Tag Archives: IGT Group

Scientific Games appoints Leigh Nissim as B2B interactive lead

Nasdaq-listed industry technology provider Scientific Games Corporation (SGC) has confirmed the appointment of Leigh Nissim as its new Managing Director of its B2B Interactive division. Nissim joins SGC, having most recently served as CEO of London AIM-listed mobile games and platform provider Nektan Plc. An industry veteran, Nissim has extensive B2B commercial development background having served in leadership positions for …

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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 York Lottery services extension

Updating the market, international gambling and lottery systems provider IGT Group Plc has confirmed that it has secured a three-year extension to its existing services contract with the New York Lottery. The agreement will see the New York Lottery extend its existing provisions with IGT services adding new terminals, technology portals and multimedia enhancements. The New York Lottery has been …

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IGT wins 7-year West Virginia Lottery lead systems supplier contract

New York-listed lottery and gambling technology provider IGT Group has been awarded a seven-year ‘base contract’ to provide West Virginia Lottery with its principal lottery draw system along with an array of game provisions. IGT informs that it won the contract following a competitive procurement, to replace West Virginia’s legacy systems. The services contract is expected to start on 28 …

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IGT offers 7.5% debt note tender for $500 million target price

New York-listed gambling and lottery technology/systems provider IGT Group has issued a market tender seeking to sell 7.5% of its corporate debt ‘Notes’ at a target price of $500 million. The gambling technology firm seeks an outright buyer or multiple parties to purchase the Notes which are due for repayment in 2019. IGT governance has set a purchase price of …

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IGT promotes Fabio Celadon as Gaming Portfolios lead

Updating the market, New York-listed IGT Group Plc has confirmed the promotion of Fabio Celadon to the position of Senior Vice President of Gaming Portfolios. Celadon who formerly served the company as Managing Director of China and as Asian business lead for IGT International will take on the newly formed executive position reporting directly to Group CEO Marco Sala. IGT …

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US & Italy growth helps IGT secure ‘important milestones’ in 2016

Completing its first full-year on the New York stock exchange under the enlarged IGT Group Plc enterprise (combination of IGT, GTECH and Lottomatica). IGT governance states that the company has accomplished several ‘important milestones’, beating analyst 2016 expectations. Presenting its full-year 2016 results, IGT governance points to the firms strengthened performance in its core markets of US and Italy as …

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Texas Lottery extends lottery supplier services contract with IGT Group

Updating the market, IGT Group (IGT) has informed that it has signed a six-year supplier services extension with the Texas Lottery Commission (Texas Lottery). The extension sees IGT continue to serve as the Texas Lottery’s principal solutions provider through to August 2026. The Texas Lottery has been a customer of IGT since its initial foundation in 1992. The partnership will …

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IGT Group optimistic of 2016 outlook following year of synergy creations

New York-listed gambling and lottery technology supplier, IGT Group closed its full-year 2015 results (period ending 31 December) reporting adjusted revenues of $5.5 billion down 4% on 2014’s (pro-forma) revenues of $5.7 billion.   Declaring its first full-year performance as IGT Group (the combined enterprise of GTECH and IGT), the company would declare adjusted EBITDA earnings of $1.8 billion, down …

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Lottomatica enters consortium for Italian Lottery bid

IGT Group Italian gambling subsidiary Lottomatica has confirmed that it has entered a four-party consortium aiming to bid for the Italian lottery tender. Lottomatica will lead the bid consortium made up of members Italian Gaming Holding ( a subsidiary of SAZKA Group), Arianna 2001 SPA (an entity affiliated with the Federation of Italian Tobacconists) and Novomatic Italia. Issuing a corporate statement …

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