Tag Archives: IGT

IGT overhauls leadership as Marco Sala takes over Chairman duties

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

IGT Plc has executed an executive team and boardroom reorganisation, as Group CEO Marco Sala is appointed as Executive Chairman of the NYSE gambling technology group.  The appointment follows wider group developments, that saw IGT majority owner De Agostini SPA announce that Lorenzo Pellicioli had chosen to end his sixteen-year tenure as CEO of the Italian investment conglomerate. B&D Holding …

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IGT becomes latest gambling firm to enhance climate change commitments

In a strengthening of its ESG operations, IGT has joined the Science Based Targets initiative (SBTi), committing to carbon emission and climate change reduction. The Science Based Targets initiative (SBTi)drives climate action among businesses worldwide, and by becoming a member of the programme, IGT has become the latest operator to adopt a low-greenhouse gas policy. This commitment will see IGT align …

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Sarah Hitchcock: Successful OLG link-up shows the way for Bede

OLG

“The focus is on finding more operators with OLG’s way of thinking, that is those who put digital innovation at the heart of their growth strategy,” said Bede Gaming’s Sarah Hitchcock, as she reflected on four years of working with the government agency to build compelling digital products for the people of Ontario. On a more general level, we discussed …

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IGT renews WLA certification with pledge to lead of responsible gambling

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 …

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BOSE: Italian leadership optimistic of 2022 reform prospects

Italy’s gambling incumbents have navigated another turbulent year, not just due to COVID-19 induced closures of retail outlets but also due to increased attention from the legislative and regulatory fields.  Discussing Italian gambling developments and prospects at the Betting on Sports Europe (BOSE) event, Marco Castaldo, CEO of Microgame, Carmelo Mazza, CEO of OIA Services, Stefano Sbordoni, Managing Partner and …

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$200m Q3 savings leads IGT to raise 2021 forecasts

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

IGT Plc has raised its full-year corporate forecasts in light of peak performance results achieved during Q3 trading. IGT more than doubled its operating income to $212 million (Q32020: $83m) as the NYSE gambling technology group registered +$200 million in from its ‘OPTIMA – structural cost-savings program‘. Period trading saw IGT register group revenues of $984 million, up 21% on …

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IGT to upgrade FDJ’s lottery management system

IGT Plc has secured a major technology agreement to upgrade the central lottery system of La Française des Jeux (FDJ) – France’s national lottery operator.  The NYSE technology group disclosed that it had won a seven-year agreement to modernise FDJ’s group-wide lottery management system, which will be upgraded to its advanced Aurora platform. IGT has maintained a technology partnership with …

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IGT appoints Joe Asher as President of reformed sports betting unit

IGT Plc has confirmed the appointment of former William Hill US CEO Joe Asher as President of its sports betting division, under the firm’s new Digital-&-Betting unit. Effective from 1 October, Asher will report to Enrico Drago, IGT CEO of Digital-&-Betting, and will spearhead the ongoing expansion of the IGT PlaySports sportsbook business in North American markets. “The PlaySports sports …

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IGT creates Digital and Betting division in corporate restructure

IGT has announced a commercial re-organisation, creating a Digital and Betting business segment out of the igaming and sports betting divisions formerly part of its Global Gaming department. The third quarter of 2021 will see the group operate the business segments of the firm, which include the newly created Digital & Betting, the aforementioned Global Gaming and Global Lottery, with …

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IGT backs its trimmed profile as gaming units return to profitability

IGT Plc has maintained confidence in its 2021 commercial strategy, having reported strong gains in Q2 as its gaming division ‘returns to profitability’. Reporting a yearly increase in revenue of 74% to $1 billion (2020: $600m), the group has also achieved net EBITDA of $442 million (2020: $164m) and operating income of $244 million, a major improvement on the operating …

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