424,727

    Income taxes
     receivable                                                            26,919                      28,792

      Total current assets                                              2,284,624                   2,289,566


    Systems, equipment and
     other assets related
     to contracts, net                                                  1,405,335                   1,199,674

    Property, plant and
     equipment, net                                                       197,633                     357,841

    Goodwill, net                                                       5,715,885                   6,810,012

    Intangible assets, net                                              2,325,960                   2,874,031

    Other non-current
     assets                                                             1,485,199                   1,497,662

    Deferred income taxes                                                  32,303                      31,376

      Total non-current
       assets                                                          11,162,315                  12,770,596


    Total assets                                                       13,446,939                  15,060,162
                                                                       ==========                  ==========


    Liabilities, redeemable non-controlling interests, and
     shareholders' equity

    Current liabilities:

    Accounts payable                                                    1,150,748                   1,216,079

    Other current
     liabilities                                                          814,161                   1,097,045

    Current portion of
     long-term debt                                                       588,342                          77

    Income taxes payable                                                  165,072                      28,590

      Total current
       liabilities                                                      2,718,323                   2,341,791


    Long-term debt, less
     current portion                                                    7,046,678                   7,863,085

    Deferred income taxes                                                 602,015                     761,924

    Other non-current
     liabilities                                                          434,174                     444,556

      Total non-current
       liabilities                                                      8,082,867                   9,069,565


    Total liabilities                                                  10,801,190                  11,411,356


    Commitments and
     contingencies                                                              -                          -


    Redeemable non-
     controlling interests
     and shareholders'
     equity                                                             2,645,749                   3,648,806


    Total liabilities,
     redeemable non-
     controlling
     interests, and
     shareholders' equity                                              13,446,939                  15,060,162
                                                                       ==========                  ==========

                                   International Game Technology PLC

                            Condensed Consolidated Statements of Cash Flows

                                             ($ thousands)

                                               Unaudited


                                               For the nine months ended
                                               -------------------------

                                                     September 30,
                                                     -------------

                                                                      2017        2016
                                                                      ----        ----

    Operating activities

    Net (loss) income                                          (1,053,435)     14,855

    Adjustments for:

    Impairment loss                                                715,220       6,582

    Foreign exchange loss,
     net                                                           384,749      94,547

    Amortization                                                   317,989     377,163

    Depreciation                                                   289,088     293,284

    Amortization of upfront
     payments to customers                                         155,318      85,160

    Loss on early
     extinguishment of debt                                         35,428           -

    Debt issuance cost
     amortization                                                   16,602      13,757

    Stock-based
     compensation expense                                            5,102      24,502

    Non-cash gain on sale
     of Double Down
     Interactive LLC                                              (51,348)          -

    Other, net                                                       8,428      16,603

    Cash flows before
     changes in operating
     assets and liabilities                                        823,141     926,453

    Changes in operating
     assets and
     liabilities, net of
     disposition:

    Trade and other
     receivables                                                    42,023      83,085

    Inventories                                                     16,526    (46,761)

    Accounts payable                                              (60,733)  (135,297)

    Other assets and
     liabilities                                                 (220,004)  (206,483)
                                                                  --------    --------

    Net cash flows provided
     by operating
     activities                                                    600,953     620,997
                                                                   -------     -------


    Investing activities

    Proceeds from sale of
     Double Down
     Interactive LLC, net
     of cash divested                                              823,788           -

    Proceeds from sale of
     assets                                                        168,201      55,713

    Upfront payments to
     customers                                                   (185,368)  (390,390)

    Capital expenditures                                         (552,169)  (371,497)

    Other                                                            2,779      15,196

    Net cash flows provided
     by (used in) investing
     activities                                                    257,231   (690,978)


    Financing activities

    Principal payments on
     long-term debt                                            (1,601,134)  (177,977)

    Dividends paid                                               (121,840)  (120,726)

    Return of capital -
     non-controlling
     interests                                                    (62,538)   (35,407)

    Dividends paid - non-
     controlling interests                                        (51,508)   (27,813)

    Payments in connection
     with the early
     extinguishment of debt                                       (38,832)          -

    Net payments of
     financial liabilities                                        (32,495)          -

    Debt issuance costs
     paid                                                         (16,350)   (10,736)

    Capital increase -
     non-controlling
     interests                                                     127,211     151,359

    Proceeds from long-
     term debt                                                     938,160           -

