Tag Archives: IGT

Nektan appoints Leigh Nissim as new CEO

London AIM-listed mobile casino technology and content provider Nektan Plc has confirmed the appointment of Leigh Nissim as its new CEO. Nektan governance ends its five-month search for its new leader, following the resignation of David Gosen at the start of January. The mobile gambling specialists expects to install Nissim as its CEO by late July, replacing interim CEO and …

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Stanleybet sets to challenge Lottomatica Italian Lottery concession

Stanleybet governance has announced that it intends to challenge the decision by Italian gambling regulator, Agenzia delle Dogane e dei Monopoli to award its provisional lottery concession to IGT subsidiary Lottomatica. On Monday, a Lottomatica led four-party consortium had been announced as lotto provisional contract owners, following a bid of €770 million in upfront concession payments. The Italian regulator awarded …

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Lottomatica wins Italian Lottery provisional concession

Updating the market, New York-listed International Game Technology PLC (IGT) has announced that lottery subsidiary Lottomatica, has been awarded a provisional concession by Italian gambling regulator Agenzia delle Dogane e dei Monopoli to operate its national lotto game. Lottomatica will officially gain the concession in the second quarter of 2016, which is set to run for nine years. Last March, …

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IGT Group optimistic of 2016 outlook following year of synergy creations

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

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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Camelot Global replaces IGT as digital services provider

Swiss lottery operator Loterie Romande has entered into a supplier partnership with Camelot Global (Camelot UK subsidiary) which will see the lottery services provider redevelop the online gaming platform for www.loro.ch. The new partnership, will see Loterie Romande, the licensed lottery operator for French-speaking Switzerland drop its long term IGT-powered Loro.ch games platform with Camelot Global acting as its main …

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UK Minister for Sport Tracey Crouch to speak at RGT’s ‘Harm Minimisation Conference’

Minister for Sport, Tourism and Heritage Tracey Crouch will be amongst the speakers at the third annual Responsible Gambling Trust (RGT) Harm Minimisation Conference. The conference will be held at the King’s Fund, Cavendish Square, London on Wednesday 9 December 2015 and the overall theme is minimising gambling-related harm in Britain. This year the programme will focus on the range …

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

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

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 rolls out new system applications throughout Wynn Resorts

IGT has announced that it has signed an agreement with Wynn Resorts for the provisions of a comprehensive suite of IGT system applications. The agreement will see IGT technology roll-out its application suite at Wynn Las Vegas and Wynn Palace Macau. The agreement will further expand to the new Wynn Everett resort in Massachusetts upon completion of its construction. The …

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IGT launches new unified corporate website

Gambling technology provider International Game Technology (IGT), has announced the full launch of its brand new website, which aims to better inform clients and customers of its new business entity following the completion of the corporate merger between IGT and GTECH SpA. IGT the chosen unifying brand, will integrate merged GTECH business and product services within IGT.com. The new website …

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Lottomatica eyes potential Sisal takeover

Italian news sources are reporting that Lottomatica (IGT) has entered talks for the potential acquisition of Italian betting operator Sisal Italia. The merger of Lottomatica and Sisal, would create Italy’s biggest gambling operator in a deal rumoured to be in excess of £1 billion. The acquisition of Sisal, would see Lottomatica expand its presence within the Italian retail sector taking …

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