Tag Archives: IGT Plc

The government of Italy has settled on the new framework of licences for online gambling concessions. A new structure for Italian online gambling concessions was published yesterday by Parliament’s Gazette as an amendment carried forward by the government’s ongoing ‘Reorganisation of Gambling‘ decree. Recognised as a principal objective of the planned overhaul of Italian gambling laws, the government seeks to …

Lottomatica SPA reports on a transformative 2022, as the Apollo Global-owned Italian gambling group eyes a first-half listing on the Milan Borsa.  An enlarged Lottomatica sees its full-year 2022 revenues stand at €1.39bn, up 72% on FY2021 comparative results of €808m. 2022 saw Lottomatica, the former Italian B2C subsidiary of IGT Plc complete its merger with Gamenet Group to become …

Allwyn UK will be allowed to begin the transition process to become the new operating company of the National Lottery. Yesterday afternoon, parent company Allwyn Entertainment AG announced that Camelot Group had withdrawn its appeal of enabling rights granted by the UK Gambling Commission (UKGC) to Allwyn UK. The appeal formed part of Camelot UK and IGT Plc’s High Court …

IGT Plc remains confident of achieving its 2022 financial objectives, but has ‘tightened its full-year revenue outlook’ to reflect currency fluctuations and the impact of its ongoing business transformation.  Publishing its consolidated Q2 2022 results, IGT registered a 2% decline in period corporate revenues to $1.02bn.   The weakened headline performance was attributed to an 11% sales decline of IGT’s Global …

Camelot UK’s High Court challenge of the Fourth National Lottery Licence Competition could cost the UK government £600m in damages – should the lawsuit deem the competition as an unfair outcome.  The operating steward of the National Lottery since its 1994 inception, Camelot refuses to accept the ruling of the UK Gambling Commission (UKGC) to award its next 10-year operating …

IGT Plc has announced its lottery operations has been recertified by the World Lottery Association for its Corporate Social Responsibility Standards and Responsible Gaming Framework for Suppliers. The certification was developed by the WLA to reduce gambling harms by incentivising operators with a worldwide accreditation program. IGT has reinforced its commitment to social responsibility through its actions with stakeholders, such as collaboration …

Sisal SPA, the operating company of Italy’s SuperEnalotto lottery and Matchpoint betting shops, has filed for an Initial Public Offering (IPO) to list its business on the Milan Borsa Exchange.  Reuters reports that the CVC Capital owned gambling group has agreed to sell its shares to an unnamed private equity firm.   Although most of the firm’s revenues come from its …

International Game Technology Plc (IGT) governance has presented separate results for GTECH SPA and IGT (legacy) divisions, due to the completion of its merger on 7 April. On Tuesday IGT Plc, released Q1 2015 trading update for GTECH operations GTECH reported key metric growth in revenues of 3% to €807 million (Q1 2014: €780 million), which had been supported by …