    Other                                                         (24,785)      2,225

    Net cash flows used in
     financing activities                                        (884,111)  (219,075)


    Net decrease in cash
     and cash equivalents                                         (25,927)  (289,056)

    Effect of exchange rate
     changes on cash                                                31,912      11,471

    Cash and cash
     equivalents at the
     beginning of the
     period                                                        294,094     627,484

    Cash and cash
     equivalents at the end
     of the period                                                 300,079     349,899
                                                                   =======     =======



    Supplemental Cash Flow
     Information:

    Interest paid                                                (397,555)  (408,864)

    Income taxes paid                                            (159,613)  (136,015)

                 International Game Technology PLC

                             Net Debt

                           ($ thousands)



                      September 30,                December 31,

                                          2017                       2016
                                          ----                       ----


    6.250%
     Senior
     Secured
     Notes due
     2022                            1,476,058                  1,472,150

    6.500%
     Senior
     Secured
     Notes due
     2025                            1,086,560                  1,085,537

    4.750%
     Senior
     Secured
     Notes due
     2023                              992,426                    884,917

    4.125%
     Senior
     Secured
     Notes due
     2020                              820,013                    730,465

    5.625%
     Senior
     Secured
     Notes due
     2020                              595,304                    593,954

    4.750%
     Senior
     Secured
     Notes due
     2020                              574,535                    509,050

    7.500%
     Senior
     Secured
     Notes due
     2019                              148,876                    521,894

    5.500%
     Senior
     Secured
     Notes due
     2020                              125,856                    126,294

    5.350%
     Senior
     Secured
     Notes due
     2023                               61,106                     61,187

    6.625%
     Senior
     Secured
     Notes due
     2018                                    -                   521,556

    Senior
     Secured
     Notes                           5,880,734                  6,507,004


    Term Loan
     Facilities
     due 2023                          935,198                          -

    Revolving
     Credit
     Facilities
     due 2021                          230,746                    516,529

    Term Loan
     Facilities
     due 2019                                -                   839,552

    Long-term
     debt, less
     current
     portion                         7,046,678                  7,863,085


    6.625%
     Senior
     Secured
     Notes due
     2018                              588,320                          -

    Other                                   22                         77

    Current
     portion of
     long-term
     debt                              588,342                         77


    Total debt                       7,635,020                  7,863,162


    Cash and
     cash
     equivalents                       300,079                    294,094


    Net debt                         7,334,941                  7,569,068
                                     =========                  =========

                                                                                        International Game Technology PLC

                                                                                  Condensed Consolidated Statement of Operations

                                                                                  Reconciliation of Non-GAAP Financial Measures

                                                                                ($ and shares in thousands, except per share data)



                                                             Adjustments
                                                             -----------

                                       Q3 2017                                                                                      Impairment/                Transaction              Q3 2017

                                         As               Purchase                                   Foreign                       Restructuring             and Refinancing              As

                                      Reported           Accounting                                 Exchange                          Expense                 Expense, net             Adjusted
                                      --------           ----------                                 --------                          -------                 ------------             --------


     Total revenue                             1,221,201                  (182)                                       -                                  -                        -             1,221,019


     Cost of services                            625,247               (36,918)                                       -                                  -                        -               588,329

     Cost of product sales                       150,358               (23,961)                                       -                                  -                        -               126,397

     Selling, general and
      administrative                             196,862               (27,180)                                       -                                  -                        -               169,682

     Research and development                     79,009                   (15)                                       -                                  -                        -                78,994

     Restructuring expense                         9,976                      -                                       -                            (9,976)                        -                     -

     Impairment loss                             715,220                      -                                       -                          (715,220)                        -                     -

     Transaction expense, net                        627                      -                                       -                                  -                    (627)                     -

     Total operating expenses                  1,777,299               (88,074)                                       -                          (725,196)                    (627)               963,402


     Operating (loss) income                   (556,098)                87,892                                        -                            725,196                       627                257,617


     Foreign exchange loss, net                (117,526)                     -                                 117,526                                   -                        -                     -

     Other expense, net                          (9,802)                  (84)                                       -                                  -                    9,703                  (183)

     Interest expense, net                     (110,805)                   610                                        -                                  -                        -             (110,195)

     Total non-operating expenses              (238,133)                   526                                  117,526                                   -                    9,703              (110,378)


     (Loss) income before (benefit
      from) provision for income
      taxes                                    (794,231)                88,418                                  117,526                             725,196                    10,330                147,239


