GTECH Financial Report Sends Mixed Signals

May 12, 2014 by

The financial reports that online casino software companies put out usually tell you a lot about how they are doing and which direction they are taking the casinos that use their software. In the case of the recent GTECH financial report, there are some definite mixed signals being sent. The report in question was for the first quarter of 2014, and while their revenues were impressive, there’s more to the story than the past three months.

Details of the GTECH Financial Report

In the first quarter of 2014, GTECH was able to take in an impressive $1.1 billion or €781.3 million worth of revenue. This sounds like a lot except when you consider that they pulled €797.5 million in the first quarter of 2013. This represents a small drop of about two percent of total revenues. This might worry some software and game providers, but GTECH is pretty sure they know exactly why there was a small drop.

According to their explanations, they have a lot of land-based game terminals in Canada that did not perform up to their normal standards. On top of that, they feel like they were unlucky with the timing of the fluctuations of currency values. Whether or not that’s the case we’ll have to wait to see. If you’re interested in the differences between their revenues and earnings, then you may be interested to know that their total earnings from those revenues were down about 1.3 percent with a drop from €300 million to €296 million.

GTECH’s Online Presence

GTECH is known for powering some fairly popular online casinos. The Casino Club is one of their iconic rooms that has a great reputation for offering a solid experience for players, a lot of this is due to the fact that they have both online and land-based offerings, so they’re able to use that experience to give players a better time at the games. If you’re interested in playing with the Casino Club, we are currently offering a 100 percent match bonus at this room worth a maximum of €1,000.

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