Tag Archives: IGT

Industry technology providers’ IGT Group and Scientific Games have informed the market that they have signed a ‘landmark patent cross-licensing agreement’. Updating stakeholders, IGT and Scientific Games detail that moving forward each company will have access to each other’s slot portfolio for the North American market. Fierce rivals within the land-based gambling systems and lottery terminals sectors, it appears that …

Brazil’s Finance Ministry has confirmed that it will begin the tender process for the privatization of its state-owned lottery instant-win games operator Loteria Instantânea Exclusiva (LOTEX). The LOTEX tender process will be open to national and international gambling operators and will be handled by Brazil’s National Bank for Economic & Social Development (BNDES). Brazilian business news reports have detailed that …

Lottomatica, the Rome-based gaming, lottery, iLottery and iGaming operator, has launched an affiliate programme for its Italian online gambling web portal.  The new affiliate programme for the multi-vertical brand is in partnership with Income Access, Paysafe Group’s marketing software provider, and will be managed using the Income Access platform. Licensed by Italian gambling regulator Agenzia delle Dogane e dei Monopoli …

New York-listed industry lottery and gambling systems provider IGT Group Plc (IGT) has this afternoon announced that it has secured a new $1.5 billion loan agreement which is set to mature from 2023. Updating the market and stakeholders, IGT governance informs that it will use the proceeds from the $1.5 billion loan to repay the ‘€800 million term loans maturing …

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 …

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 …

Updating the market, New York-listed IGT Group Plc has confirmed that it has concluded its $825 million sale of social games/gambling division Double Down Interactive to Korean games developer DoubleU Games Studio. The deal was first announced last April, with IGT governance detailing that the final sales figure represented a value of ‘10.5 x on Double Down full-year 2016’s adjusted …

Publishing its Q1 trading results, New York-listed IGT Group Plc has detailed a tough opening to its financial year, reporting declines throughout its core metrics. The gambling technology and lottery systems provider would detail a group revenue decline of 10% to $1.15 billion (Q1 2016: $1.28 billion). IGT governance detailed that the revenue decline reflected a tough comparative period, combined …

This morning New York-listed IGT Group Plc has informed the market that it has signed a ‘definitive agreement’ to sell its social casino subsidiary Double Down Interactive (Double Down) to South Korean games developer DoubleU Games (DoubleU). IGT governance informed investors that it had agreed to sell its social casino asset for $825 million, representing a value of 10.5x on …

New York-listed gambling and lottery systems provider IGT Plc, has announced that it has strengthened its existing partnership with the New Zealand Lotteries Commission (Lotto NZ) by securing an agreement to provide a ‘remote gaming server’ (RGS) extension and instant win content. IGT continues to be the lead gaming systems supplier for the Lotto NZ brand, a partnership which has …