Apollo Global is reported to be reviewing options on its Lottomatica investment, which may see the heritage Italian gambling group listed on the Borsa Milan. Bloomberg and local media report that Apollo eyes a “return to Piazza Affari” for Lottomatica, in which it has called on investment banks to price up a €1bn IPO. A Milan listing would see Apollo …
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IGT Plc has moved to expand its B2B online casino offering, by securing definitive terms to acquire Malta-based online casino solutions provider iSoftBet. This afternoon, the board of IGT notified investors that it has agreed on a €160 million cash deal to acquire iSoftBet – undertaking an acquisition that will “more than double the IGT PlayDigital content library to approximately …
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IGT Plc has confirmed that long-term executive Walter Bugno has resigned from duties as the NYSE technology group’s Executive Vice President of New Business and Strategic Initiatives. This morning, IGT notified investors that Bugno had chosen to end his 11-year tenure with the company to ‘pursue new professional opportunities‘ and will resign from all leadership duties on 14 May. A …
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Blockchain lottery Quanta has continued to grow its footprint in the African market by confirming the appointment of Deji Enwezor as the Chief Executive Officer of Quanta Nigeria. Enwezor joins Quanta from International Lottery & Gaming where he was CEO. Prior to that, he was a Sports Lotto Consultant at National Sports Lottery and also worked in executive and operations at …
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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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Major gaming distributor IGT has announced that it has signed an agreement with Optima Group for the licensing, support, and development of IGT’s sports betting platform in all international regions outside of Italy, the United States, and Canada. As part of the agreement, signed on 15 December, IGT is licensing its Sports Betting platform to Optima, enabling it to provide …
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Updating the market, the Isle of Man Government has confirmed the appointment of Tony Ure as its new Head of e-Gaming. A former IGT Group & GTech executive, Ure takes on the leadership of the Isle of Man’s digital gaming division, promoting the self-governing jurisdiction’s commercial and operational services for industry stakeholders. A seasoned gambling operations veteran, Ure has consulted …
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Nasdaq-listed industry technology provider Scientific Games Corporation (SGC) has confirmed the appointment of Leigh Nissim as its new Managing Director of its B2B Interactive division. Nissim joins SGC, having most recently served as CEO of London AIM-listed mobile games and platform provider Nektan Plc. An industry veteran, Nissim has extensive B2B commercial development background having served in leadership positions for …
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Independent bookmakers in the UK have been praising the Spanish company OPTIMA for giving them the tools to compete with high street corporate bookmakers and backing up the product with high end customer service. OPTIMA has built a strong UK and international presence by supplying and maintaining one of the most advanced and independent electronic point of sale (EPOS) products on the …
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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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