Tag Archives: marco Sala

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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IGT promotes Fabio Celadon as Gaming Portfolios lead

Updating the market, New York-listed IGT Group Plc has confirmed the promotion of Fabio Celadon to the position of Senior Vice President of Gaming Portfolios. Celadon who formerly served the company as Managing Director of China and as Asian business lead for IGT International will take on the newly formed executive position reporting directly to Group CEO Marco Sala. IGT …

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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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