     (Benefit from) provision for
      income taxes (a)                          (19,824)                30,834                                   26,056                               2,998                   (3,230)                36,834


     Net (loss) income                         (774,407)                57,584                                   91,470                             722,198                    13,560                110,405


     Less: Net income attributable to
      non-controlling interests                   29,207                     26                                        -                                  -                        -                29,233


     Net (loss) income attributable
      to IGT PLC                               (803,614)                57,558                                   91,470                             722,198                    13,560                 81,172
                                                ========                 ======                                   ======                             =======                    ======                 ======


     Net (loss) income per common
      share -diluted                              (3.95)                                                                                                                                            0.40

     Weighted-average shares -
      diluted (b)                                203,489                                                                                                                                          203,689


    (a) Benefit from income taxes
     was determined based on the
     statutory tax rate in effect in
     the respective jurisdiction
     where the adjustment
     originated.

    (b) Weighted-average shares -
     diluted, as adjusted, include
     shares that were excluded from
     the as reported computation,
     due to the net loss as
     reported.

                                                                                                International Game Technology PLC

                                                                                          Condensed Consolidated Statement of Operations

                                                                                          Reconciliation of Non-GAAP Financial Measures

                                                                                        ($ and shares in thousands, except per share data)



                                        Year to date                 Adjustments                                                Year to date
                                                                     -----------

                                      September 2017                                                                                          Impairment/                Transaction              September 2017

                                            As                    Purchase                                   Foreign                         Restructuring             and Refinancing                  As

                                         Reported                Accounting                                 Exchange                            Expense                 Expense, net                 Adjusted
                                         --------                ----------                                 --------                            -------                 ------------                 --------


     Total revenue                                     3,593,289                  (540)                                       -                                    -                         -                   3,592,749


     Cost of services                                  1,866,281              (117,658)                                       -                                    -                         -                   1,748,623

     Cost of product sales                               403,056               (77,261)                                       -                                    -                         -                     325,795

     Selling, general and
      administrative                                     607,571               (90,277)                                       -                                    -                         -                     517,294

     Research and development                            242,142                  (426)                                       -                                    -                         -                     241,716

     Restructuring expense                                30,706                      -                                       -                             (30,706)                         -                           -

     Impairment loss                                     715,220                      -                                       -                            (715,220)                         -                           -

     Transaction income, net                            (26,682)                     -                                       -                                    -                    26,682                            -

     Total operating expenses                          3,838,294              (285,622)                                       -                            (745,926)                    26,682                    2,833,428


     Operating (loss) income                           (245,005)               285,082                                        -                              745,926                   (26,682)                     759,321


     Foreign exchange loss, net                        (384,749)                     -                                 384,749                                     -                         -                           -

     Other (expense) income, net                        (33,247)                 1,567                                        -                                    -                    35,428                        3,748

     Interest expense, net                             (336,502)                 2,415                                        -                                    -                         -                   (334,087)

     Total non-operating expenses                      (754,498)                 3,982                                  384,749                                     -                    35,428                    (330,339)


     (Loss) income before provision
      for income taxes                                 (999,503)               289,064                                  384,749                               745,926                      8,746                      428,982


     Provision for income taxes (a)                       53,932                101,066                                   87,152                                 9,132                   (88,159)                     163,123


     Net (loss) income                               (1,053,435)               187,998                                  297,597                               736,794                     96,905                      265,859


     Less: Net income attributable to
      non-controlling interests                           94,870                     77                                        -                                    -                         -                      94,947


     Net (loss) income attributable
      to IGT PLC                                     (1,148,305)               187,921                                  297,597                               736,794                     96,905                      170,912
                                                      ==========                =======                                  =======                               =======                     ======                      =======


     Net (loss) income per common
      share -diluted                                      (5.66)                                                                                                                                                     0.84

     Weighted-average shares -
      diluted (b)                                        203,002                                                                                                                                                   203,303


    (a) Provision for income taxes
     was determined based on the
     statutory tax rate in effect in
     the respective jurisdiction
     where the adjustment
     originated.

    (b) Weighted-average shares -
     diluted, as adjusted, include
     shares that were excluded from
     the as reported computation,
     due to the net loss as
     reported.

