Tag Archives: IGT

Donald R. Sweitzer ends tenure as IGT Chairman of Global Solutions

Updating the market, New York-listed gambling technology and lottery systems provider IGT Plc has confirmed that long-term executive Donald R. Sweitzer is set to retire as Chairman of IGT Global Solutions Corporation. Sweitzer ends a 20-year executive tenure with IGT, in which he has served as a key stakeholder in the gambling technology group’s governmental affairs and multi-national development strategies. …

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Lorenzo Pellicioli takes IGT Chairmanship

The governance of New York-listed gambling technology group IGT Plc has confirmed that Lorenzo Pellicioli will take the remit of corporate Chairman of the Board, having previously served the role on an interim basis. Updating investors, IGT concludes its governance leadership search, which was sanctioned this August following the departure of Phil Satre to NASDAQ casino and leisure operator Wynn …

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Golden Race granted associate membership to NASPL

NASPL

Golden Race has been granted associate membership to the North American Association of State & Provincial Lotteries (NASPL), a regional organisation spanning Canada and the US that facilitates better communication between lottery operators, as well as between lottery operators and gaming vendors. The virtual sports platform provider has joined 52 lottery operators/suppliers in Canada and the US, including IGT, Intralot, …

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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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Lack of Caixa clarity sees BNDES Brazil rethink its LOTEX tender

BNDES – Brazil’s National Bank for Social Development has scheduled a new auction for the sale of state-owned instant games (scratch & win) operator Loteria Instantânea Exclusiva (LOTEX) to be held on 29 November 2018. The tender of LOTEX was first announced on August 2017, with the Brazilian Finance Ministry targeting a BRL 4 billion (€1.2 billion) for its complete divestment …

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IGT restructures debt capacity with new $750 million secured note

New York-listed industry technology group International Game Technology (IGT Group) has moved to restructure its corporate debt structure, confirming that it has successfully placed a $750 million senior secured debt note due for 2027. The transaction sees IGT governance upsize its original debt note of $500 million, previously announced at the start of the week. Updating investors, IGT governance will …

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IGT seeks new Chairman as Phil Satre joins Wynn Resorts

New York-listed gambling technology group, International Game Technology Plc (IGT), has confirmed the resignation of Phil Satre as Chairman of the Board. Updating the market, IGT informs that it has begun its executive search for Satre’s replacement, with Vice Chairman Lorenzo Pellicioli leading IGT governance until a successor is confirmed. Satre is set to join US casino and leisure operator …

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Marco Sala – Sustainability is best way forward for IGT Group

Marco Sala Group Chief Executive of International Game Technology Plc (IGT Group) has pledged that his company will continue to push for industry social responsibility, sustainability and diverse citizenship as core corporate dynamics. This week, the New York-listed enterprise published its eleventh ‘Annual Sustainability Report’. The independently audited report details IGT’s ongoing corporate mandate to create long-term value for all …

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IGT strengthens partnership with the Louisiana State Police

Gambling technology and lottery systems supplier International Game Technology (IGT), has confirmed a nine and a half year extension to its contract with Louisiana Police. Working through its IGT Global Solutions Corporation subsidiary, its sees an upgrade of video gaming monitoring systems provided for the Video Gaming Division of the Louisiana State Police’s Department of Public Safety and Corrections (DPS&C) …

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Rhode Island places a ‘high price’ on licensed sports betting

This weekend Rhode Island became the third US state to legislate for sports betting services following May’s Supreme Court repeal of PASPA’s federal mandate. Rhode Island (population 1 million) follows its east coast neighbours of Delaware and New Jersey in moving to allow sports betting services within licensed casino premises. On Friday, state governor Gina Raimondo (D) signed off on …

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