Gambling technology provider IGT has announced the appointment of Ken Bossingham as Senior Vice President of Casino Core Products. Bossingham joins IGT (2013-2014) having served as Chief Operating Officer of American Gaming Systems, where he led the acquisitions of Apollo Global Management, Colossal Gaming and Cadillac Jack. Bossingham has prior experience with IGT Group, having served as VP of North …
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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 …
Read More »Regulus strengthens consultancy with appointment of Jay & Scott
Gambling strategic consultancy Regulus Partners has announced that it has strengthened its advisory team by appointing industry executives Patrick Jay and William Scott. The appointments will bolster Regulus industry specific capabilities which include corporate development, supply side strategy and due diligence. Patrick Jay was most recently Head of Trading at the Hong Kong Jockey Club, managing operations in Hong Kong, …
Read More »iGaming Expert Panel & Demo Room take centre stage at Gaming In Holland Conference
Gaming In Holland – announced two major initiatives are taking place at this year’s conference. The first is the iGaming Expert Panel sessions discussing ‘The Future of the Dutch Regulated iGaming and Lottery market’. In which an international line-up of keynote speakers that include:- Walter Bugno, CEO of GTECH Lottomatica, Mor Weizer, CEO of Playtech, Joe Saumarez Smith, Chairman Bedegaming and NED Horseracing Authority. The top …
Read More »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 …
Read More »IGT appoints Francesco Rodano as strategic lead for interactive services
The newly formed gambling solutions provider IGT (GTECH + International Game Technology merger) has confirmed the appointment of Francesco Rodano to its interactive gaming division. Rodano joins IGT from Italian regulatory body Agenzia delle Dogane e dei Monopoli (AAMS), and will take up the newly created role of Senior Director of Market Development & Strategy for IGT. Industry news source …
Read More »GTECH & IGT begin trade as International Game Technology PLC
GTECH SpA has today completed its $6.4 billion acquisition of Nevada based gambling technology provider International Game Technology (IGT) , finalising its nine month acquisition process. The acquisition hurdles will see GTECH and IGT operate under the corporation name International Game Technology. The merged company will begin trading its new share on the New York Stock Exchange later today. Last …
Read More »GTECH clears all preconditions for IGT 7th April merger
GTECH SpA governance has announced that the company has cleared all preconditions for its merger with International Game Technology (IGT). GTECH will now be able to complete its merger with IGT operations, following its $6.4 billion acquisition which was first announced in July 2014. The merger of the two gambling technology companies is set to become effective on Tuesday 7 …
Read More »UK High Court approves GTECH IGT merger
The High Court of England & Wales has cleared the acquisition of International Game Technology (IGT) by GTECH SpA. The approval grants the technology provider one of its final steps before clearing its $6.4 billion acquisition of IGT which aims to be completed by 7 April. As previously stated by GTECH governance, once the acquisition is finalised. GTECH and IGT …
Read More »GTECH to de-list from Milan exchange on 2 April
GTECH SpA governance has announced that its shares are to be de-listed on from the Milan bourse on 2 April, following its expected completion of US International Game Technology on 7 April. GTECH will form a new company under the name IGT, as the new merged gambling technology operator expects to float on the New York Stock Exchange. The announcement …
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