                                                                                                                                          International Game Technology PLC

                                                                                                                                    Condensed Consolidated Statement of Operations

                                                                                                                                    Reconciliation of Non-GAAP Financial Measures

                                                                                                                                  ($ and shares in thousands, except per share data)



                                                                                                                 Adjustments
                                                                                                                 -----------

                                                                  Q3 2016                                                                                                             Impairment/            Transaction           Q3 2016

                                                                    As                                        Purchase                                      Foreign                  Restructuring            (Income)               As

                                                                 Reported                                    Accounting                                    Exchange                     Expense                Expense            Adjusted
                                                                 --------                                    ----------                                    --------                     -------                -------            --------


     Total revenue                                                        1,265,650                                             376                                           -                           -                   -             1,266,026


     Cost of services                                                       625,235                                        (46,222)                                          -                           -                   -               579,013

     Cost of sales                                                          136,702                                        (29,740)                                          -                           -                   -               106,962

     Selling, general and
      administrative                                                        242,510                                        (35,254)                                          -                           -                   -               207,256

     Research and development                                                87,354                                           (465)                                          -                           -                   -                86,889

     Restructuring expense                                                    5,658                                               -                                          -                     (5,658)                   -                     -

     Impairment loss                                                          4,230                                               -                                          -                     (4,230)                   -                     -

     Transaction expense, net                                                   129                                               -                                          -                           -               (129)                     -

     Total operating expenses                                             1,101,818                                       (111,681)                                          -                     (9,888)               (129)               980,120


     Operating income                                                       163,832                                         112,057                                           -                       9,888                  129                285,906


     Foreign exchange loss, net                                            (21,143)                                              -                                     21,143                            -                   -                     -

     Other income, net                                                        2,907                                           (211)                                          -                           -                   -                 2,696

     Interest expense, net                                                (114,378)                                          2,073                                           -                           -                   -             (112,305)

     Total non-operating expenses                                         (132,614)                                          1,862                                      21,143                            -                   -             (109,609)


     Income before provision for
      income taxes                                                           31,218                                         113,919                                      21,143                        9,888                  129                176,297


     Provision for income taxes (a)                                          12,812                                          40,437                                       9,857                        2,538                   40                 65,684


     Net income                                                              18,406                                          73,482                                      11,286                        7,350                   89                110,613


     Less: Net income attributable to
      non-controlling interests                                              20,309                                              26                                           -                           -                   -                20,335


     Net (loss) income attributable
      to IGT PLC                                                            (1,903)                                         73,456                                      11,286                        7,350                   89                 90,278
                                                                             ======                                          ======                                      ======                        =====                  ===                 ======


     Net (loss) income per common
      share -diluted                                                         (0.01)                                                                                                                                                            0.45

     Weighted-average shares -
      diluted                                                               202,029                                                                                                                                                          202,606



     (a) Provision for income taxes was determined based on the statutory tax rate in effect in the respective jurisdiction where the adjustment originated.

                                                                                                                                            International Game Technology PLC

                                                                                                                                     Condensed Consolidated Statement of Operations

                                                                                                                                      Reconciliation of Non-GAAP Financial Measures

                                                                                                                                   ($ and shares in thousands, except per share data)



                                                                 Year to date                                      Adjustments                                                  Year to date
                                                                                                                   -----------

                                                               September 2016                                                                                                                 Impairment/                                    September 2016

                                                                     As                                         Purchase                                     Foreign                         Restructuring            Transaction                  As

                                                                  Reported                                     Accounting                                   Exchange                            Expense                 Expense                 Adjusted
                                                                  --------                                     ----------                                   --------                            -------                 -------                 --------


     Total revenue                                                          3,832,680                                          1,332                                           -                                   -                     -                  3,834,012


     Cost of services                                                       1,911,830                                      (137,366)                                          -                                   -                     -                  1,774,464

     Cost of sales                                                            403,118                                       (89,091)                                          -                                   -                     -                    314,027

     Selling, general and
      administrative                                                          709,277                                      (104,857)                                          -                                   -                     -                    604,420

     Research and development                                                 256,349                                        (1,459)                                          -                                   -                     -                    254,890

     Restructuring expense                                                     21,514                                              -                                          -                            (21,514)                     -                          -

     Impairment loss                                                            6,582                                              -                                          -                             (6,582)                     -                          -

     Transaction expense, net                                                   1,560                                              -                                          -                                   -               (1,560)                          -

     Total operating expenses                                               3,310,230                                      (332,773)                                          -                            (28,096)               (1,560)                  2,947,801


