The focus of International Game Technology’s (IGT) Q2 earnings announcement was definitely about cost savings, as the pandemic has sucked up most of the new demand their products could satisfy. With revenues cut in half, they pretty much have to be.

IGT CEO Marco Sala admitted that results aren’t great, but they are better than expected. “Our second-quarter results reflect the intense impact of global lockdowns caused by the pandemic,” Sala said. “Thanks to strong North America Lottery performance and our swift adoption of cost-saving and avoidance measures, we delivered better cash flow than we expected back in May.”

Overall, revenues were down 48% for the quarter, down to $637 million from $1.24 billion the year prior. Gaming equipment and interactive gaming sales fell 65%, while revenues from slots and other gaming equipment was down 57%.

The North American lottery performance Sala hailed as a savior was down by only 12%, but international lottery took a bigger hit at 56%.