Tag Archives: Alberto Fornaro

IGT reduces credit facility arrangement

New York-listed gambling technology group International Game Technology Plc (IGT) has amended and extended the terms of its multicurrency revolving credit loan facility. The group said it has extended the ‘maturity date’ of its corporate credit facility from 26 July, 2021 to 31 July, 2024. IGT’s multicurrency credit loan facility was originally sanctioned in July 2017. Moving to lower its ‘aggregate …

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Robust quarter sees IGT adjust 2018 earnings forecast

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 …

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IGT appoints Christopher Spears as new Group General Counsel

Issuing a market update, New York-listed gambling technology supplier IGT Group Plc has confirmed the appointment of Christopher Spears as new corporate General Counsel and Vice President.  Joining IGT’s executive leadership team, Spears will act as group ‘legal lead’ overseeing all counsel matters and advising corporate governance on legal strategies and regulatory stakeholder management. Spears is set to replace Neil Abrams, …

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Currency impacts effect ‘debt focused’ IGT Group’s Q2 2017 performance

Presenting its Q2 2017 trading update (period ending 30 June), New York-listed international lottery and gambling systems provider IGT Group Plc, has detailed that currency impacts have affected group wide metrics. Updating the market, IGT would declare period group ‘consolidated’ revenues of $1.2 billion down 5% on corresponding Q2 2016’s $1.285 billion.   The company detailed that the decline was …

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IGT secures new $1.5 billion loan agreement towards debt commitments

New York-listed industry lottery and gambling systems provider IGT Group Plc (IGT) has this afternoon announced that it has secured a new $1.5 billion loan agreement which is set to mature from 2023. Updating the market and stakeholders, IGT governance informs that it will use the proceeds from the $1.5 billion loan to repay the ‘€800 million term loans maturing …

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North America uplift sees IGT post ‘solid opening’ to 2016

Presenting its Q1 2016 (period ending 31 March) corporate performance, IGT Plc governance stated its was pleased with its ‘solid opening performance’ as the New York-listed firm saw growth throughout its top line metrics. Reporting group revenues of $1.28 billion up 51% on Q1 2015’s $848 million, IGT detailed growth in its core region of North America. IGT would record …

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IGT notes ‘resilient profitability’ as company posts 21% Q3 earnings increase

IGT Plc governance stated that it was pleased with corporate performance, as it reported $414 million (£270 million) adjusted EBITDA earnings for its Q3 2015 results (period ending 30 September). The earnings results represent a 21% increase on Q3 2014’s $342 million EBITDA. IGT’s performance was driven by a 30% increase in revenues to $1,25 billion for the period (Q3 …

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IGT Q2 earnings hit by $122 million debt costs

Reporting for the first time as a single entity, IGT Plc the merged gambling and lottery technology operator of GTECH and International Game Technology (IGT) (merger date 7 April 2015), presented results for Q2 2015 trading. Due to its merger, IGT Plc governance noted that a number of items affect the comparability of its reported results for Q2 2014. In …

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GTECH clears all preconditions for IGT 7th April merger

GTECH SpA governance has announced that the company has cleared all preconditions for its merger with International Game Technology (IGT). GTECH will now be able to complete its merger with IGT operations, following its $6.4 billion acquisition which was first announced in July 2014. The merger of the two gambling technology companies is set to become effective on Tuesday 7 …

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GTECH to de-list from Milan exchange on 2 April

GTECH SpA governance has announced that its shares are to be de-listed on from the Milan bourse on 2 April, following its expected completion of US International Game Technology on 7 April. GTECH will form a new company under the name IGT, as the new merged gambling technology operator expects to float on the New York Stock Exchange. The announcement …

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