     Operating income                                                         522,450                                        334,105                                           -                              28,096                  1,560                     886,211


     Foreign exchange loss, net                                              (94,547)                                             -                                     94,547                                    -                     -                          -

     Other expense, net                                                       (4,994)                                         3,881                                           -                                   -                     -                    (1,113)

     Interest expense, net                                                  (343,461)                                         6,147                                           -                                   -                     -                  (337,314)

     Total non-operating expenses                                           (443,002)                                        10,028                                      94,547                                    -                     -                  (338,427)


     Income before provision for
      income taxes                                                             79,448                                        344,133                                      94,547                               28,096                  1,560                     547,784


     Provision for income taxes (a)                                            64,593                                        122,338                                      23,431                                7,718                    302                     218,382


     Net income                                                                14,855                                        221,795                                      71,116                               20,378                  1,258                     329,402


     Less: Net income attributable to
      non-controlling interests                                                36,836                                             76                                           -                                   -                     -                     36,912


     Net (loss) income attributable
      to IGT PLC                                                             (21,981)                                       221,719                                      71,116                               20,378                  1,258                     292,490
                                                                              =======                                        =======                                      ======                               ======                  =====                     =======


     Net (loss) income per common
      share -diluted                                                           (0.11)                                                                                                                                                                          1.45

     Weighted-average shares -
      diluted                                                                 201,238                                                                                                                                                                        201,901



     (a) Provision for income taxes was determined based on the statutory tax rate in effect in the respective jurisdiction where the adjustment originated.

                                International Game Technology PLC

                               Adjusted EBITDA and Free Cash Flow

                         Reconciliations of Non-GAAP Financial Measures

                                          ($ thousands)



                                       For the three months ended
                                       --------------------------

                                              September 30,
                                              -------------

                                                               2017           2016
                                                               ----           ----


    Net (loss) income                                     (774,407)        18,406

    (Benefit from)
     provision for
     income taxes                                          (19,824)        12,812

    Non-operating
     expenses                                               238,133        132,614

    Impairment loss                                         715,220          4,230

    Depreciation                                            103,182         94,403

    Amortization                                             99,562        124,089

    Amortization of
     upfront payments to
     customers                                               54,279         29,982

    Restructuring
     expense                                                  9,976          5,658

    Stock-based
     compensation
     expense                                                  1,829          7,468

    Transaction expense,
     net                                                        627            129

    Bad debt expense                                              4              -

    Non-cash purchase
     accounting
     (excluding D&A)                                          (126)            67

    Adjusted EBITDA                                         428,455        429,858
                                                            =======        =======




    Cash flows from
     operating
     activities                                              57,729         97,190

    Capital expenditures                                  (181,579)     (151,865)

    Free Cash Flow                                        (123,850)      (54,675)
                                                           ========        =======



                                        For the nine months ended
                                        -------------------------

                                              September 30,
                                              -------------

                                                               2017           2016
                                                               ----           ----


    Net (loss) income                                   (1,053,435)        14,855

    Provision for income
     taxes                                                   53,932         64,593

    Non-operating
     expenses                                               754,498        443,002

    Impairment loss                                         715,220          6,582

    Amortization                                            317,989        377,163

    Depreciation                                            289,088        293,284

    Amortization of
     upfront payments to
     customers                                              155,318         85,160

    Restructuring
     expense                                                 30,706         21,514

    Stock-based
     compensation
     expense                                                  5,102         24,502

    Non-cash purchase
     accounting
     (excluding D&A)                                          (513)           921

    Bad debt recovery                                      (17,858)             -

    Transaction (income)
     expense, net                                          (26,682)         1,560

    Adjusted EBITDA                                       1,223,365      1,333,136
                                                          =========      =========




    Cash flows from
     operating
     activities                                             600,953        620,997

    Capital expenditures                                  (552,169)     (371,497)

    Upfront payments to
     customers                                            (185,368)     (390,390)

    Free Cash Flow                                        (136,584)     (140,890)
                                                           ========       ========

    International Game Technology PLC Segment Performance

    Revenue Detail

    ($ millions)



                                                                                 INTERNATIONAL GAME TECHNOLOGY PLC                  Quarter Change
                                                                                 ---------------------------------                  --------------

                                                                                                                     2016      2017                  Percentage           Constant FX
                                                                                                                     ----      ----                  ----------           -----------

                                                                                                 Q3                         Q3                         Q3                   Q3
                                                                                                ---                        ---                         ---                  ---

