Tag Archives: marco Sala

IGT seeks new financial lead as Alberto Fornaro ends CFO tenure

New York-listed gambling technology group International Game Technology Plc (IGT) has confirmed that senior executive Alberto Fornaro has chosen to end his tenure as Chief Financial Officer (CFO). Fornaro will leave the management team on 31 January 2020 to ensure a smooth corporate transition. IGT’s board of directors has unanimously approved the appointment of Timothy Rishton, current Senior VP and Chief …

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IGT sanctions new €500 million senior debt note

Issuing a market filing, the governance of New York-listed International Game Technology Plc (IGT Plc) has confirmed that it will pursue a private €500 million senior unsecured note transaction. Updating investors, IGT governance confirms that it has made an application for its notes to be officially sanctioned on the ‘Global Exchange Market’ of Ireland’s Euronext Dublin stock exchange. IGT’s new debt …

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IGT posts stable 2018 despite international slowdown

The governance of New York-listed gambling/lottery technology and systems provider IGT Plc has published its full-year 2018 results, underlying marked improvements within its North American lottery division maintained against a tougher international back-drop. Updating the market, IGT reports stable group revenues of $4.8 billion (FY2017: $4.9bn), despite the company recording a tough Q4 2018 closing, in which consolidated revenues declined …

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Donald R. Sweitzer ends tenure as IGT Chairman of Global Solutions

Updating the market, New York-listed gambling technology and lottery systems provider IGT Plc has confirmed that long-term executive Donald R. Sweitzer is set to retire as Chairman of IGT Global Solutions Corporation. Sweitzer ends a 20-year executive tenure with IGT, in which he has served as a key stakeholder in the gambling technology group’s governmental affairs and multi-national development strategies. …

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Robust quarter sees IGT adjust 2018 earnings forecast

New York-listed gambling technology and lottery systems provider International Game Technology PLC (IGT) has revised its full-year 2018 earnings expectations, publishing a better than anticipated Q3 2018 trading update (period ending 30 September). Updating the market, IGT governance details solid lottery performance, combined with improved gaming KPIs which have helped the company deliver a 3% increase in adjusted EBITDA to $443 …

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Marco Sala – Sustainability is best way forward for IGT Group

Marco Sala Group Chief Executive of International Game Technology Plc (IGT Group) has pledged that his company will continue to push for industry social responsibility, sustainability and diverse citizenship as core corporate dynamics. This week, the New York-listed enterprise published its eleventh ‘Annual Sustainability Report’. The independently audited report details IGT’s ongoing corporate mandate to create long-term value for all …

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IGT write down of North America Interactive unit sees Q3 operating losses of $550m

Foreign exchange losses combined with a write-down impairment charge of $714 million has seen New York-listed gambling firm IGT Group Plc declare Q3 2017 net losses of $804 million. Publishing its Q3 2017 trading update (period ending 30 September), IGT disclosed a period group operating loss of $556 million, primarily attributed to its $714 million write-down charge of its ‘North …

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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 concludes $850 million sale of Double Down social gaming division

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 …

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Sales slowdown hurts IGT Group’s Q1 2017 opening

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 …

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