Tag Archives: IGT Group

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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FanDuel seeks to become NJ leader with IGT sports betting systems

The newly formed FanDuel Group (Betfair US + FanDuel) has confirmed that it will utilise IGT Group systems as its lead sports betting technology provider for the regulated state of New Jersey. FanDuel Group, the strategic US subsidiary of FTSE100 betting firm Paddy Power Betfair (PPB) has chosen IGT as its lead sports betting platform supplier, servicing its New Jersey …

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IGT expands MGM Resorts betting contract servicing Atlantic City Borgata

MGM Resorts International’s New Jersey property the Borgata Hotel Casino & Spa will have its sports betting systems and terminals powered by industry technology provider IGT Group. Issuing a market update, New York-listed IGT Group confirms that it has secured the retail betting systems contract to service MGM Resorts Atlantic City property. Both parties have a prior relationship, with IGT …

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Raise the Bar… IGT backs All-in Diversity Project

New York-listed gambling technology supplier IGT Group becomes the latest industry incumbent to join the ‘All-in Diversity Project’ as a founding member and participant the diversity initiative’s inaugural year. The All-in Diversity Project is an industry-driven, not-for-profit initiative which aims to deliver a new benchmark combined with better practices and standards for diversity within the global betting and gaming sectors. Entering 2018, IGT …

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IGT appoints Kim Barker Lee as first ever ‘Corporate Diversity’ lead

New York-listed gambling technology and lottery systems supplier IGT Group has confirmed the promotion of Kim Barker Lee to the newly created role of Vice President of Corporate Diversity & Inclusion. IGT governance confirms that Barker Lee will be tasked with implementing the group’s first ever ‘global diversity strategy’, working alongside IGT leadership and HR functions. The executive appointment will …

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IGT write down of North America Interactive unit sees Q3 operating losses of $550m

Foreign exchange losses combined with a write-down impairment charge of $714 million has seen New York-listed gambling firm IGT Group Plc declare Q3 2017 net losses of $804 million. Publishing its Q3 2017 trading update (period ending 30 September), IGT disclosed a period group operating loss of $556 million, primarily attributed to its $714 million write-down charge of its ‘North …

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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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Isle of Man appoints Tony Ure as e-Gaming lead

Updating the market, the Isle of Man Government has confirmed the appointment of Tony Ure as its new Head of e-Gaming. A former IGT Group & GTech executive, Ure takes on the leadership of the Isle of Man’s digital gaming division, promoting the self-governing jurisdiction’s commercial and operational services for industry stakeholders. A seasoned gambling operations veteran, Ure has consulted …

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ALEA gains UK vision taking over LadyLucks mobile casino

European online gambling group ALEA has informed that it has acquired UK mobile casino brand LadyLucks.co.uk from IGT Group (undisclosed fee). Confirming its acquisition, Barcelona-based ALEA detailed that it will maintain the LadyLucks.co.uk brand, but has undertaken a migration of platform and revamped the asset’s website. LadyLucks.co.uk is a legacy mobile casino brand, first brought to market in 2004 by …

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IGT secures California Lottery lead systems extension

Updating the market, New York-listed gambling technology supplier IGT Group has confirmed that it has secured a seven-year contract extension as lead systems provider for the Californian Lottery (Calottery). The agreement will see IGT continue to service player management and shop terminal provisions for the Calottery (flagship product), with its extension in place until October 2026. The Californian Lottery has …

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