    Gaming                                             Total Revenue         644                                       611                     -5.1%               -7.1%
    ------


                                                       Gaming Services       489                                       443                     -9.4%              -11.7%

                                                       Terminal              322                                       319                     -1.1%               -3.8%

                                                       Social (DDI)           66                                         0                   -100.0%             -100.0%

                                                       Other                 101                                       124                     23.1%               20.8%


                                                       Product Sales         155                                       168                      8.6%                7.4%

                                                       Terminal              108                                        98                     -9.7%              -10.7%

                                                       Other                  47                                        70                     50.8%               49.5%
                                                       -----                 ---                                       ---                      ----                 ----


    Lottery                                            Total Revenue         545                                       521                     -4.4%               -6.0%
    -------


                                                       Lottery Services      523                                       487                     -6.9%               -8.6%

                                                       FM/Concessions        436                                       448                      2.7%               -0.4%

                                                       LMA                    59                                        34                    -42.9%              -42.9%

                                                       Other Services         28                                         5                    -81.5%              -63.1%


                                                       Product Sales          22                                        34                     55.3%               55.9%

                                                       Terminal                2                                         1                    -63.2%              -63.2%

                                                       Systems/Other          20                                        34                     65.2%               65.8%
                                                       -------------         ---                                       ---                      ----                 ----


    Other                                              Total Revenue          77                                        89                     16.1%               10.7%
    -----


                                                       Service Revenue        77                                        84                      8.6%                3.2%

                                                       Product Sales         (0)                                        6                   NM          NM
                                                       -------------         ---                                       ---                  ---          ---


    Consolidated                                       Revenue             1,266                                     1,221                     -3.5%               -5.5%
    ------------



                                                       Operating Income:

                                                       Segment Total         338                                       305                     -9.6%              -11.3%

                                                       Purchase Accounting (112)                                    (802)                   615.6%              615.6%

                                                       Corporate Support    (62)                                     (59)                    -3.9%               -5.6%

                                                       Total                 164                                     (556)                  -439.4%             -442.2%





                                                                                 NORTH AMERICA GAMING & INTERACTIVE                 Quarter Change
                                                                                 ----------------------------------                 --------------

                                                                                                                     2016      2017                  Percentage           Constant FX
                                                                                                                     ----      ----                  ----------           -----------

                                                                                                 Q3                         Q3                         Q3                   Q3
                                                                                                ---                        ---                         ---

    Gaming                                             Total Revenue         317                                       262                    -17.5%              -17.7%
    ------


                                                       Gaming Services       241                                       171                    -29.1%              -29.2%

                                                       Terminal              133                                       123                     -8.0%               -8.2%

                                                       Social (DDI)           66                                         0                   -100.0%             -100.0%

                                                       Other                  42                                        48                     14.9%               14.8%


                                                       Product Sales          76                                        91                     19.7%               19.1%

                                                       Terminal               51                                        47                     -9.3%               -9.5%

                                                       Other                  24                                        44                     80.5%               79.2%
                                                       -----                 ---                                       ---                      ----                 ----


    Total                                              Revenue               317                                       262                    -17.5%              -17.7%
    -----


                                                       Operating Income       68                                        65                     -4.1%               -2.4%






                                                                                       NORTH AMERICA LOTTERY                        Quarter Change
                                                                                       ---------------------                        --------------

                                                                                                                     2016      2017                  Percentage           Constant FX
                                                                                                                     ----      ----                  ----------           -----------

                                                                                                 Q3                         Q3                         Q3                   Q3
                                                                                                ---                        ---                         ---

    Gaming                                             Total Revenue          37                                        48                     29.7%               28.9%
    ------


                                                       Gaming Services        37                                        40                      8.1%                7.3%

                                                       Terminal               25                                        25                      0.3%                0.3%

                                                       Social (DDI)            0                                         0                      0.0%                0.0%

                                                       Other                  12                                        14                     25.2%               22.5%


                                                       Product Sales           0                                         8                   NM          NM

                                                       Terminal                0                                         6                      0.0%                0.0%

                                                       Other                   0                                         2                   NM          NM
                                                       -----                 ---                                       ---                  ---          ---


    Lottery                                            Total Revenue         271                                       259                     -4.1%               -4.2%
    -------


                                                       Lottery Services      253                                       237                     -6.1%               -6.1%

                                                       FM/Concessions        163                                       171                      4.7%                4.7%

