Tag Archives: marco Sala

IGT confirms sale of Double Down to Korean games developer DoubleU for $825 million

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 …

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US & Italy growth helps IGT secure ‘important milestones’ in 2016

Completing its first full-year on the New York stock exchange under the enlarged IGT Group Plc enterprise (combination of IGT, GTECH and Lottomatica). IGT governance states that the company has accomplished several ‘important milestones’, beating analyst 2016 expectations. Presenting its full-year 2016 results, IGT governance points to the firms strengthened performance in its core markets of US and Italy as …

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Lottomatica sports-betting up but IGT hit by social decline

Lottomatica’s sports-betting operation in Italy enjoyed 7% growth in wagers in the third quarter benefitting from the second-half of the European Championships falling in the period, however parent company IGT’s results were marred by a significant fall in social casino revenues. The company gave very little further detail other than suggesting the sports-betting business helped contribute, alongside the company’s lottery …

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IGT confident on 2016 targets following ‘solid’ Q2 corporate performance

Growth in its North American and Italian gambling divisions have helped New York-listed gambling and lottery technology provider IGT post a 48% increase in operating revenues of $171 million for Q2 2016 (Q2 2015: $116 million). IGT governance were pleased to close another ‘solid’ quarter, reporting that the company had sustained its global revenues at $1.28 billion for the period. …

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IGT appoints Mario Di Loreto as group HR & talent lead

International Game Technology (IGT) has confirmed the appointment of Mario Di Loreto to the new role of Executive Vice President of Human Resources, Organisation & Transformation. The executive appointment will see Di Loreto a report directly to IGT Plc Group CEO Marco Sala. The company detailed that it had hired Di Loreto to oversee group HR leadership and strategy as …

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North America uplift sees IGT post ‘solid opening’ to 2016

Presenting its Q1 2016 (period ending 31 March) corporate performance, IGT Plc governance stated its was pleased with its ‘solid opening performance’ as the New York-listed firm saw growth throughout its top line metrics. Reporting group revenues of $1.28 billion up 51% on Q1 2015’s $848 million, IGT detailed growth in its core region of North America. IGT would record …

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IGT Group optimistic of 2016 outlook following year of synergy creations

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

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 Q2 earnings hit by $122 million debt costs

Reporting for the first time as a single entity, IGT Plc the merged gambling and lottery technology operator of GTECH and International Game Technology (IGT) (merger date 7 April 2015), presented results for Q2 2015 trading. Due to its merger, IGT Plc governance noted that a number of items affect the comparability of its reported results for Q2 2014. In …

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IGT acquisition impacts GTECH Q1 2015 operating income

International Game Technology Plc (IGT) governance has presented separate results for GTECH SPA and IGT (legacy) divisions, due to the completion of its merger on 7 April. On Tuesday IGT Plc, released Q1 2015 trading update for GTECH operations GTECH reported key metric growth in revenues of 3% to €807 million (Q1 2014: €780 million), which had been supported by …

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