Tag Archives: new york

IGT offers 7.5% debt note tender for $500 million target price

New York-listed gambling and lottery technology/systems provider IGT Group has issued a market tender seeking to sell 7.5% of its corporate debt ‘Notes’ at a target price of $500 million. The gambling technology firm seeks an outright buyer or multiple parties to purchase the Notes which are due for repayment in 2019. IGT governance has set a purchase price of …

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Rush Street Gaming appoints Mark Lunter as new marketing lead

Issuing a market update, Chicago-based US casino operator Rush Street Gaming has confirmed the appointment of Mark Lunter as its new Chief Marketing Officer. A casino marketing veteran, Lunter joins Rush Street from market competitor Caesars Entertainment, where he served as Regional Vice President of Marketing for Caesars Eastern US properties (Baltimore, Philadelphia and Tunica). Lunter has also held marketing leadership …

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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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RotoQL seeks to become ‘Bloomberg for sports fans’

RotoQL - Copyright: prykhodov / 123RF Stock Photo

US sports data and analytics firm RotoQL has raised $1.2 million (£1 million) in its latest venture finance round led by Boston Seed Capital. The ambitious New York start-up, founded by the number one ranked Daily Fantasy Sports (DFS) player Saahil Sud (COO) and Justin Park (CEO), has created a portfolio of sports data tools and technologies aimed at better informing and …

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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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Man San Law resigns as Chairman of 500.com

Updating investors, embattled New York-listed Chinese sports lottery operator 500.com has confirmed that Chairman of the Board Man San Law has stepped down from the governance position with immediate effect. San Law’s position will be split with director Lian Qi taking on the responsibilities of Chairmanship, supported by Bo Yu who will act as Director of Governance, a decision which …

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SpringOwl’s Jason Ader wants Amaya to have a ‘clean break’ from ‘discredited’ David Baazov

Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …

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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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Cole Sharp – BounceX – Target UK!

Following this September’s launch of its European headquarters in London, SBC caught up with Cole Sharp Co-Founder & Chief Business Officer of behavioural marketing specialist BounceX. BounceX one of the US’ fastest growing tech companies, wants to place data and behavioural insights at the heart of online betting marketing operations. Cole Sharp details his firm’s ambitious plans for SBC readers… ____________________ …

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