Tag Archives: marco Sala

IGT sanctions capped $300m senior debt note sale

IGT Group has sanctioned a ‘tender offer’ to ‘purchase for cash’ an aggregate sum of $300 million, representing 6.25% of its corporate senior secured debt notes, due for repayment in 2022. The New York-listed gambling technology and lottery systems supplier has undertaken its debt sale subject to terms and conditions set forth in its ‘offer to purchase’ summary published on …

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IGT records dire 2020 opening as COVID-19 impacts all primary revenues  

IGT Plc has declared a tough opening to 2020 trading, reporting that COVID-19 restrictions have impacted ‘all business segments operating all primary revenue streams’.  Dire Q1 2020 metrics saw the firm record an 18% decline in group revenues to $940 million (Q12019: $1.14bn)  As a consequence of Mid-march lockdown orders the New York-listed technology group abruptly lost its revenue streams …

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IGT names Max Chiara as inbound Group CFO

IGT has concluded its four-month executive search after confirming the appointment of  Massimiliano ‘Max’ Chiara as its new Group Chief Financial Officer (CFO), effective from 6 April 2020. Max Chiara will replace long-term CFO Alberto Fornaro, who ended his nine-year tenure leading IGT’s financial units last December, joining South Korean e-commerce retailer Coupang Group.  Updating investors, IGT has stated that …

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IGT appoints ‘trusted hand’ Fabio Celadon as M&A lead

The governance of New York listed gambling technology group IGT Plc has confirmed the promotion of Fabio Celadon to the position of Executive Vice President of Strategy and Corporate Development. An IGT executive since 2006, Celadon takes charge of IGT corporate development strategy having formerly served as Senior Vice President of Gaming Portfolio (2017-2019). Celadon’s executive tenure at IGT has also …

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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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