                                                       LMA                    59                                        34                    -42.9%              -42.9%

                                                       Other Services         31                                        33                      6.7%                6.7%


                                                       Product Sales          18                                        22                     24.1%               22.9%

                                                       Terminal                2                                         1                    -63.2%              -63.2%

                                                       Systems/Other          16                                        22                     33.2%               31.9%
                                                       -------------         ---                                       ---                      ----                 ----


    Total                                              Revenue               307                                       307                     -0.1%               -0.2%
    -----


                                                       Operating Income       85                                        75                    -11.6%              -11.6%






                                                                                           INTERNATIONAL                            Quarter Change
                                                                                           -------------                            --------------

                                                                                                                     2016      2017                  Percentage           Constant FX
                                                                                                                     ----      ----                  ----------           -----------

                                                                                                 Q3                         Q3                         Q3                   Q3
                                                                                                ---                        ---                         ---

    Gaming                                             Total Revenue         122                                       128                      4.8%                2.9%
    ------


                                                       Gaming Services        43                                        59                     36.3%               34.0%

                                                       Terminal               12                                        14                     10.9%               11.2%

                                                       Social (DDI)            0                                         0                      0.0%                0.0%

                                                       Other                  31                                        45                     46.6%               43.3%


                                                       Product Sales          79                                        69                    -12.4%              -14.2%

                                                       Terminal               57                                        45                    -19.9%              -21.8%

                                                       Other                  22                                        24                      6.8%                5.4%
                                                       -----                 ---                                       ---                       ---                  ---


    Lottery                                            Total Revenue          75                                        82                      8.9%               11.0%
    -------


                                                       Lottery Services       71                                        70                     -1.6%                0.1%

                                                       FM/Concessions         51                                        48                     -5.5%               -7.9%

                                                       LMA                     0                                         0                      0.0%                0.0%

                                                       Other Services         20                                        22                      8.3%               20.3%


                                                       Product Sales           4                                        12                    191.9%              200.1%

                                                       Terminal                0                                         0                      0.0%                0.0%

                                                       Systems/Other           4                                        12                    191.9%              200.1%
                                                       -------------         ---                                       ---                     -----                -----


    Other                                              Total Revenue          18                                        24                     31.9%               28.9%
    -----


                                                       Service Revenue        18                                        18                     -0.4%               -3.2%

                                                       Product Sales         (0)                                        6                   NM          NM
                                                       -------------         ---                                       ---                  ---          ---


    Total                                              Revenue               215                                       234                      8.5%                7.9%
    -----


                                                       Operating Income       38                                        40                      3.8%                7.0%






                                                                                               ITALY                                Quarter Change
                                                                                               -----                                --------------

                                                                                                                     2016      2017                  Percentage           Constant FX
                                                                                                                     ----      ----                  ----------           -----------

                                                                                                 Q3                         Q3                         Q3                   Q3
                                                                                                ---                        ---                         ---

    Gaming                                             Total Revenue         168                                       173                      3.1%               -2.6%
    ------


                                                       Gaming Services       168                                       173                      3.1%               -2.6%

                                                       Terminal              151                                       157                      3.8%               -1.9%

                                                       Social (DDI)            0                                         0                      0.0%                0.0%

                                                       Other                  16                                        16                     -3.7%               -9.0%


                                                       Product Sales           0                                         0                      5.7%                0.3%

                                                       Terminal                0                                         0                   -100.0%             -100.0%

                                                       Other                   0                                         0                      7.0%                1.5%
                                                       -----                 ---                                       ---                       ---                  ---


    Lottery                                            Total Revenue         199                                       180                     -9.9%              -14.8%
    -------


                                                       Lottery Services      199                                       180                     -9.9%              -14.8%

                                                       FM/Concessions        222                                       229                      3.2%               -2.5%

                                                       LMA                     0                                         0                      0.0%                0.0%

                                                       Other Services       (23)                                     (50)                   115.8%              103.9%


                                                       Product Sales           0                                         0                      0.0%                0.0%

                                                       Terminal                0                                         0                      0.0%                0.0%

                                                       Systems/Other           0                                         0                      0.0%                0.0%
                                                       -------------         ---                                       ---                       ---                  ---


    Other                                              Total Revenue          59                                        66                     11.3%                5.2%
    -----


                                                       Service Revenue        59                                        66                     11.3%                5.2%

