Tag Archives: IGT Group

Brazil to issue initial plans on Caixa Loterias sale

Brazil’s federal bank Caixa Economica Federal (Caixa) is expected to disclose its initial plans to privatise ‘non-core’ business subsidiaries this week, as part of the government’s efforts to restructure the financial institution. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here ‘Caixa Seguradora’, the federal bank’s insurance unit, is reported to be first in-line …

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Caixa chairman seeks to offload Brazil lottery assets by 2021

Pedro Guimarães, the Chairman of Brazil’s federal bank – Caixa Economica Federal (Caixa), has stated that the government maintains its objective of ‘privatising five Caixa subsidiaries by 2021’. Guimarães made his statement to Brazilian business journal Metropoles, revealing that his office had identified Caixa ‘Loterias’ (lotteries), ‘Seguradora’ (insurance) and ‘Central’ (credit agency) as three divisions that will be privatised or …

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Robust quarter sees IGT adjust 2018 earnings forecast

New York-listed gambling technology and lottery systems provider International Game Technology PLC (IGT) has revised its full-year 2018 earnings expectations, publishing a better than anticipated Q3 2018 trading update (period ending 30 September). Updating the market, IGT governance details solid lottery performance, combined with improved gaming KPIs which have helped the company deliver a 3% increase in adjusted EBITDA to $443 …

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FanDuel seeks to become NJ leader with IGT sports betting systems

The newly formed FanDuel Group (Betfair US + FanDuel) has confirmed that it will utilise IGT Group systems as its lead sports betting technology provider for the regulated state of New Jersey. FanDuel Group, the strategic US subsidiary of FTSE100 betting firm Paddy Power Betfair (PPB) has chosen IGT as its lead sports betting platform supplier, servicing its New Jersey …

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IGT expands MGM Resorts betting contract servicing Atlantic City Borgata

MGM Resorts International’s New Jersey property the Borgata Hotel Casino & Spa will have its sports betting systems and terminals powered by industry technology provider IGT Group. Issuing a market update, New York-listed IGT Group confirms that it has secured the retail betting systems contract to service MGM Resorts Atlantic City property. Both parties have a prior relationship, with IGT …

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Raise the Bar… IGT backs All-in Diversity Project

New York-listed gambling technology supplier IGT Group becomes the latest industry incumbent to join the ‘All-in Diversity Project’ as a founding member and participant the diversity initiative’s inaugural year. The All-in Diversity Project is an industry-driven, not-for-profit initiative which aims to deliver a new benchmark combined with better practices and standards for diversity within the global betting and gaming sectors. Entering 2018, IGT …

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IGT appoints Kim Barker Lee as first ever ‘Corporate Diversity’ lead

New York-listed gambling technology and lottery systems supplier IGT Group has confirmed the promotion of Kim Barker Lee to the newly created role of Vice President of Corporate Diversity & Inclusion. IGT governance confirms that Barker Lee will be tasked with implementing the group’s first ever ‘global diversity strategy’, working alongside IGT leadership and HR functions. The executive appointment will …

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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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IGT appoints Christopher Spears as new Group General Counsel

Issuing a market update, New York-listed gambling technology supplier IGT Group Plc has confirmed the appointment of Christopher Spears as new corporate General Counsel and Vice President.  Joining IGT’s executive leadership team, Spears will act as group ‘legal lead’ overseeing all counsel matters and advising corporate governance on legal strategies and regulatory stakeholder management. Spears is set to replace Neil Abrams, …

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Isle of Man appoints Tony Ure as e-Gaming lead

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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