Flynn ready to step in over Faso

first_imgCategories: Letters to the Editor, Opinion Much has been made about the Democratic drive to unseat Rep. John Faso in the 19th Congressional District. There are seven players vying to be on the ballot in November. That’s a wealth of possibility. But how effective and electable would each one of them be? When you look for proposals to repair the damage done by Faso and his fellows, there is only one candidate who stands out: Brian Flynn. Instead of sound bites, Flynn goes into detail, point by point, not only about what needs to be changed in Washington, but how he suggests we go about doing so.Flynn doesn’t shy away from tough questions. Asked why his company outsourced jobs when he talks about bringing jobs to New York, Flynn’s answer was unambiguous: Railway infrastructure near his manufacturing plant was nonexistent and getting products to market was difficult. Outsourcing the transportation aspect of his company meant he could bring 150 more manufacturing jobs to the area. That’s an honest business assessment — and a good solution.Brian Flynn is a third-generation Greene County local. He’s no carpetbagger. Family and business are both here. What’s at stake in the 19th District affects him as much as it does us.For two years, we’ve had a politician in Washington who only answers to his Republican masters rather than advocating for constituents. It’s time we had a champion in Washington – and Brian Flynn is ready and able to step into the fray for us.JOELLYN KOPECKYWarnervilleMore from The Daily Gazette:EDITORIAL: Beware of voter intimidationEDITORIAL: Thruway tax unfair to working motoristsGov. Andrew Cuomo’s press conference for Sunday, Oct. 18Cuomo calls for clarity on administering vaccineFoss: Should main downtown branch of the Schenectady County Public Library reopen?last_img read more

Robust quarter sees IGT adjust 2018 earnings forecast

first_img Related Articles StumbleUpon New York-listed gambling technology and lottery systems provider International Game Technology PLC (IGT) has revised its full-year 2018 earnings expectations, publishing a better than anticipated Q3 2018 trading update (period ending 30 September).Updating the market, IGT governance details solid lottery performance, combined with improved gaming KPIs which have helped the company deliver a 3% increase in adjusted EBITDA to $443 million (Q3 2017: $428m).  The technology group delivers a robust EBITDA performance despite recording a 5% decline in period corporate revenues to $1.15 billion (Q3 2017: $1.22bn) due to negative impacts on ‘ASC – revenue from contracts’ and client product adjustments.Closing its Q3 2018 trading, IGT declares a group operating profit of $200 million, reversing corresponding 2017 losses of $550 million, a period which saw the company write-down a North America Interactive gaming unit.“Global Lottery same-store revenues for instants and draw games rose mid-single digits. The installed base of gaming machines was up, and unit shipments of gaming machines increased 10%. And, we enjoyed particularly strong sales and profit growth in Italy, confirming the vitality of that important market. We are firmly on track to achieve our 2018 financial and operational goals.” Marco Sala, CEO of IGT.Posting a solid Q3 trading performance, IGT governance narrows its full-year 2018 EBITDA outlook to $1,740 – $1,780 billion range, in-line with the firm’s top half of corporate guidance.“We’ve delivered Adjusted EBITDA growth of 4% and 7% for the third quarter and year-to-date periods at constant currency and scope,” said Alberto Fornaro, CFO of IGT. “As a result, we are narrowing our Adjusted EBITDA outlook for 2018 to $1,740 – $1,780 million, the top half of the prior range.” Submit Brazil to issue initial plans on Caixa Loterias sale August 17, 2020 Share IGT ‘prudent on recovery’ as company absorbs H1 losses of $291m August 4, 2020 Share Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020last_img read more