Italian Lottery Showing Positive

Italian lottery and gaming operator Gruppo Lottomatica has released its financial results for the first quarter of 2009 showing growth.

The gaming operator Gruppo Lottomatica reported that its net income for the three-month period ending on March 31 grew by 69 percent over the same period in 2008.

Lorenzo Pellicioli, Chairman for Lottomatica said: “Overall, Gruppo Lottomatica had an excellent quarter, demonstrating the company’s resiliency during extremely difficult economic conditions,”,  “Driving these positive results were key investments and acquisitions made as part of a strategy to broaden our product portfolio and the geographies we serve.”

Italian lottery and gaming operator reported that its operating income for the quarter stood at €155.2 million, a 13 percent increase over 2008’s .

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