                                                       Product Sales           0                                         0                      0.0%                0.0%
                                                       -------------         ---                                       ---                       ---                  ---


    Total                                              Revenue               426                                       418                     -1.8%               -7.2%
    -----


                                                       Operating Income      147                                       126                    -14.5%              -20.0%

    Consolidated Key
     Performance Indicators
     (KPIs)



                                   Third Quarter

    Period Ended September 30                    2017   2016 % change
    -------------------------                    ----   ---- --------


    Installed base (end of
     period)

       Casino                                  35,946 34,159            5.2%

       VLT - Government Sponsored
        (ex-Italy)                             16,794 15,594            7.7%

       VLT -Italy Supplier (B2B)                8,752  8,464            3.4%

       Total installed base                    61,492 58,217            5.6%

       Yield (average revenue per
        unit per day -$0.00)                    29.07  32.27           -9.9%


       Additional Italian Network
        Details:
       --------------------------

       VLT - Operator (B2C)                    10,958 10,930            0.3%

       AWP                                     59,084 58,069            1.7%


    Machine units shipped

       New/Expansion                              905  2,315          -60.9%

       Replacement                              5,501  6,665          -17.5%

       Total machines shipped                   6,406  8,980          -28.7%


    Global lottery same-store
     revenue growth

       Instants & draw games                                          4.2%

       Multistate Jackpots                                           24.3%

       Total lottery same-store
        revenue growth (ex-Italy)                                     6.8%

       Italy lottery revenue
        growth                                                      -14.9%





    North America KPIs

                                   Third Quarter

    Period Ended September 30                    2017   2016 % change
    -------------------------                    ----   ---- --------


    Installed base (end of
     period)

        Casino                                 22,924 24,163           -5.1%

        VLT -Government Sponsored              15,225 15,322           -0.6%
                                               ------ ------            ----

       Total installed base                    38,149 39,485           -3.4%


    Machine units shipped

       New/Expansion                              729  2,017          -63.9%

       Replacement                              2,868  3,221          -11.0%

       Total machines shipped                   3,597  5,238          -31.3%


    Lottery same-store revenue
     growth

       Instants & draw games                                          6.3%

       Multistate Jackpots                                           26.4%

       Total lottery same-store
        revenue growth                                                9.4%





    International KPIs

                                   Third Quarter

    Period Ended September 30                    2017   2016 % change
    -------------------------                    ----   ---- --------


    Installed base (end of
     period)

        Casino                                 13,022  9,996           30.3%

        VLT -Government Sponsored               1,569    272          476.8%
                                                -----    ---           -----

       Total installed base                    14,591 10,268           42.1%


    Machine units shipped

       New/Expansion                              176    298          -40.9%

       Replacement                              2,633  3,444          -23.5%

       Total machines shipped                   2,809  3,742          -24.9%


    Lottery same-store revenue
     growth

       Instants & draw games                                         -1.8%

       Multistate Jackpots                                            5.8%

       Total lottery same-store
        revenue growth                                               -1.4%





    Italy KPIs

                                   Third Quarter

    Period Ended September 30                    2017   2016 % change
    -------------------------                    ----   ---- --------

    (In EUR millions, except
     machines)

    Lottery

    Lotto wagers                                1,815  1,967           -7.7%

       10eLotto                                 1,261  1,094           15.3%

       Core                                       494    550          -10.1%

       Late Numbers                                60    324          -81.6%


    Scratch & Win Wagers                        2,198  2,091            5.1%


    Italy lottery revenue
     growth                                                         -14.9%


    Gaming

    Installed base (end of
     period)

       VLT - Operator (B2C)                    10,958 10,930            0.3%

       VLT - Supplier (B2B)                     8,752  8,464            3.4%

       AWP                                     59,084 58,069            1.7%

       Total Installed Base                    78,794 77,463            1.7%


    Wagers

       VLT - Operator (B2C)                     1,329  1,309            1.5%

       AWP                                        948    986           -3.9%

       Interactive Wagers (Gaming)                404    393            2.8%


    Other

       Sports Betting Wagers(1)                   204    178           14.6%

       Sports Betting Payout
        (%)(1)                                  83.3% 82.1%         1.1 pp


    (1)Includes Virtual Wagers
     and Pools & Horses

View original content with multimedia:http://www.prnewswire.com/news-releases/international-game-technology-plc-reports-third-quarter-2017-results-300555088.html

SOURCE International Game Technology PLC

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