Tag Archives: new york

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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Winning Post: US regulation… Signs of Old World problems?

Industry strategic consultancy Regulus Partners begins the week by detailing three US states in which the realities of regulating sportsbooks and betting market dynamics have taken on a familiar narrative for industry stakeholders… _____________________________ Three completely unrelated issues in three different US states have caught our attention this week, issues which demonstrate that expansion can go hand-in-hand with potential backlash …

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Martin Lycka: Supreme Court’s (sports betting) punt return and beyond

Starbucks Barista - NFL Contest

In the second of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka takes a look at the current activity around sports betting in the US and tracks how the industry has arrived there and where it should go next. It is 14 May 14 2018, which may be the US football offseason, yet …

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IGT appoints ‘security pro’ Dr Samantha Ravich as corporate advisor

New York-listed gambling technology group International Game Technology Plc (IGT) has moved to strengthen its corporate advisory confirming the appointment of Dr Samantha Ravich as an Independent Director. A scholar in national security development, political science and cybersecurity defence measures, Dr Ravich is the current Chair of the Center on Cyber and Technology Innovation at the ‘Foundation for Defense of Democracies’, …

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IGT reduces credit facility arrangement

New York-listed gambling technology group International Game Technology Plc (IGT) has amended and extended the terms of its multicurrency revolving credit loan facility. The group said it has extended the ‘maturity date’ of its corporate credit facility from 26 July, 2021 to 31 July, 2024. IGT’s multicurrency credit loan facility was originally sanctioned in July 2017. Moving to lower its ‘aggregate …

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Tech eyes monitor Douyu IPO ambitions

Tech analysts are monitoring the movements of Chinese live streaming platform ‘Douyu’ closely, as the company files for a listing on the New York Stock Exchange this April. Branded as ‘China’s answer to Twitch.Tv’, the popular live streaming platform owned by Amazon, in its SEC submitted prospectus Douyu’s executive team seeks to raise $500 million from its New York IPO. …

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Unrivalled lineup of betting expertise at Betting on Sports America

Betting

A fast start to the first morning of Betting on Sports America (23-25 April) will see New Jersey Governor Phil Murphy make a keynote address to the industry, before former US sports stars Ryan Howard and Brian Westbrook explain the increased crossover between sports, sports betting and venture capital. These two sessions were just a small part of the full …

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Scientific Games fulfils $1 billion 2026 debt note financing

The governance of Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has confirmed that it has completed its $1.1 billion private note offering, first announced on 6 March 2019. The transaction is aggregate to 8.25% of SGC senior unsecured debt-notes, due for repayment in 2026 at an issue price of 100%. SGC governance intends to use the debt proceeds to …

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Eilers & Krejcik confirmed as Supporting Partner for Betting on Sports America

Eilers

Eilers & Krejcik, a boutique research firm focused on servicing the gaming equipment, sports, and interactive gaming sectors within the global gaming industry, has been named as a Supporting Partner for this year’s Betting on Sports America conference and exhibition. Organised by SBC Events, the event taking place at Meadowlands Exposition Center in New Jersey from 23-25 April is expected …

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